Sierra Income Corporation Announces Q2 2017 Distributions
April 13 2017 - 5:28PM
Business Wire
Sierra Income Corporation (“Sierra” or the “Company”) today
announced that its Board of Directors declared a series of
semi-monthly distributions for April, May and June 2017 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 respective distribution:
Amount Per Share
Record Date
Payment Date
$0.02667
April 14, 2017
April 28, 2017
$0.02667
April 28, 2017
April 28, 2017
$0.02667
May 15, 2017
May 31, 2017
$0.02667
May 31, 2017
May 31, 2017
$0.02667
June 15, 2017
June 30, 2017
$0.02667
June 30, 2017
June 30, 2017
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 15 years, we have provided 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) and (NYSE: MDLQ). Medley Capital Corporation (NYSE: MCC) has
outstanding bonds which trade on the NYSE under the symbols (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/20170413006214/en/
Investor Relations Contact:Medley
Management Inc.Sam Anderson, 212-759-0777Head of Capital Markets
& RiskorMedia Contact:Fitzroy
CommunicationsLiz Bruce, 212-498-9197
Medley Management (NYSE:MDLY)
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