# EDGAR Filing Document

**Accession Number:** 0000880406
**File Stem:** 0000910472-26-008736
**Filing Date:** 2026-6
**Character Count:** 34353
**Document Hash:** 6635cad7aa700a87f8fc5db79f43abfc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-008736.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000910472-26-008736

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Herzfeld Credit Income Fund, Inc
- **CENTRAL INDEX KEY:** 0000880406

**ORGANIZATION NAME:**
- **EIN:** 650396889
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06445
- **FILM NUMBER:** 261049166

**BUSINESS ADDRESS:**
- **STREET 1:** 119 WASHINGTON AVENUE, SUITE 504
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33139
- **BUSINESS PHONE:** 305-777-1660

**MAIL ADDRESS:**
- **STREET 1:** 119 WASHINGTON AVENUE, SUITE 504
- **CITY:** MIAMI BEACH
- **STATE:** FL
- **ZIP:** 33139

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HERZFELD CARIBBEAN BASIN FUND INC
- **DATE OF NAME CHANGE:** 19930622

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST CUBA FUND INC
- **DATE OF NAME CHANGE:** 19920929

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Herzfeld Credit Income Fund, Inc.** |  |  |
| **Schedule of Investments as of March 31, 2026 (Unaudited)** | **Schedule of Investments as of March 31, 2026 (Unaudited)** |  |
| Shares or Principal Amount | Description | Fair Value |
| **Common Stocks – 9.03% of net assets** |  |  |
| **Banking and Finance – 6.43%** |  |  |
| 170000 | Evermore Bank\*<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2550000 |
| **Communications – 0.09%** |  |  |
| 327559 | Fuego Enterprises, Inc.\*<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328 |
| 207033 | Grupo Radio Centro S.A.B. de C.V.\*<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36966 |
| **Construction and Related – 0.00%** |  |  |
| 20 | Ceramica Carabobo Class A ADR\*<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| **Utilities – 1.54%** |  |  |
| 44320 | Caribbean Utilies Ltd. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609400 |
| 700 | Cuban Electric Company\*<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| **Other – 0.97%** |  |  |
| 55421 | Margo Caribe, Inc.\*<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382405 |
| 79 | Siderurgica Venezolana Sivensa, S.A. Series B\*<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| **Total common stocks** | (cost $2,987,214) | **3579099** |
| **Exchange-Traded Funds – 1.99% of net assets** |  |  |
| 17022 | Simplify Interest Rate Hedge ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786927 |
| **Total exchange-traded funds** | (cost $736,872) | **786927** |
| **Preferred Stock – 3.16% of net assets** |  |  |
| 68403 | Eagle Point Credit Co., Inc., 6.75%, Perpetual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1251775 |
| **Total Preferred Stock** | (cost $1,330,621) | **1251775** |
| **Closed-End Funds – 55.53% of net assets** |  |  |
| 126239 | Carlyle Credit Income Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405227 |
| 386797 | Eagle Point Credit Income Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3651363 |
| 438672 | FS Credit Opportunities Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2237227 |
| 280290 | FS Specialty Lending Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3506428 |
| 148881 | Guggenheim Strategic Opportunities Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1640669 |
| 222539 | Oxford Lane Capital Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2176431 |
| 32990 | PIMCO Access Income Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475386 |
| 81086 | PIMCO Corp. Opportunity Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;977897 |
| 154860 | PIMCO Dynamic Income Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2649655 |
| 66751 | PIMCO Dynamic Income Opportunities Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863090 |
| 61478 | PIMCO Dynamic Income Strategy Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1356205 |
| 154499 | Saba Capital Income & Opportunities Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1041323 |
| 59545 | XAI Octagon Floating Rate & Alternative Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1022983 |
| **Total closed-end funds** | (cost $25,068,263) | **22003884** |
| **Collateralized Fund Obligations Equity – 6.84% of net assets** |  |  |
| 1494722 | Dawson Partners Rated Fund (RD) LP<sup>1,2,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2708477 |
| **Total Collateralized Fund Obligations Equity** | (cost $1,494,722) | **2708477** |
| **Collateralized Fund Obligations Debt – 0.69% of net assets** |  |  |
| 274309 | Dawson Partners Rated Fund, Class C, 12.30%, 11/30/2040<sup>1,2,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274309 |
| **Total Collateralized Fund Obligations Debt** | (cost $272,608) | **274309** |
| **Collateralized Loan Obligations Debt – 2.44% of net assets** |  |  |
