Core Viewpoint - Thomas J. Herzfeld Advisors, Inc. plans to initiate a Tender Offer for Herzfeld Credit Income Fund, Inc. starting in September 2025 to address the Fund's trading price discount to its net asset value (NAV) [1][2] Group 1: Tender Offer Details - The Fund's Board of Directors has approved the continuation of a plan to address the trading price discount, which was initially announced on May 31, 2019, and extended to June 30, 2026 [1] - Under the modified Self-Tender Policy, the Fund will commence a tender offer by October 31, 2025, for up to 5% of the Fund's outstanding shares at 97.5% of NAV if the average discount exceeds 10% for the previous fiscal year [2] Group 2: 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 [4]