We’re pleased to share Herzfeld’s latest edition of The Discount Perspective, a monthly update focused on discount and premium levels across the closed-end fund universe. Each edition highlights key trends we’re observing and provides context around how market dynamics are evolving.

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We’re pleased to introduce Herzfeld’s Discount Perspective, a new monthly update focused on discount and premium levels across the closed-end fund universe. Each edition highlights key trends we’re observing and provides context around how market dynamics are evolving.

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Morningstar Ratings™ are out for Q4/2025: Thomas J. Herzfeld Advisors, Inc received 5-Star Overall Morningstar Rating™ for four investment strategies.

Last month our Portfolio Manager, Ryan Paylor, spoke on the Money Life podcast (Chuck Jaffe, “Seafarer’s Foster: We’re still in ‘the bottom of the first’ on tariff impacts”, Money Life, Nov. 20, 2025) as part of the Active Investment Company Alliance Round Table in New York City. Ryan discussed our Herzfeld Credit Income Fund, Inc. (NASDAQ: HERZ) which recently transitioned from a strategy focused on investment in the Caribbean Basin under its former ticker symbol CUBA into a strategy centered on investment in collateralized loan obligations (CLOs). He walked through the rationale behind the unique strategy shift and offered insight into how shareholders have responded to the fund’s evolution.

Morningstar Ratings™ are out for Q3/2025: Thomas J. Herzfeld Advisors, Inc received 5-Star Overall Morningstar Rating™ for four investment strategies.