| 500000 | Garnet CLO Ltd., Series 2026-5A, Class F, 10.80%, 04/20/2039 (3M SOFR + 709 bps)<sup>1,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495000 |
| 500000 | GoldenTree Loan Management LP, Series 2024-22A, 11.80%, 10/20/2037 (3M SOFR + 792 bps)<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470295 |
| **Total Collateralized Loan Obligations Debt** | (cost $985,400) | **965295** |
| **Collateralized Loan Obligations Equity – 10.79% of net assets** |  |  |
| 1500000 | Brant Point CLO Ltd. Series 2025-9A, Subordinated Notes, 9.71%, 01/20/2039<sup>1,2,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1284150 |
| 1000000 | Diameter Capital CLO Series 2025-12A, 12.97%, 10/20/2038<sup>1,2,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;880000 |
| 1000000 | Garnet CLO Ltd., Series 2026-5A, Subordinated Notes, 8.39%, 04/20/2039<sup>1,2,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840870 |
| 500000 | Invesco CLO Ltd., Series 2022-3X, Class ER, 10.42%, 10/22/2037<sup>2,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468417 |
| 1000000 | OCP CLO Ltd. Series 2025-46A, 8.85%, 10/15/2038<sup>1,2,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800898 |
| **Total Collateralized Loan Obligations Equity** | (cost $4,496,898) | **4274335** |
| **Bonds – 0.00% of net assets** |  |  |
| 165000 | Republic of Cuba - 4.5%, 1977 - in default\*<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| **Total bonds** | (cost $63,038) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| **Money Market Funds – 12.28% of net assets** |  |  |
| 17362 | Federated Hermes Government Obligations Fund, |  |
|  | Institutional Class, 3.53%<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17362 |
| 4850153 | First American Government Obligations Fund, |  |
|  | Class X, 3.58%<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4850153 |
| **Total money market funds** | (cost $4,867,514) | **4867515** |
| **Total investments** | (cost $42,303,149) - 102.75% of net assets | **$40711616** |
| **Liabilities in excess of other assets -** | (2.75)% of net assets | **(1090268)** |
| **Net assets -** | 100% | **$39621348** |
| <sup>1</sup> Securities have been fair valued in good faith, by the Advisor as "valuation designee", using fair value methodology approved by the Board of Directors. Fair valued securities comprised 25.88% of net assets. | <sup>1</sup> Securities have been fair valued in good faith, by the Advisor as "valuation designee", using fair value methodology approved by the Board of Directors. Fair valued securities comprised 25.88% of net assets. | <sup>1</sup> Securities have been fair valued in good faith, by the Advisor as "valuation designee", using fair value methodology approved by the Board of Directors. Fair valued securities comprised 25.88% of net assets. |
| <sup>2</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of March 31, 2026. For securities based on a published referencerate and spread, the reference rate and spread (in basis points) are indicated parenthetically. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities, therefore, do not indicate a reference rate and spread. | <sup>2</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of March 31, 2026. For securities based on a published referencerate and spread, the reference rate and spread (in basis points) are indicated parenthetically. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities, therefore, do not indicate a reference rate and spread. | <sup>2</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of March 31, 2026. For securities based on a published referencerate and spread, the reference rate and spread (in basis points) are indicated parenthetically. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities, therefore, do not indicate a reference rate and spread. |
| <sup>3</sup> Securities exempt from registration under the Securities Act of 1933, and are deemed to be "restricted" securities. As of March 31, 2026, the total fair value of these securities amounts to $8,222,416, which represents 20.75% of net assets.  | <sup>3</sup> Securities exempt from registration under the Securities Act of 1933, and are deemed to be "restricted" securities. As of March 31, 2026, the total fair value of these securities amounts to $8,222,416, which represents 20.75% of net assets.  | <sup>3</sup> Securities exempt from registration under the Securities Act of 1933, and are deemed to be "restricted" securities. As of March 31, 2026, the total fair value of these securities amounts to $8,222,416, which represents 20.75% of net assets.  |
| <sup>4</sup> Rate disclosed is the seven day effective yield as of March 31, 2026. | <sup>4</sup> Rate disclosed is the seven day effective yield as of March 31, 2026. | <sup>4</sup> Rate disclosed is the seven day effective yield as of March 31, 2026. |
| \* Non-income producing | \* Non-income producing | \* Non-income producing |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Herzfeld Caribbean Basin Fund, Inc.

