Herzfeld Credit Income Fund, Inc.

Frequently Asked Questions About HERZ

What does HERZ invest in?

The Fund’s primary investment objective is to maximize risk adjusted total returns with a secondary objective of generating high current income for stockholders. In accordance with the change in investment objective, the Fund will focus on investing in equity and junior debt tranches of collateralized loan obligations, or “CLOs”. CLOs are portfolios of collateralized loans consisting primarily of below investment grade U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors.

What is the expense ratio of HERZ?

Herzfeld Credit Income Fund, Inc. (HERZ) charges an expense ratio of 3.57%. This is the annual fee deducted from fund assets to cover management and operations.

What is HERZ's dividend yield?

HERZ's trailing-twelve-month yield is 53.11%, calculated from the sum of dividends over the past year divided by the current price.

How big is HERZ?

Herzfeld Credit Income Fund, Inc. (HERZ) manages $31.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is HERZ actively managed or an index fund?

HERZ's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was HERZ launched?

Herzfeld Credit Income Fund, Inc. (HERZ) launched in May 1994 and is managed by the fund issuer.