HERZ

SEC source: 0001398344-26-006612 · fp0098608-1_4.xml · nonDerivative · entry 2

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,567

SEC source: 0001398344-26-006611 · fp0098608-2_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 197,248

SEC source: 0001398344-26-005941 · fp0098204-1_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 193,638

SEC source: 0001398344-26-006612 · fp0098608-1_4.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,177

SEC source: 0001398344-26-004403 · fp0097841-1_4.xml · nonDerivative · entry 2

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,081

SEC source: 0001398344-26-004400 · fp0097841-2_4.xml · nonDerivative · entry 2

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 190,664

SEC source: 0001398344-26-004403 · fp0097841-1_4.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,041

SEC source: 0001398344-26-004400 · fp0097841-2_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 189,388

SEC source: 0001398344-26-000083 · fp0096748-6_4.xml · nonDerivative · entry 1

TATUM KAY W · CIK 0001416189 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,722

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Ms. K. Tatum received 1,413 shares of common stock of the Fund in connection with the December 2025 Distribution.

F3 · kind: The amount reported represents the estimate number of shares to be received by the reporting person in connection with the cash or stock distribution announced on December 30, 2025. The exact distribution of cash and stock to the reporting person is dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. If necessary, an amended Form 4 will be filed to report the number of shares actually received by the reporting person in connection with the cash or stock distribution once the final allocations are determined.

SEC source: 0001398344-26-000081 · fp0096748-1_4.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 146,987

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Ms. B. Herzfeld received 24,821 shares of common stock of the Fund in connection with the December 2025 Distribution.

F3 · kind: The amount reported represents the estimate number of shares to be received by the reporting person in connection with the cash or stock distribution announced on December 30, 2025. The exact distribution of cash and stock to the reporting person is dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. If necessary, an amended Form 4 will be filed to report the number of shares actually received by the reporting person in connection with the cash or stock distribution once the final allocations are determined.

SEC source: 0001398344-26-000079 · fp0096748-2_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,856,244

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Mr. T. Herzfeld received 313,444 shares of common stock of the Fund in connection with the December 2025 Distribution.

F3 · kind: The amount reported represents the estimate number of shares to be received by the reporting person in connection with the cash or stock distribution announced on December 30, 2025. The exact distribution of cash and stock to the reporting person is dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. If necessary, an amended Form 4 will be filed to report the number of shares actually received by the reporting person in connection with the cash or stock distribution once the final allocations are determined.

SEC source: 0001398344-26-000075 · fp0096748-4_4.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 61,493

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Mr. R. Paylor received 14,670 shares of common stock of the Fund in connection with the December 2025 Distribution.

F3 · kind: The amount reported represents the estimate number of shares to be received by the reporting person in connection with the cash or stock distribution announced on December 30, 2025. The exact distribution of cash and stock to the reporting person is dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. If necessary, an amended Form 4 will be filed to report the number of shares actually received by the reporting person in connection with the cash or stock distribution once the final allocations are determined.

SEC source: 0001398344-26-000076 · fp0096748-7_4.xml · nonDerivative · entry 1

Gelety John A · CIK 0001560467 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,922

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Mr. Gelety received 2,716 shares of common stock of the Fund in connection with the December 2025 Distribution.

F3 · kind: The amount reported represents the estimate number of shares to be received by the reporting person in connection with the cash or stock distribution announced on December 30, 2025. The exact distribution of cash and stock to the reporting person is dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. If necessary, an amended Form 4 will be filed to report the number of shares actually received by the reporting person in connection with the cash or stock distribution once the final allocations are determined.

SEC source: 0001398344-26-000072 · fp0096748-3_4.xml · nonDerivative · entry 1

Herzfeld Erik Mervin · CIK 0001413260 · President · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 714,112

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Mr. E. Herzfeld received 120,583 shares of common stock of the Fund in connection with the December 2025 Distribution.

F3 · kind: The amount reported represents the estimate number of shares to be received by the reporting person in connection with the cash or stock distribution announced on December 30, 2025. The exact distribution of cash and stock to the reporting person is dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. If necessary, an amended Form 4 will be filed to report the number of shares actually received by the reporting person in connection with the cash or stock distribution once the final allocations are determined.

SEC source: 0001398344-26-000174 · fp0096748-5_4.xml · nonDerivative · entry 1

GONDOR CECILIA L · CIK 0001312266 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 53,320

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Ms. C. Gondor received 9,003 shares of common stock of the Fund in connection with the December 2025 Distribution.

