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
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 24)*
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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) |
12/22/2025 (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
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| CUSIP No. | 42804T106 |
| 1 |
Name of reporting person
Erik M. Herzfeld, et al. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 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)
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| 6 | Citizenship or place of organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
6,256,954.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
38.95 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN, IA |
SCHEDULE 13D
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| 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 6,256,954 shares representing 38.95% of the 16,063,219 shares outstanding as reported by the issuer as of December 22, 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 593,529 shares of common stock. With respect to the Accounts, the Reporting Person beneficially owns with shared power to vote and/or dispose of 5,663,425 shares of common stock. |
| (c) |
On December 15, 2025 through open market transactions, the Advisory clients sold 16,679 shares at $2.5709. On December 16, 2025 through open market transactions, the Advisory clients sold 2,818 shares at $ 2.5732. On December 17, 2025 through open market transactions, the Advisory clients sold 4,260 shares at $2.58. On December 18, 2025 through open market transactions, the Advisory clients sold 111,355 shares at $2.61. On December 22, 2025 through open market transactions, the Advisory clients sold 22,367 share at $ 2.5804. On December 23, 2025 through open market transactions, the Advisory clients sold 33,496 share at $ 2.5853. |
| 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.
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