NEW YORK, NY (April 30, 2014) – Sierra Income Corporation (the “Company”), today announced that it will release its financial results for the quarter ended March 31, 2014 on May 8, 2014 after the close of the financial markets.
The Company will host an investor update conference call and audio webcast at 11:00 a.m. (Eastern Time) on Friday, May 9, 2014.
All interested parties may participate in the conference call by dialing (866) 510-0712 approximately 10-15 minutes prior to the call. Participants should reference Sierra Income Corporation and the participant passcode of 18069085 when prompted. To listen to the live call via webcast, please go to the Company’s website, http:// www.sierraincomecorp.com/newsroom.html, at least 15 minutes prior to the start of the call to register and download any necessary audio software. Following the call you may access a replay of the event via audio webcast from the Company’s website for a period of 30 days following the call or by dialing (888) 286-8010 and using passcode 61747049 before the end of the day (11:59 PM Eastern Time) on May 16, 2014.
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.
There can be no assurance that we will be able to sustain distributions at any particular level. All distributions are subject to board approval. 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.