Sierra Total Return Fund Announces Q1 2018 Distribution
February 22 2018 - 12:05PM
Business Wire
Sierra Total Return Fund (“Sierra” or the “Fund”) today
announced that its Board of Trustees declared a first quarter
distribution of $0.3275 per share on February 21, 2018.
Stockholders of record as of February 23, 2018 will be entitled to
receive the distribution which will be paid on March 23, 2018.
About Sierra Total Return Fund
Sierra is a Delaware statutory trust registered under the
Investment Act of 1940 as a continuously offered, non-diversified,
closed-end investment management company that operates as an
interval fund. Sierra’s investment objective is to seek total
return through a combination of current income and long-term
capital appreciation by investing in a portfolio of debt securities
and equities. Sierra is externally managed by STRF Advisors LLC,
which is an investment adviser registered under the Investment
Advisers Act of 1940, as amended. For additional information,
please visit Sierra Total Return Fund’s website at
www.sierratotalreturnfund.com.
About STRF Advisors LLC
STRF 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 85 people, is a premier provider of capital to the middle
market in the U.S. As of September 30, 2017, Medley has over $5
billion of assets under management in two business development
companies, Medley Capital Corporation (NYSE: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, Medley has 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).
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.
This is not an offer or a solicitation of an offer to buy any
securities of Sierra Total Return Fund. Such an offer can be made
only by means of a prospectus. A copy of the prospectus can be
obtained by visiting www.sierratotalreturnfund.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 September 30, 2017.
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version on businesswire.com: http://www.businesswire.com/news/home/20180222006074/en/
Investor Relations Contact:Medley Management Inc.Sam Anderson,
212-759-0777Head of Capital Markets & RiskorMedia Contact:Teneo
Holdings LLCErin Clark, 646-214-8355
Medley Management (NYSE:MDLY)
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