- **b. Investment Company Act file number:** 811-06445

- **c. CIK number of Registrant:** 0000880406

- **d. LEI of Registrant:** 549300ML0K6PRXPULR11

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 119 WASHINGTON AVENUE

  - **City:** MIAMI BEACH

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33139

  - **Telephone number:** 305-777-1660

**Item A.2. Information about the Series.**

- **a. Name of Series:** HERZFELD CREDIT INCOME FUND, INC

- **c. LEI of Series:** 549300ML0K6PRXPULR11

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $39822299.04

**Total Liabilities:** $200951.42

**Net Assets:** $39621347.62

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.93%                | -8.94%               | 0.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14620.98                | $87781.82                                  |
| Month 2  | $-215373.45              | $-2636765.19                               |
| Month 3  | $0.00                    | $-34597.50                                 |

### Schedule of Portfolio Investments

| Name                                               | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                | BRTPT 2025-9A CLO                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1284150.00   | 3.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ceramica Carabobo, S.A.C.A.                        | Ceramica Carabobo S.A.CA                                     | CUSIP: 15671P704<br>LEI: N/A                  | Long             | EC               | CORP              | VE        |        20 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                | Republic of Cuba 4.5%, due 1977                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    165000 | PA      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cuban Electric Co                                  | Cia Cubana de Electricidad                                   | CUSIP: 229615109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       700 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Grupo Radio Centro S A B DE C V                    | Grupo Radio Centro S.A.B. de C.V.                            | CUSIP: P4983X160<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    207033 | NS      | $36966.07     | 0.09%             |  |  |  | No            |                  3 | On Loan: No      |
| DIAMETER CAPITAL CLO 12 LTD                        | DIAMETER CAPITAL CLO 2025-12 20381020 FLT .                  | CUSIP: 25256HAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $880000.00    | 2.22%             | 2038-10-20      | Variable      | 12.97%                | Yes           |                  1 | On Loan: No      |
| Eagle Point Credit Company Inc                     | Eagle Point Credit Company, Inc. Series D                    | CUSIP: 269809802<br>LEI: 549300H82HTZTPXB6822 | Long             | EP               | RF                | US        |     68403 | NS      | $1251774.90   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Point Income Company Inc                     | Eagle Point Income Company, Inc. USD Class                   | CUSIP: 269817102<br>LEI: 549300P8ZFJDPIJWXX37 | Long             | EC               | RF                | US        |    386797 | NS      | $3651363.68   | 9.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FS Credit Opportunities Corp                       | FS Credit Opportunities Corporation                          | CUSIP: 30290Y101<br>LEI: 549300XFGO8P7BHG1O49 | Long             | EC               | RF                | US        |    438672 | NS      | $2237227.20   | 5.65%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                          | First American Government Obligations Fund Class X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   4850153 | PA      | $4850152.71   | 12.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Fuego Enterprises Inc.                             | Fuego Enterprises, Inc.                                      | CUSIP: 35953E201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    327559 | NS      | $327.56       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                | GARNET CLO SUBORD                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $840870.00    | 2.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| N/A                                                | GARNET CLO F                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $495000.00    | 1.25%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GOLDENTREE LOAN MANAGEMENT 24-22X                  | GoldenTree Loan Management 11.80444%, Due 10/20/2037         | CUSIP: 38139HAC0<br>LEI: 254900AWFHWNFOUM2K51 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $470295.00    | 1.19%             | 2037-10-20      | Floating      | 11.80%                | Yes           |                  1 | On Loan: No      |
| Guggenheim Strategic Opportunities Fund            | GUGGENHEIM STRATEGIC OPPORTUNITIES FUND                      | CUSIP: 40167F101<br>LEI: 549300ZOXRKM68J8NB63 | Long             | EC               | RF                | US        |    148881 | NS      | $1640668.62   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Margo Caribe Inc                                   | Margo Caribe, Inc.                                           | CUSIP: 566605101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55421 | NS      | $382404.90    | 0.97%             |  |  |  | No            |                  3 | On Loan: No      |
