Sierra Income Corporation Exceeds $900 Million in Total Equity Capital Raised
January 10 2017 - 11:58AM
Business Wire
Sierra Income Corporation (the “Company”), a non-traded business
development company, today announced that it surpassed $900 million
in total equity capital raised as of December 31, 2016.
“This is a significant milestone, which we have reached with the
strong support of our investor community,” said Seth Taube, the
Company’s Chief Executive Officer. “We continue to see profitable
investment opportunities that enable us to offer an attractive
alternative in today’s yield-starved fixed income market.”
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 a credit-focused asset management
firm offering yield solutions to retail and institutional
investors. Medley’s national direct origination franchise, with
over 85 people, is a premier provider of capital to the middle
market in the U.S. As of December 31, 2016, Medley had in excess of
$5.3 billion of assets under management in two business development
companies, Medley Capital Corporation (NYSE: MCC) and Sierra Income
Corporation, as well as private investment vehicles. Over the past
14 years, Medley has provided in excess of $6 billion of capital to
over 350 companies across 35 industries in North America. 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 NYSE under the symbol (NYSE:
MDLX). Medley Capital Corporation (NYSE: MCC) has outstanding bonds
which trade on the NYSE under the symbols (NYSE: MCQ), (NYSE: MCV),
and (NYSE: MCX).
Forward-Looking Statements
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170110006075/en/
Investor Relations Contact:Medley
Management Inc.Sam AndersonHead of Capital Markets &
Risk212-759-0777orMedia
Contact:Fitzroy CommunicationsLiz Bruce212-498-9197
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