NEW YORK, April 26, 2021 /PRNewswire/ -- Sierra Income
Corporation ("Sierra" or the "Company") announced the
promotion of Dean Crowe to Chief
Executive Officer and his appointment to the Company's board of
directors, effective April 27, 2021.
Mr. Crowe said, "I am honored to be the new CEO of Sierra, and want
to thank the Board for the confidence they've placed in me". Mr.
Crowe is currently the President of Sierra and will retain this
title.
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
December 31, 2020, Medley had
$2.9 billion of assets under
management in one business development company and several private
investment vehicles. Over the past 19 years, we have provided
capital to over 450 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:
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). Assets under
management are as of December 31, 2020.
|
View original
content:http://www.prnewswire.com/news-releases/sierra-income-corporation-announces-the-promotion-of-dean-crowe-to-ceo-301277130.html
SOURCE Sierra Income Corp