HERZ

Herzfeld Credit Income Fund, Inc. operates as a closed-end management investment company that primarily invests in U.S. dollar-denominated debt securities. The fund focuses on generating current income and capital appreciation by investing in a diversified portfolio of credit instruments, including corporate bonds, convertible securities, preferred stocks, and other fixed-income securities. Managed by Herzfeld/Cuba, the fund employs a research-intensive approach to identify undervalued or mispriced debt securities across various sectors and credit ratings. The portfolio typically maintains exposure to both investment-grade and below-investment-grade securities, with a particular emphasis on securities that offer attractive risk-adjusted returns. As a closed-end fund, HERZ trades on the New York Stock Exchange and provides monthly distributions to shareholders. The fund's investment strategy incorporates fundamental credit analysis and macroeconomic research to navigate changing market conditions and interest rate environments. The management team leverages decades of experience in credit markets to construct a portfolio designed to balance income generation with capital preservation. Recent portfolio activity reflects adjustments to sector allocations in response to evolving credit market dynamics and opportunities in corporate restructurings. The fund maintains a disciplined approach to risk management while seeking to capitalize on inefficiencies in the fixed-income markets through active portfolio management and security selection.