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HERZ 424B3: Secondary offering

Herzfeld Credit Income Fund, Inc.

Filed with the SEC on · accession 0001398344-26-012110

HERZ filed a 424B3 (prospectus (offering)) with the SEC on Jul 13, 2026. The final terms of an offering of shares or bonds. The stock moved -0.4% by the first close after the filing.

Summary of the filing

Herzfeld Credit Income Fund, Inc. filed a prospectus supplement to offer up to $109,000,000 of common stock and subscription rights, following shareholder approval of a change to a CLO equity strategy.

For details, click here →How to read a 424B3 →

Key details

Maximum offering amount$109.0M
Net asset value per share as of April 30, 2026$20
Total net assets as of April 30, 2026$39.9M
IssuerHerzfeld Credit Income Fund, Inc.
Investment adviserThomas J. Herzfeld Advisors, Inc.

How HERZ stock reacted

Close before

$17.07

Jul 10, 2026

First close after

-0.35%

$17.01

5 trading days

-2.46%

$16.65

Since filing

-20.39%

$13.59

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Frequently asked questions

What did HERZ file with the SEC on Jul 13, 2026?

HERZ filed a 424B3 (Secondary offering). Herzfeld Credit Income Fund, Inc. filed a prospectus supplement to offer up to $109,000,000 of common stock and subscription rights, following shareholder approval of a change to a CLO equity strategy.

What does a secondary offering mean for HERZ stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did HERZ stock react to this filing?

HERZ closed at $17.07 before the filing and $17.01 on Jul 13, 2026 (-0.35%). Five trading days later: $16.65 (-2.46%).

Other HERZ SEC filings

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