NEW YORK, Jan. 22, 2021 /PRNewswire/ -- Sierra Income
Corporation ("Sierra" or the "Company") today announced that its
Board of Directors declared a series of monthly distributions for
January, February, and March 2021 of
$0.010 per share on January 21, 2021. 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
|
|
$0.010
|
January 28,
2021
|
January 29,
2021
|
|
$0.010
|
February 25,
2021
|
February 26,
2021
|
|
$0.010
|
March 30,
2021
|
March 31,
2021
|
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 is a
premier provider of capital to the middle market in the U.S. As of
September 30th 2020,
Medley had $3.4 billion of assets
under management in two business development companies and several
private investment vehicles. Over the past 18 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).
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. These forward-looking statements are made
based on various underlying assumptions and are subject to numerous
uncertainties and risks, including, without limitation: Sierra's
continued effectiveness in investing and managing capital; adverse
changes in the economy generally or in the industries in which
Sierra's portfolio companies operate; uncertainties associated with
the impact from the COVID-19 pandemic, including its impact on the
global and U.S. capital markets, the global and U.S. economy, the
operational and financial performance of our portfolio companies,
and liquidity; and such other factors described under the caption
"Risk Factors" included in Sierra's filings with the Securities and
Exchange Commission (www.sec.gov). 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.
Investor Relations Contact:
Sam Anderson
Head of Capital Markets & Risk Management
Medley Management Inc.
212-759-0777
Media Contact:
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co. LP
212-257-4170
1 Medley Management Inc. is the parent company of
Medley LLC and several registered investment advisers
(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). One of the business development
companies advised by Medley internalized on January 1, 2021 and its $0.3 billion of assets as of September 30, 2020 are no longer under Medley's
management.
View original
content:http://www.prnewswire.com/news-releases/sierra-income-corporation-announces-q1-2021-distributions-301213430.html
SOURCE Sierra Income Corporation