SEC source: 0001398344-26-000169 · fp0096808-4_4a.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 59,287

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Mr. R. Paylor received 12,463 shares of common stock of the Fund in connection with the December 2025 Distribution.

SEC source: 0001398344-26-000165 · fp0096808-1_4a.xml · nonDerivative · entry 1

Gelety John A · CIK 0001560467 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,282

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Mr. Gelety received 2,073 shares of common stock of the Fund in connection with the December 2025 Distribution.

SEC source: 0001398344-26-000168 · fp0096808-3_4a.xml · nonDerivative · entry 1

Herzfeld Erik Mervin · CIK 0001413260 · President · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 714,113

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Mr. E. Herzfeld received 120,584 shares of common stock of the Fund in connection with the December 2025 Distribution.

SEC source: 0001398344-26-000164 · fp0096808-2_4a.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 146,985

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Ms. B. Herzfeld received 24,819 shares of common stock of the Fund in connection with the December 2025 Distribution.

SEC source: 0001398344-26-000233 · fp0096843-1_4a.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,856,239

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Mr. T. Herzfeld received 313,439 shares of common stock of the Fund in connection with the December 2025 Distribution.

SEC source: 0001398344-26-000231 · fp0096853-1_4a.xml · nonDerivative · entry 1

TATUM KAY W · CIK 0001416189 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,387

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Ms. K. Tatum received 1,078 shares of common stock of the Fund in connection with the December 2025 Distribution.

SEC source: 0001398344-26-000671 · fp0097079-1_4a.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,856,241

F1 · kind: On December 30, 2025, the Fund paid a distribution, in cash and shares of common stock, of $0.6867 per share owned by each stockholder as of the payment date of December 30, 2025 (the "December 2025 Distribution"). The December 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.

F2 · kind: The remainder of the December 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.5799, which was determined using the volume weighted average price per share of the Fund on December 12, 15 and 16, 2025. Mr. T. Herzfeld received 313,441 shares of common stock of the Fund in connection with the December 2025 Distribution.

SEC source: 0001398344-25-019669 · fp0095979-4_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,542,799

F1 · kind: The amount reported represents the estimated number of shares tendered to Herzfeld Credit Income Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on September 17, 2025 (the "Tender Offer"). The final proration factor for the Tender Offer is 7.2858%.

SEC source: 0001398344-25-019665 · fp0095979-3_4.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 122,166

F1 · kind: The amount reported represents the estimated number of shares tendered to Herzfeld Credit Income Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on September 17, 2025 (the "Tender Offer"). The final proration factor for the Tender Offer is 7.2858%.

SEC source: 0001398344-25-019664 · fp0095979-2_4.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,823

F1 · kind: The amount reported represents the estimated number of shares tendered to Herzfeld Credit Income Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on September 17, 2025 (the "Tender Offer"). The final proration factor for the Tender Offer is 7.2858%.

SEC source: 0001398344-25-019662 · fp0095979-1_4.xml · nonDerivative · entry 1

Herzfeld Erik Mervin · CIK 0001413260 · President · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 593,529

F1 · kind: The amount reported represents the estimated number of shares tendered to Herzfeld Credit Income Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on September 17, 2025 (the "Tender Offer"). The final proration factor for the Tender Offer is 7.2858%.

SEC source: 0001398344-25-012637 · fp0094147-2_4.xml · nonDerivative · entry 1

GONDOR CECILIA L · CIK 0001312266 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,317

F1 · kind: On June 30, 2025, the Fund paid a distribution of $0.2325 per share to stockholders of record on May 23, 2025 in cash and shares of common stock (the "June 2025 Distribution"). The June 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the June 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4618. Ms. C. Gondor received 2,357 shares of common stock of the Fund in connection with the June 2025 Distribution.

SEC source: 0001398344-25-012636 · fp0094147-7_4.xml · nonDerivative · entry 1

LIEFF ANN S · CIK 0000901690 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 43,533

F1 · kind: On June 30, 2025, the Fund paid a distribution of $0.2325 per share to stockholders of record on May 23, 2025 in cash and shares of common stock (the "June 2025 Distribution"). The June 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the June 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4618. Ms. A. Lieff received 3,756 shares of common stock of the Fund in connection with the June 2025 Distribution.

SEC source: 0001398344-25-012635 · fp0094147-4.xml · nonDerivative · entry 1

Gelety John A · CIK 0001560467 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,206

F1 · kind: On June 30, 2025, the Fund paid a distribution of $0.2325 per share to stockholders of record on May 23, 2025 in cash and shares of common stock (the "June 2025 Distribution"). The June 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the June 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4618. Mr. J. Gelety received 775 shares of common stock of the Fund in connection with the June 2025 Distribution.

