DISTRIBUTION HISTORY1






1)There can be no assurance that we will be able to sustain distributions at any particular level. Represents annualized dis­tributions. All distributions are subject to board approval. There can be no assurance that we will be able to sustain distributions at any particular level. Sierra's previous distributions to stockholders were funded from expense support payments that are subject to repayment to its investment adviser, SIC Advisors LLC ("SIC Advisors"). The level of these distributions was not based on our investment performance and may not continue in the future. If SIC Advisors had not agreed to make expense support payments, these distributions would have come from paid in capital. The reimbursement of these payments owed to SIC Advisors will reduce the future distributions to which investors would otherwise be entitled.