Herzfeld Credit Income Fund Launches Tender Offer for Shares
Herzfeld Credit Income Fund Announces Tender Offer
Thomas J. Herzfeld Advisors, Inc., a reputable SEC-registered investment advisory firm, is excited to announce a significant step for the Herzfeld Credit Income Fund, Inc. (NASDAQ: HERZ). They have commenced a tender offer that allows them to purchase up to 5% of their outstanding common shares at an attractive price of 97.5% of Net Asset Value (NAV). This initiative highlights the Fund's commitment to maximizing shareholder value and engaging effectively with its investors.
Details of the Tender Offer
The tender offer was officially announced recently and presents shareholders an opportunity to sell their shares back to the Fund. With the terms set for the purchase at 97.5% of NAV, this creates a compelling reason for shareholders to consider participating in this offer. The NAV will be determined as of the close of trading on a specified date. This method of repurchasing shares aims to enhance the Fund's overall market position by possibly reducing the trading discount the shares may currently present.
Important Information for Shareholders
Shareholders are encouraged to thoroughly review the Offer to Purchase document associated with the tender offer, along with the Letter of Transmittal. These documents are vital as they provide necessary details and conditions that are crucial for understanding the tender offer process. They are available without charge through public resources, including the website of the Securities and Exchange Commission (SEC).
How to Request More Information
For anyone looking for further insights or additional copies of the offer materials, the Information Agent for this tender offer, EQ Fund Solutions, LLC, is available to assist. Shareholders can reach them with inquiries at the designated contact number.
About Thomas J. Herzfeld Advisors, Inc.
Founded in 1984, Thomas J. Herzfeld Advisors, Inc. has established itself as a trusted investment advisor, especially in the niche sector of closed-end funds. Their expertise in investment analysis and management is widely recognized, making them a go-to choice for investors looking for reliable advisory services.
Investment Considerations
It’s essential to note that investing in the Herzfeld Credit Income Fund or any similar financial vehicle carries inherent risks. Market fluctuations can affect the value of an investment, and shares of closed-end funds often trade at varying discounts relative to their net asset values. Therefore, investors should assess their financial objectives, risk tolerance, and the overall market landscape before making any decisions related to investment or divestment.
Navigating Investment Risks
As with any investment, understanding the associated risks, charges, and expenses is critical. For prospective investors and current shareholders, diving into the Fund's disclosure documents and annual reports will provide a clearer picture of the risks involved.
Contact Information for Inquiries
The Chief Compliance Officer of Thomas J. Herzfeld Advisors, Inc., Tom Morgan, is available for any compliance-related questions or feedback. Interested parties are welcome to reach out directly for professional assistance.
Frequently Asked Questions
What is the tender offer for Herzfeld Credit Income Fund?
The tender offer allows shareholders to sell up to 5% of their outstanding shares back to the Fund at 97.5% of NAV.
Who can participate in the tender offer?
Shareholders of the Herzfeld Credit Income Fund may choose to participate in the tender offer.
How should shareholders approach the tender offer?
Shareholders should carefully read the Offer to Purchase and related documents to understand all terms and conditions.
Who can provide more information regarding the tender offer?
EQ Fund Solutions, LLC, serves as the Information Agent and can address any questions about the tender offer.
What is Thomas J. Herzfeld Advisors, Inc. known for?
The firm specializes in closed-end fund management and has been a registered investment advisor since 1984.
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