Herzfeld Caribbean Basin Fund stockholders approve conversion to CLO Equity strategy

Herzfeld Credit Income Fund, Inc

Stockholders approved CLO Equity Strategy conversion with ~96% of votes cast in favor.
Fund's primary investment objective changed to total return strategy; secondary objective of high current income.
Amended advisory agreement allows fee based on managed assets and an incentive fee.
Changes go into effect July 1, 2025.
Fund will invest in equity and junior debt tranches of CLOs (below investment grade U.S. senior secured loans).

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