{"id":927958,"date":"2026-01-15T16:33:33","date_gmt":"2026-01-15T21:33:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/herzfeld-credit-income-fund-inc-announces-reverse-stock-split\/"},"modified":"2026-01-15T16:33:33","modified_gmt":"2026-01-15T21:33:33","slug":"herzfeld-credit-income-fund-inc-announces-reverse-stock-split","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/herzfeld-credit-income-fund-inc-announces-reverse-stock-split\/","title":{"rendered":"Herzfeld Credit Income Fund, Inc. Announces Reverse Stock Split"},"content":{"rendered":"
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MIAMI BEACH, Fla., Jan. 15, 2026 (GLOBE NEWSWIRE) — Herzfeld Credit Income Fund, Inc. (NASDAQ: HERZ) (the \u201cFund\u201d) today announced that its Board of Directors has approved implementation of a reverse stock split (the \u201cReverse Split\u201d) of the Fund\u2019s common stock, par value $0.001 per share (\u201cCommon Stock\u201d). As a result of the Reverse Split, every ten (10) shares of Common Stock will be automatically combined into one (1) issued and outstanding share of Common Stock, without any change in the par value per share. Trading of the Common Stock will continue on the Nasdaq Capital Market under the symbol \u201cHERZ\u201d, but the new CUSIP number for the Common Stock following the Reverse Split will be 42804T205 effective at 5:00pm eastern time on February 6, 2026.<\/p>\n

No fractional shares of Common Stock will be issued as a result of the Reverse Split. Instead, any shareholder who would have been entitled to receive a fractional share as a result of the Reverse Split will receive one whole share in lieu of such fractional shares. The Reverse Split affects all shareholders uniformly and will not alter any shareholder\u2019s percentage interest in the Fund\u2019s outstanding Common Stock, except for adjustments that may result from the treatment of fractional shares. The number of authorized shares of Common Stock under the Fund\u2019s Articles of Incorporation, as amended, will remain unchanged at 100,000,000 shares of Common Stock.<\/p>\n

Holders of the Common Stock held in book-entry form or through a bank, broker or other nominee do not need to take any action in connection with the Reverse Split. Shareholders of record will receive information from the Company\u2019s transfer agent, Equiniti Trust Company, LLC, regarding their post-split Common Stock ownership. Stockholders holding shares of Common Stock in certificate form will receive a transmittal letter from Equiniti Trust Company, LLC, accompanied by instructions specifying how to exchange old stock certificates for new book entry shares.<\/p>\n

The Fund\u2019s Board of Directors approved the Reverse Split upon recommendation of the Fund\u2019s investment manager, Thomas J. Herzfeld Advisors, Inc. (the \u201cInvestment Manager\u201d). In recommending the Reverse Split, the Investment Manager noted that the Reverse Split is designed to:<\/p>\n