HERZ

Herzfeld Credit Income Fund, Inc.  Announces Distribution Payment

Herzfeld Credit Income Fund expands CLO-focused strategy with new monthly distribution

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;link type=&quot;text/css&quot; rel=&quot;stylesheet&quot; href=&quot;https://www.globenewswire.com/styles/gnw_nitf.css&quot;&gt;&lt;/li...</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Herzfeld Credit Income Fund announced continued monthly distributions under its new CLO- and credit-focused strategy, including a $0.17 per-share payout on June 30, 2026. NAV was $19.70 as of May 31, 2026, with a 10.36% current distribution yield and 36.58% of NAV distributed year-to-date. The shift toward credit-related instruments implies higher income potential but also elevated credit and liquidity risk for investors.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>HERZ expands into credit-related instruments with monthly distributions.</li><li>Per-share distribution of $0.17 for the 06/30/2026 payment date.</li><li>NAV is $19.70 as of 05/31/2026; current distribution yield 10.36%.</li><li>5-year return of -8.28%; cumulative distributions year-to-date 36.58% of NAV.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Herzfeld Credit Income Fund, Inc. (HERZ)</strong>: Fund subject of the release; distributions and CLO-focused strategy influence yield and risk profile.</li><li><strong>Thomas J. Herzfeld Advisors, Inc. (N/A)</strong>: Investment adviser; strategy shift to credit-related instruments shapes FUND’s risk/return profile.</li><li><strong>Thomas K. Morgan (N/A)</strong>: Chief Compliance Officer cited; provides procedural context but not a market driver.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The release centers on distribution activity and strategic shift to credit/CLOs within a closed-end fund, impacting income-focused investors and fund-portfolio risk dynamics.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Monthly distribution per share of $0.17 supports income-focused demand.</li><li>NAV at $19.70 (05/31/2026) provides reference for price vs NAV dynamics.</li><li>CLO/Credit strategy raises credit risk but may improve current income.</li><li>5-year return is negative (-8.28%), limiting upside without higher yields.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Declaration Date: 04/14/2026; Ex-Date: 06/16/2026; Record Date: 06/16/2026; Payment Date: 06/30/2026; Per Share: $0.17.</li><li>NAV per share as of 05/31/2026: $19.70.</li><li>Current distribution yield as of 05/31/2026: 10.36%.</li><li>Cumulative distributions for the fiscal year to date: 36.58% of NAV.</li><li>5-year average total return (ending May 31, 2026): -8.28%.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Maintain exposure to HERZ for current income; monitor distribution sustainability and CLO exposure over the next 2–4 quarters.</p>
  </section>
</section>


<article>
  <h2>Herzfeld Credit Income Fund, Inc. Announces Distribution Payment</h2>

  <section>
    <p>MIAMI BEACH, Fla., June 30, 2026 (GLOBE NEWSWIRE) — Herzfeld Credit Income Fund, Inc. (NASDAQ: HERZ) (the "Fund") today announced that the Fund has made a monthly distribution of net income and realized capital gains since the implementation of its new investment strategy focused on investment in credit related instruments.</p>
  </section>

  <section>
    <h3>Distribution Declaration Details</h3>
    <table>
      <thead>
        <tr>
          <th>Declaration Date</th>
          <th>Ex-Date</th>
          <th>Record Date</th>
          <th>Payment Date</th>
          <th>Per Share</th>
        </tr>
      </thead>
      <tbody>
        <tr>
          <td><strong>04/14/2026</strong></td>
          <td><strong>06/16/2026</strong></td>
          <td><strong>06/16/2026</strong></td>
          <td><strong>06/30/2026</strong></td>
          <td><strong>$0.17</strong></td>
        </tr>
      </tbody>
    </table>

    <p>The following table sets forth the estimated amounts of the current distribution and the cumulative distributions declared this fiscal year to date from the following sources: net investment income, net realized capital gains and return of capital. All amounts are expressed on a per common share basis.</p>
  </section>

  <section>
    <h3>Distribution Sources and Year-to-Date Totals</h3>
    <table>
      <thead>
        <tr>
          <th>Source</th>
          <th>Current Distribution</th>
          <th>% Breakdown of Current Distribution</th>
          <th>Total Cumulative Distributions for the Fiscal Year to Date</th>
          <th>% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date</th>
        </tr>
      </thead>
      <tbody>
        <tr>
          <td>Net Investment Income</td>
          <td><strong>$0.17</strong></td>
          <td><strong>100%</strong></td>
          <td><strong>$0.51</strong></td>
          <td><strong>6.91%</strong></td>
        </tr>
        <tr>
          <td>Net Realized Short-Term Capital Gains</td>
          <td><strong>$0.00</strong></td>
          <td><strong>0%</strong></td>
          <td><strong>$0.00</strong></td>
          <td>&nbsp;</td>
        </tr>
      </tbody>
    </table>
  </section>

  <section>
    <h3>Key Takeaways</h3>
    <ul>
      <li><strong>Current distribution per share</strong>: $0.17</li>
      <li><strong>Year-to-date distributions per share</strong>: $0.51</li>
      <li><strong>Source of current distribution</strong>: Net Investment Income accounted for 100% of the current distribution</li>
      <li><strong>Net Realized Short-Term Capital Gains</strong>: current distribution $0.00; year-to-date $0.00</li>
      <li><strong>Ticker</strong>: HERZ (Herzfeld Credit Income Fund, Inc.)</li>
    </ul>
  </section>
</article>

Herzfeld Credit Income Fund announced continued monthly distributions under its new CLO- and credit-focused strategy, including a $0.17 per-share payout on June 30, 2026. NAV was $19.70 as of May 31, 2026, with a 10.36% current distribution yield and 36.58% of NAV distributed year-to-date. The shift toward credit-related instruments implies higher income potential but also elevated credit and liquidity risk for investors.

Herzfeld Credit Income Fund, Inc. Announces Distribution Payment

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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