Core Points - Thomas J. Herzfeld Advisors, Inc. and Herzfeld Credit Income Fund, Inc. announced preliminary results of a cash tender offer to purchase up to 5% of its outstanding common shares at 97.5% of the Fund's net asset value as of October 15, 2025 [1][2] Group 1: Tender Offer Details - The tender offer amount was up to 5% or 845,433 shares, with 11,603,885 shares properly tendered [2] - The purchase price for properly tendered shares was set at $2.5935, which is equal to 97.5% of the Fund's NAV per share as of the close of trading on October 15, 2025 [2] - If the number of common shares tendered exceeds the amount offered, the Fund will purchase shares on a pro-rata basis [3] Group 2: Final Results Announcement - The results are based on preliminary information and are subject to adjustment, with final results expected to be announced around October 20, 2025 [4] Group 3: Company Background - Thomas J. Herzfeld Advisors, Inc. is an SEC-registered investment advisor founded in 1984, specializing in investment analysis and account management in closed-end funds [5]