Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 30)*
|
Herzfeld Credit Income Fund, Inc. (Name of Issuer) |
Common Stock (Title of Class of Securities) |
42804T106 (CUSIP Number) |
Thomas K. Morgan 119 Washington Ave., Suite 504 Miami Beach, FL, 33139 (305) 777-1660 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
12/09/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | 42804T106 |
| 1 |
Name of reporting person
Thomas J. Herzfeld, et al. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF, OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
7,453,704.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
46.4 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN, IA |
SCHEDULE 13D
|
| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Common Stock |
| (b) | Name of Issuer:
Herzfeld Credit Income Fund, Inc. |
| (c) | Address of Issuer's Principal Executive Offices:
119 Washington Ave., Suite 504, Miami Beach,
FLORIDA
, 33139. |
| Item 5. | Interest in Securities of the Issuer |
| (a) | The aggregate number of shares of common stock to which this Schedule 13D relates is 7,453,704 shares representing 46.40% of the 16,063,219 shares outstanding as reported by the issuer as of December 11, 2025. |
| (b) | With respect to the shares of common stock owned individually, the Reporting Person beneficially owns with sole power to vote and dispose of 1,542,799 shares of common stock. With respect to the Accounts, the Reporting Person beneficially owns with shared power to vote and/or dispose of 5,910,905 shares of common stock. |
| (c) |
Tender Offer: On October 21, 2025, the Herzfeld Credit Income Fund, Inc. (the "Fund") announced the final results of a cash tender offer to purchase up to 5%, or 845,433 shares, of its outstanding shares of common stock (the "Shares") at 97.5% of the Fund's net asset value ("NAV") as of the close of ordinary trading on the NASDAQ Capital Market (the "NASDAQ") on October 15, 2025, the expiration date (the "Tender Offer"). The Reporting Person properly tendered 1,664,037 Shares prior to the expiration date of the Tender Offer. Under the terms and conditions of the Tender Offer, because the number of Shares properly tendered exceeded the number of Shares offered to purchase, the Fund purchased Shares properly tendered on a pro-rata basis, subject to rounding adjustment to avoid the purchase of fractional shares, of 7.2858%, which is the number of Shares purchased (845,433) divided by the number of Shares properly tendered by all participating stockholders of the Fund (11,603,885). Pursuant to the Tender Offer, the Fund purchased 121,238 of the Reporting Person's tendered Shares at $3.5935 per Share. On October 23, 2025 through open market transactions, the Advisory clients purchased 22,736 shares at $2.3457. On October 24, 2025, through open market transactions, the Advisory clients purchased 627 shares at $2.36. On October 27, 2025, through open market transactions, the Advisory clients purchased 3,554 shares at $2.35. On October 28, 2025, through open market transactions, the Advisory clients purchased 701 shares at $2.3493. On November 3, 2025, through open market transactions, the Advisory clients purchased 2,020 shares at $2.2798. On November 5, 2025, through open market transactions, the Advisory clients sold 60,000 shares at $2.28. On November 11, 2025, through open market transactions, the Advisory clients purchased 4,322 shares at $2.3932. On November 12, 2025, through open market transactions, the Advisory clients sold 7,087 shares at $2.40. On November 13, 2025, through open market transactions, the Advisory clients sold 6,259 shares at $2.4301. On November 14, 2025, through open market transactions, the Advisory clients purchased 4,687 shares at $2.4312. On November 17, 2025, through open market transactions, the Advisory clients purchased 2,528 shares at $2.51. On November 19, 2025, through open market transactions, the Advisory clients purchased 1,250 shares at $2.52. On December 9, 2025, through open market transactions, the Advisory clients sold 45,169 shares at $2.5979. On December 10, 2025, through open market transactions, the Advisory clients sold 12,390 shares at $2.5511. |
| (d) | The owner of each of the Accounts individually has the right to receive and the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of common stock. To date no owner of an Account holds more than 5% of the Issuer's common shares. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
|
|
|