Sierra Income Corporation Announces Q1 Distributions

NEW YORK, NY (January 8, 2013) – Sierra Income Corporation (“Sierra” or the “Company”) today announced that its Board of Directors declared a series of semi-monthly distributions for January, February and March 2013 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                        

January 15, 2013  

January 31, 2013

$0.03333                        

January 31, 2013  

January 31, 2013

$0.03333                        

February 15, 2013 

February 28, 2013

$0.03333                        

February 28, 2013 

February 28, 2013

$0.03333                        

March 15, 2013  

March 29, 2013

$0.03333                        

March 29, 2013  

March 29, 2013

 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.