Herzfeld Credit Income Fund, Inc. Announces Preliminary Tender Offer Results
Herzfeld Credit Income Fund announced preliminary tender offer results: 1,445,539 shares were properly tendered against an offer to purchase up to 5% of outstanding shares, or 100,886 shares. Shares will be purchased at $18.2033 per share, equal to 97.5% of NAV as of October 15, 2026, with pro-rata allocation because the offer is oversubscribed roughly 14-to-1.
Key figures
- Nav date
- 2026-10-15
- Proration
- pro-rata (approx. 7% of tendered shares expected to be accepted)
- Tender offer size pct
- 5%
- Purchase price per share
- 18.2033
- Shares properly tendered
- 1445539
- Purchase price pct of nav
- 97.5%
- Shares offered to purchase
- 100886
AI analysis
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