Herzfeld Credit Income Fund, Inc SC TO-I, filed Oct 15, 2024

Herzfeld Credit Income Fund, Inc (HERZ)

SC TO-I 2024-10-15

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Name		Position
Thomas J. Herzfeld		Chairman of Board of Directors
Cecilia L. Gondor		Director
Kay W. Tatum, Ph.D., CPA		Director
John A. Gelety		Director
Ann S. Lieff		Director
Erik M. Herzfeld		President
Thomas K. Morgan		Chief Compliance Officer
Zachary P. Richmond		Treasurer
Alice H. Tham		Secretary

		The Herzfeld Caribbean Basin Fund, Inc.

Dated as of: October 15, 2024	By:	/s/ Erik M. Herzfeld
	Name:	Erik M. Herzfeld
	Title:	President


Section		Page
Summary Term Sheet		i
1.	Price; Number of Shares	1
2.	Procedures for Tendering Shares	1
3.	Withdrawal Rights	4
4.	Payment for Shares	5
5.	Certain Conditions of the Offer	6
6.	Purpose of the Offer	6
7.	Plans or Proposals of the Fund	6
8.	Price Range of Shares	7
9.	Interest of Directors and Executive Officers; Transactions and Arrangements Concerning the Shares	7
10.	Certain Effects of the Offer	9
11.	Source and Amount of Funds	10
12.	Certain Information About the Fund	10
13.	Additional Information	11
14.	Certain Federal Income Tax Consequences	11
15.	Extension of Tender Period; Termination; Amendments	15
16.	Fees and Expenses	15
17.	Miscellaneous	15


	Price		NAV		Premium/(Discount)
Quarter Ended	High	Low	High	Low	High	Low
9/30/2024	$2.42	$2.19	$3.25	$2.89	-22.18%	-28.39%
6/30/2024	$2.59	$2.28	$3.49	$3.02	-23.83%	-27.56%
3/31/2024	$2.89	$2.56	$3.58	$3.25	-18.16%	-26.29%
12/31/2023	$3.40	$2.25	$5.24	$3.49	-19.66%	-52.33%
9/30/2023	$4.06	$3.31	$5.18	$4.50	-18.94%	-27.39%
6/30/2023	$3.95	$3.59	$4.97	$4.48	-15.96%	-21.53%
3/31/2023	$4.31	$3.60	$5.19	$4.36	-16.15%	-20.57%
12/31/2022	$4.36	$3.63	$5.20	$4.51	-14.92%	-20.29%
9/30/2022	$4.99	$3.62	$5.52	$4.48	-8.61%	-20.94%


Name		Shares of Common Stock Beneficially Owned
Directors
Thomas J. Herzfeld		1,590,111
Cecilia L. Gondor		41,960
Kay W. Tatum, Ph.D., CPA		5,027
John A. Gelety		6,434
Ann S. Lieff		36,358

Executive Officers
Erik M. Herzfeld		442,270
Thomas K. Morgan		0
Zachary P. Richmond		0
Alice H. Tham		0


DESCRIPTION OF SHARES SURRENDERED
Name(s) and Address(es) of Registered Owner(s) (If blank, please fill in exactly as name(s) appear(s) on share certificate(s))	Shares Surrendered (attached additional list if necessary)
	Certificated Shares**
	Certificate Number(s)*	Total Number of Shares Represented by Certificate(s)*	Number of Shares Surrendered **	Book Entry Shares Surrendered	DRIP shares to be tendered











	Total Shares
	Need not be completed by book-entry stockholders. *Unless otherwise indicated, it will be assumed that all shares of common stock represented by certificates described above are being surrendered hereby.



	CHECK HERE IF TENDERED SHARES ARE BEING DELIVERED BY BOOK-ENTRY TRANSFER TO THE ACCOUNT MAINTAINED BY THE DEPOSITARY WITH DTC AND COMPLETE THE FOLLOWING (ONLY FINANCIAL INSTITUTIONS THAT ARE PARTICIPANTS IN DTC MAY DELIVER SHARES BY BOOK-ENTRY TRANSFER):
	Name of Tendering Institution:

	DTC Participant Number:

	Transaction Code Number:


	CHECK HERE IF TENDERED SHARES ARE BEING DELIVERED PURSUANT TO A NOTICE OF GUARANTEED DELIVERY PREVIOUSLY SENT TO THE DEPOSITARY AND COMPLETE THE FOLLOWING (PLEASE ENCLOSE A PHOTOCOPY OF SUCH NOTICE OF GUARANTEED DELIVERY):
	Name(s) of Registered Owner(s):

	Window Ticket Number (if any) or DTC Participant Number:

	Date of Execution of Notice of Guaranteed Delivery:

	Name of Institution which Guaranteed Delivery:


Issue:  Check and/or  Share Certificates to:

Name:
	(Please Print)

Address:



	(Include Zip Code)


	(Tax Identification or Social Security Number)

	Credit Shares tendered by book-entry transfer that are not accepted for payment to the DTC account set forth below.