| Money Market Obligations Trust                     | Federated Government Obligations Fund Institutional Class    | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |     17362 | PA      | $17361.78     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FS Specialty Lending Fund                          | FS Specialty Lending Fund                                    | CUSIP: 644323107<br>LEI: 54930004XHN0QROEGZ58 | Long             | EC               | RF                | US        |    280290 | NS      | $3506427.90   | 8.85%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | OCP CLO Ltd 0.00% Due 10/15/2038                             | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $800898.00    | 2.02%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Oxford Lane Capital Corp                           | Oxford Lane Capital Corporation USD Class                    | CUSIP: 691543847<br>LEI: 549300G3KO4JNQQD7Z72 | Long             | EC               | RF                | US        |    222539 | NS      | $2176431.42   | 5.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO Dynamic Income Strategy Fund                 | Pimco Dynm Inc Strgy-USD Inc Opportunities Fund              | CUSIP: 69346N107<br>LEI: 549300BX5QVFQJENPV35 | Long             | EC               | RF                | US        |     61478 | NS      | $1356204.68   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO Dynamic Income Opportunities Fund            | PIMCO DYNAMIC INCOME OPRNTS FD COM BEN SHS                   | CUSIP: 69355M107<br>LEI: 549300MWJBXCL907ZB49 | Long             | EC               | RF                | US        |     66751 | NS      | $863090.43    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pimco Corporate & Income Opportunity  Fund         | PTY                                                          | CUSIP: 72201B101<br>LEI: HDLWHPN6NOUBN66AS151 | Long             | EC               | RF                | US        |     81086 | NS      | $977897.16    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Pimco Dynamic Income Fd                            | PIMCO DYNAMIC INCOME FUND                                    | CUSIP: 72201Y101<br>LEI: F0MWMXS5YG3P711FB044 | Long             | EC               | RF                | US        |    154860 | NS      | $2649654.60   | 6.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO Access Income Fund                           | PIMCO Access Income Fund                                     | CUSIP: 72203T100<br>LEI: 549300Q20CGGOWTPP823 | Long             | EC               | RF                | US        |     32990 | NS      | $475385.90    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Saba Capital Income & Opportunities Fund           | Saba Capital Income & Opportunities Fund                     | CUSIP: 78518H202<br>LEI: 549300MGSUUJ7E55N746 | Long             | EC               | RF                | US        |    154499 | NS      | $1041323.26   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Sider Venezolana                                   | Siderurgica Venezolana Sivensa S.A.CA                        | CUSIP: 825865702<br>LEI: N/A                  | Long             | EC               | CORP              | VE        |        79 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Simplify Exchange Traded Funds                     | Simplify Interest Rate Hedge ETF USD Class                   | CUSIP: 82889N855<br>LEI: 549300LDDEMEUCZQEO55 | Long             | EC               | RF                | US        |     17022 | NS      | $786927.06    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Credit Income Fund                         | Carlyle Credit Income Fund USD Class                         | CUSIP: 92535C104<br>LEI: 549300LVMWHJGZNVXZ22 | Long             | EC               | RF                | US        |    126239 | NS      | $405227.19    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| XAI Octagon Floating Rate Alternative Income Trust | XAI Octagon Floating Rate Alternative Income Trust USD Class | CUSIP: 98400T304<br>LEI: 549300XT617P63BLW552 | Long             | EC               | RF                | US        |     59545 | NS      | $1022983.10   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | EVERMORE SECONDARY OFFER 06/24/2024                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    170000 | NS      | $2550000.00   | 6.44%             |  |  |  | Yes           |                  3 | On Loan: No      |
| INVESCO CLO 2022-3. LTD.                           | Invesco CLO LTD 10/22/2037                                   | CUSIP: G6451WAE3<br>LEI: 254900JVSF4JLNP9YV71 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $468416.50    | 1.18%             | 2037-10-22      | Variable      | 10.61%                | Yes           |                  2 | On Loan: No      |
| N/A                                                | Dawson Partners Rated Fund (RD) LP                           | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | US        |   1494722 | NS      | $2708477.00   | 6.84%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                | Dawson Partners Rated Fund Class C Due 11/30/2040            | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | US        |    274309 | PA      | $274309.30    | 0.69%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                | Dawson Partners Rated Fund Unfunded Due 11/30/2040           | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | US        |    725691 | PA      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Caribbean Utilities Co Ltd.                        | Caribbean Utilities Company Ltd. Class A                     | CUSIP: G1899E146<br>LEI: 549300JWGMJO03H0G857 | Long             | EC               | CORP              | KY        |     44320 | NS      | $609400.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-30

**Name of Applicant:** Susan McLauchlan

**Signature:** Susan McLauchlan

**Name of Signer:** Susan McLauchlan

**Title:** VP Fund Accounting