Core Viewpoint - Herzfeld Credit Income Fund, Inc. has announced amendments to its Dividend Reinvestment Plan to align with industry standards, allowing for more flexibility in share issuance regardless of market conditions [1][2]. Group 1: Amendments to the Dividend Reinvestment Plan - The amendments to the Plan will take effect 30 days after notice is mailed to shareholders [1]. - The new Plan allows the Fund to issue new shares to participants regardless of whether the common stock is trading at a premium or discount to the Fund's NAV, differing from the previous requirement to purchase shares on the open market when trading below NAV [2]. - The number of shares received upon reinvestment will be calculated by dividing the distribution amount by 95% of the market price per share at the close of regular trading on the exchange, or the average of the closing bid and asked quotations if there is no sale on that date [3]. Group 2: Shareholder Engagement - The Fund encourages shareholders to review the amended Plan to decide on their participation [4]. Group 3: Company Background - Thomas J. Herzfeld Advisors, Inc., founded in 1984, is the SEC registered investment advisor for the Fund, specializing in investment analysis and account management in closed-end funds [5].

Group 1 - The Schwab High Yield Bond ETF (NYSEARCA: SCYB) is a fixed income exchange traded fund that aims to track the performance of the ICE [1] - Binary Tree Analytics (BTA) focuses on providing transparency and analytics in capital markets instruments and trades, particularly in CEFs, ETFs, and Special Situations [1] - BTA has over 20 years of investment experience and aims to deliver high annualized returns with a low volatility profile [1]

Market Performance - The stock market has recently reached new heights, with the S&P 500 and Nasdaq Composite surging approximately 26% and 35% respectively since early April [1][2] Investment Risks - Investing at record highs can be risky due to high stock prices and potential downturns that could lead to immediate portfolio value drops [2][10] - Historical data suggests that investing in ETFs at peak prices can still yield positive outcomes for long-term investors [2][4] Long-term Investment Strategy - Historical trends indicate that there is no bad time to invest if a long-term perspective is maintained [4][11] - For instance, investing in an S&P 500 ETF before the Great Recession would have resulted in a 75% total return over 10 years despite initial losses [5][6] - The S&P 500 has never experienced negative total returns over any 10-year period in the last 82 years, although it has seen negative returns in 33% of one-year periods [8][9] Portfolio Preparation - To navigate market uncertainty, investors are advised to ignore short-term fluctuations, build an emergency fund, and invest in fundamentally strong companies [10][12] - Investing in robust companies or S&P 500 ETFs is recommended as they are more likely to withstand market volatility [12]

Group 1 - The S&P 500 Index and Nasdaq reached new all-time highs in June, surpassing previous highs from February, primarily driven by strong performance in the technology sector [2] - The CEF/ETF Income Laboratory manages portfolios targeting safe and reliable yields of approximately 8%, catering to both active and passive investors [2] - The service offers managed portfolios, actionable income and arbitrage recommendations, and in-depth analysis of closed-end funds (CEFs) and exchange-traded funds (ETFs) [2] Group 2 - The community associated with the CEF/ETF Income Laboratory consists of over a thousand members focused on income investment strategies [2] - The majority of holdings in the portfolios are monthly-payers, which aids in faster compounding and smoothing income streams [2] - Nick Ackerman, a former financial advisor with over 14 years of personal investing experience, provides coverage on CEFs and ETFs [3]

Group 1 - The Western Asset Premier Bond Fund (NYSE: WEA) was downgraded to 'Hold' a year ago, with its price level remaining virtually unchanged since then [1] - The fund's total return is composed of various investment strategies, focusing on providing transparency and analytics in capital markets instruments and trades [1] - Binary Tree Analytics (BTA) specializes in Closed-End Funds (CEFs), Exchange-Traded Funds (ETFs), and Special Situations, aiming for high annualized returns with low volatility [1]

Group 1 - The CEF/ETF Income Laboratory manages closed-end fund (CEF) and exchange-traded fund (ETF) portfolios targeting safe and reliable yields of approximately 8% [2] - The service provides managed portfolios, actionable income and arbitrage recommendations, and in-depth analysis of CEFs and ETFs, catering to both active and passive investors [2] - The community consists of over a thousand members focused on finding the best income ideas, with a majority of holdings being monthly-payers for faster compounding and smoother income streams [2] Group 2 - Nick Ackerman, a former financial advisor with over 14 years of personal investing experience, provides coverage on closed-end funds and exchange-traded funds [3]

Core Points - 180 Degree Capital Corp. has filed definitive proxy materials for a proposed all-stock merger with Mount Logan Capital Inc. [1] - The Special Meeting for the approval of the Business Combination is scheduled for August 22, 2025, with a record date of July 8, 2025 [1] - A shareholder call is set for July 15, 2025, to discuss preliminary Q2 2025 results and the proposed Business Combination [2] Company Overview - 180 Degree Capital Corp. is a publicly traded closed-end fund focused on investing in undervalued small publicly traded companies, aiming for significant turnarounds through constructive activism [3] Business Combination Details - The merger agreement between 180 Degree Capital and Mount Logan was dated January 16, 2025, and involves the exchange of shares in the Business Combination [5] - A definitive proxy statement has been filed with the SEC, which includes important information about the merger and related matters [5] Management Insights - Kevin Rendino, CEO of 180 Degree Capital, expressed optimism about shareholder support for the Business Combination, noting strong initial indications [2] - Ted Goldthorpe, CEO of Mount Logan, highlighted growth opportunities for the combined companies and the benefits of a NASDAQ listing [2]

Group 1 - The article discusses the establishment of the Ma'anshan Intelligent Creation Equity Investment Fund Partnership, which aims to support the artificial intelligence industry in Ma'anshan City [1] - The total scale of the fund is set at 1 billion yuan, focusing on the upstream and downstream of the artificial intelligence industry [1] - It is noted that the investment in enterprises within the Yushan District of Ma'anshan City by the sub-fund will not be less than 1.2 times the paid-in capital of the parent fund [1]

Group 1 - The article discusses the closed-end fund (CEF) market activity, providing insights from both individual fund news and broader market trends [1] - It highlights the importance of yield and risk management in the construction of income portfolios [1] - The article promotes the use of Interactive Investor Tools for navigating various financial markets, including BDC, CEF, OEF, preferred, and baby bond markets [1] Group 2 - The article encourages readers to explore investor guides related to CEFs, preferreds, and PIMCO CEFs [2] - It offers a no-risk opportunity for potential investors to sign up for a 2-week free trial [2]

Group 1 - Cash Flow Club focuses on businesses with strong cash generation, ideally with a wide moat and significant durability, which can be highly rewarding when bought at the right time [1] - Eagle Point Credit Co. LLC (ECC) is identified as a high-yielding closed-end fund, but concerns include massive share count dilution, a premium to net asset value, and a weak track record [1] - The investment group emphasizes access to a leader's personal income portfolio targeting yields of 6% or more, along with community chat and transparency on performance [1] Group 2 - Jonathan Weber has been active in the stock market and as a freelance analyst, focusing primarily on value and income stocks while occasionally covering growth [2]