SEC source: 0001398344-25-012634 · fp0094147-1_4.xml · nonDerivative · entry 1

TATUM KAY W · CIK 0001416189 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,309

F1 · kind: On June 30, 2025, the Fund paid a distribution of $0.2325 per share to stockholders of record on May 23, 2025 in cash and shares of common stock (the "June 2025 Distribution"). The June 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the June 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4618. Ms. K. Tatum received 282 shares of common stock of the Fund in connection with the June 2025 Distribution.

SEC source: 0001398344-25-012633 · fp0094147-5_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,664,037

F1 · kind: On June 30, 2025, the Fund paid a distribution of $0.2325 per share to stockholders of record on May 23, 2025 in cash and shares of common stock (the "June 2025 Distribution"). The June 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the June 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4618. Mr. T. Herzfeld received 90,313 shares of common stock of the Fund in connection with the June 2025 Distribution.

SEC source: 0001398344-25-012632 · fp0094147-3_4.xml · nonDerivative · entry 1

Herzfeld Erik Mervin · CIK 0001413260 · President · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 640,171

F1 · kind: On June 30, 2025, the Fund paid a distribution of $0.2325 per share to stockholders of record on May 23, 2025 in cash and shares of common stock (the "June 2025 Distribution"). The June 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the June 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4618. Mr. E. Herzfeld received 55,241 shares of common stock of the Fund in connection with the June 2025 Distribution.

SEC source: 0001398344-25-012631 · fp0094147-8_4.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,502

F1 · kind: On June 30, 2025, the Fund paid a distribution of $0.2325 per share to stockholders of record on May 23, 2025 in cash and shares of common stock (the "June 2025 Distribution"). The June 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the June 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4618. Mr. R. Paylor received 4,358 shares of common stock of the Fund in connection with the June 2025 Distribution.

SEC source: 0001398344-25-012630 · fp0094147-6_4.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 131,766

F1 · kind: On June 30, 2025, the Fund paid a distribution of $0.2325 per share to stockholders of record on May 23, 2025 in cash and shares of common stock (the "June 2025 Distribution"). The June 2025 Distribution was paid in cash or shares of the Fund's common stock at the election of stockholders with the total amount of cash distributed to all stockholders limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the June 2025 Distribution (approx. 80%) was paid in the form of shares of the Fund's common stock. The exact distribution of cash and stock to any given stockholder was dependent upon their election as well as elections of other stockholders, subject to the pro-rata limitation. The price per share used to calculate the number of shares to be issued in lieu of cash was $2.4618. Ms. B. Herzfeld received 7,009 shares of common stock of the Fund in connection with the June 2025 Distribution.

SEC source: 0001398344-25-006862 · fp0093009-1_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,573,724

SEC source: 0001398344-25-006580 · fp0092901-2.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,572,018

SEC source: 0001398344-25-006579 · fp0092901-1_4.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 124,757

SEC source: 0001398344-25-006421 · fp0092857-1_4.xml · nonDerivative · entry 2

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 123,463

SEC source: 0001398344-25-006420 · fp0092857-2.xml · nonDerivative · entry 2

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,571,237

SEC source: 0001398344-25-006421 · fp0092857-1_4.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 122,856

SEC source: 0001398344-25-006420 · fp0092857-2.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,570,767

SEC source: 0001398344-25-006032 · fp0092801-3.xml · nonDerivative · entry 2

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,570,373

SEC source: 0001398344-25-006030 · fp0092801-1_4.xml · nonDerivative · entry 2

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 122,534

SEC source: 0001398344-25-006032 · fp0092801-3.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,568,223

SEC source: 0001398344-25-006031 · fp0092801-2_4.xml · nonDerivative · entry 1

Paylor Ryan M · CIK 0001767956 · Portfolio Manager

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,144

SEC source: 0001398344-25-006030 · fp0092801-1_4.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 120,843

SEC source: 0001398344-25-005709 · fp0092711-2_4.xml · nonDerivative · entry 1

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,566,549

SEC source: 0001398344-25-005708 · fp0092711-1_4.xml · nonDerivative · entry 1

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 120,028

SEC source: 0001398344-25-005626 · fp0092675-1_4.xml · nonDerivative · entry 2

HERZFELD THOMAS J · CIK 0001310710 · Chairman of the Advisor

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,565,562

SEC source: 0001398344-25-005606 · fp0092675-2_4.xml · nonDerivative · entry 2

Herzfeld Brigitta Suzanne · CIK 0001528207 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 118,598