GlobeNewsWire
19 Oct 2026, 21:39 UTC · 5h ago
Herzfeld Credit Income Fund, Inc. Announces Preliminary Tender Offer Results
Impact · against what's priced in
Herzfeld Credit Income Fund's tender offer to buy back shares at a 2.5% discount to NAV provides immediate accretion to remaining shareholders. This capital return activity supports the share price by reducing the share count at a price below intrinsic value.
- HERZ+0.20
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- In context
The fund is purchasing up to 5% of outstanding shares at 97.5% of the October 15 NAV, which increases the equity value for the shareholders who do not tender.
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