Sierra Income Corporation (“Sierra” or the “Company”) today announced
that its Board of Directors declared a series of semi-monthly
distributions for July, August and September 2018 of $0.02667 per share.
Stockholders of record as of each respective record date will be
entitled to receive the distribution. Below are the details for each
Amount Per Share
About Sierra Income Corporation
Sierra is a non-traded business development company that invests
primarily in first lien senior secured debt, second lien secured debt
and, to a lesser extent, subordinated debt of middle market companies in
a broad range of industries with annual revenue between $50 million and
$1 billion. Sierra’s investment objective is to generate current income,
and to a lesser extent, long-term capital appreciation. Sierra is
externally managed by SIC Advisors LLC, which is an investment adviser
registered under the Investment Advisers Act of 1940, as amended. For
additional information, please visit Sierra Income Corporation at www.sierraincomecorp.com.
About SIC Advisors LLC
SIC Advisors LLC is an affiliate of Medley Management Inc. (NYSE: MDLY)
(“Medley”). Medley is an alternative asset management firm offering
yield solutions to retail and institutional investors. Medley’s national
direct origination franchise, with over 75 people, is a premier provider
of capital to the middle market in the U.S. Medley has over $5 billion
of assets under management in two business development companies, Medley
Capital Corporation (NYSE: MCC) (TASE: MCC) and Sierra Income
Corporation, a credit interval fund, Sierra Total Return Fund (NASDAQ:
SRNTX) and several private investment vehicles. Over the past 15 years,
we have provided capital to over 400 companies across 35 industries in
North America1. For additional information, please visit
Medley Management Inc. at www.mdly.com.
Medley LLC, the operating company of Medley Management Inc., has
outstanding bonds which trade on the New York Stock Exchange under the
symbols (NYSE:MDLX) and (NYSE:MDLQ). Medley Capital Corporation is
dual-listed on the New York Stock Exchange (NYSE:MCC) and the Tel Aviv
Stock Exchange (TASE: MCC) and has outstanding bonds which trade on both
the New York Stock Exchange under the symbols (NYSE:MCV), (NYSE:MCX) and
the Tel Aviv Stock Exchange under the symbol (TASE: MCC.B1).
This press release contains forward-looking statements within the
meaning of the federal securities laws and regulations. These
forward-looking statements are identified by their use of terms and
phrases such as “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,”
“should,” “will” and other similar terms and phrases, including
references to assumptions and forecasts of future results.
Forward-looking statements are not guarantees of future performance and
involve known and unknown risks, uncertainties and other factors that
may cause the actual results to differ materially from those anticipated
at the time the forward-looking statements are made. Although Sierra
believes the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance that the
expectations will be attained or that any deviation will not be
material. Sierra undertakes no obligation to update any forward-looking
statement contained herein to conform the statement to actual results or
changes in Sierra’s expectations.
This is not an offer or a solicitation of an offer to buy any
securities of Sierra Income Corporation. Such an offer can be made only
by means of a prospectus. A copy of the prospectus can be obtained by
visiting www.sierraincomecorp.com. This
is a speculative security and as such, involves a high degree of risk.
1 Medley Management Inc. is the parent company of Medley LLC
and several registered investment advisors (collectively,”Medley”).
Assets under management refers to assets of our funds, which represents
the sum of the net asset value of such funds, the drawn and undrawn debt
(at the fund level, including amounts subject to restrictions) and
uncalled committed capital (including commitments to funds that have yet
to commence their investment periods). Assets under management are as of
March 31, 2018.
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