Herzfeld Credit Income Fund, Inc. (HERZ) stock declined over -3.99%, trading at $2.65 on NASDAQ, down from the previous close of $2.76. The stock opened at $2.79, fluctuating between $2.61 and $2.83 in the recent session.
The Funds 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.
| Employees | 0 |
| Beta | 0.81 |
| Sales or Revenue | N/A |
| 5Y Sales Change% | N/A |
| Fiscal Year Ends | N/A |
| Sector | Financial Services |
| Industry | Asset Management |
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