	(DTC Account Number)


Deliver:  Check(s) and/or  Share Certificates to:

Name:
	(Please Print)

Address:



	(Include Zip Code)


Name of Firm:


	(Include Zip Code)

Authorized Signature:

Name:

	(Please Type or Print)

Area Code and Telephone Number:
Dated: __________, 2024


	Place medallion guarantee in space below:


SUBSTITUTE FORM W-9 Department of the Treasury Internal Revenue Service	Part 1 — PLEASE PROVIDE YOUR TIN IN THE BOX AT RIGHT AND CERTIFY BY SIGNING AND DATING BELOW	Social Security Number OR Employer Identification Number
	Part 2 — Check appropriate box for federal tax classification; check only one:  Individual/Sole Proprietor  C Corporation  S Corporation  Partnership ¨Trust/estate  Limited Liability Company:  Other (please specify) _______________________	For Limited Liability Companies, please enter the appropriate tax classification on the line provided next to the phrase “Limited Liability Company”: C = C Corporation S = S Corporation P = Partnership Note: Do not check Limited Liability Company if the LLC is classified as a single member LLC disregarded from its owner unless the LLC is owned by another LLC that is not disregarded from its owner. Otherwise, check the appropriate box its owner.
	Part 3 — FOR PAYEES EXEMPT FROM BACKUP WITHHOLDING AND FATCA REPORTING (See Page 2 of enclosed Guidelines)	Exempt Payee Code (if any) __________________ Exemption from FATCA Reporting Code (if any) __________________
Payer’s Request for Taxpayer Identification Number (TIN) and Certification	Part 4 — Certification Under Penalties of Perjury, I certify that: (1)The number shown on this form is my current taxpayer identification number (or I am waiting for a number to be issued to me), (2)I am not subject to backup withholding either because I have not been notified by the Internal Revenue Service (the “IRS”) that I am subject to backup withholding as a result of failure to report all interest or dividends, or the IRS has notified me that I am no longer subject to backup withholding, (3)I am a U.S. person (including a U.S. resident alien), and (4)The FATCA code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correct.	Part 5 — Awaiting TIN


	Certification instructions - You must cross out item (2) in Part 4 above if you have been notified by the IRS that you are subject to backup withholding because of underreporting interest or dividends on your tax return. However, if after being notified by the IRS that you are subject to backup withholding you receive another notification from the IRS stating that you are no longer subject to backup withholding, do not cross out item (2).
	SIGNATURE
	DATE
	NAME
	ADDRESS
	CITY
	STATE
	ZIP CODE


	Very truly yours,

	THE HERZFELD CARIBBEAN BASIN FUND, INC.

	Erik M. Herzfeld
	President and Portfolio Manager

Number of Shares Tendered:
Certificate Nos. (if available):

If Shares will be tendered by book-entry transfer, check box: ☐ The Depository Trust Company
Account Number:
Name(s) of Record Holders(s)

Address:

Area Code and Telephone Number:

Taxpayer Identification (Social Security) Number:

Dated:____________________________, 2024
Signature(s)


For this type of account:			Give the SOCIAL SECURITY number of -	For this type of account:		Give the EMPLOYER IDENTIFICATION number of -
1.	An individual’s account		The individual	9.	Sole proprietorship account or disregarded entity owned by one person	The owner⁽⁴⁾

2.	Two or more individuals (joint account)		The actual owner of the account or, if combined funds, the first individual on the account⁽¹⁾	10.	A valid trust, estate or pension trust	The legal entity⁽⁵⁾

3.	Husband and wife (joint account)		The actual owner of the account or, if joint funds, the first individual on the account⁽¹⁾	11.	Corporate account or LLC electing corporate status	The corporation

4.	Custodian account of a minor (Uniform Gift to Minors Act)		The minor⁽²⁾	12.	Religious, charitable, or educational organization account	The organization

5.	Adult and minor (joint account)		The adult or, if the minor is the only contributor, the minor⁽¹⁾	13.	Partnership or multi-member LLC account	The partnership

6.	Account in the name of guardian or committee for a designated ward, minor, or incompetent person		The ward, minor, or incompetent person⁽³⁾	14.	Association, club, or other tax-exempt organization	The organization

7.	a.	The usual revocable savings trust account (grantor is also trustee)	The grantor-trustee⁽¹⁾	15.	A broker or registered nominee	The broker or nominee

	b.	So-called trust account that is not a legal or valid trust under state law	The actual owner⁽¹⁾	16.	Account with the Department of Agriculture in the name of a public entity (such as a state or local government, school district, or prison) that receives agricultural program payments	The public entity

8.		Grantor Trust filing under Optional Form 1099 Filing Method 1 (see Regulations section 1.671-4(b)(2)(i)(A))	The grantor*


Name of Firm:

		(AUTHORIZED SIGNATURE)
Address:	Name:
		(PLEASE PRINT)

	Title:
Area Code and Tel. No.:	Dated:		, 2024