Herzfeld Credit Income Fund, Inc. Announces Final Tender Offer Results
Herzfeld Credit Income Fund completed its cash tender offer, accepting 100,886 shares — the 5% cap — out of 1,441,647 shares properly tendered. The offer was heavily oversubscribed, with a pro-ration factor of just 6.99895%; shareholders will receive $18.2033 per share, equal to 97.5% of the fund's NAV as of October 15, 2026.
Key figures
- Offering Price
- 18.2033
- Shares Offered
- 100886
- Nav date
- 2026-10-15
- Pro ration factor
- 6.99895%
- Shares properly tendered
- 1441647
- Purchase price pct of nav
- 97.5%
- Outstanding shares after offer
- 1920989
AI analysis
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