Sierra Income Corporation Announces Q4 Distributions

NEW YORK, NY (September 26, 2012) – Sierra Income Corporation (“Sierra” or the “Company”) today announced that its Board of Directors declared a series of semi-monthly distributions for October, November and December 2012 of $0.03333 per share. These distributions represent an annualized yield of 8.0% based on the company’s current offering price of $10 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

$0.03333                

 

October 15, 2012                  

 

October 31, 2012

$0.03333                

 

October 30, 2012                  

 

October 31, 2012

$0.03333                

 

November 15, 2012  

 

November 30, 2012

$0.03333                

 

November 29, 2012  

 

November 30, 2012

$0.03333                

 

December 14, 2012  

 

December 31, 2012

$0.03333                

 

December 28, 2012  

 

December 31, 2012

About Sierra Income Corporation

Sierra is a non-traded, externally managed, non-diversified closed end management investment company that has filed an election to be treated as a business development company under the Investment Company Act of 1940, as amended. The Company’s investment objective is to generate current income, and to a lesser extent, long-term capital appreciation. The Company invests primarily in senior secured debt, second lien debt and, to a lesser extent, subordinated debt of U.S. small and middle market companies with enterprise values ranging from approximately $50 million to $4 billion. Sierra’s investment activities are managed by its investment adviser, SIC Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended.

About SIC Advisors LLC

SIC Advisors LLC, an affiliate of Medley LLC (“Medley”), is a registered investment adviser under the Investment Advisers Act of 1940, as amended. Medley specializes in credit investing, including direct private lending and corporate credit related strategies and provides first lien, second lien and unitranche term loans to lower middlemarket and middle-market companies with an investment size between $7 and 50 million. Medley supports acquisition and growth financings, leveraged buyouts, management buyouts, bank debt restructurings, CAPEX, Chapter 11 exit financing and DIP financing. Medley is headquartered in New York with offices in San Francisco.