Sierra Income Corporation Exceeds $900 Million in Total Equity Capital Raised
Sierra Income Corporation (the “Company”), a non-traded business development company, today announced that it surpassed $900
million in total equity capital raised as of December 31, 2016.
“This is a significant milestone, which we have reached with the strong support of our investor community,” said Seth Taube, the
Company’s Chief Executive Officer. “We continue to see profitable investment opportunities that enable us to offer an attractive
alternative in today’s yield-starved fixed income market.”
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 a credit-focused asset management
firm offering yield solutions to retail and institutional investors. Medley’s national direct origination franchise, with over 85
people, is a premier provider of capital to the middle market in the U.S. As of December 31, 2016, Medley had in excess of $5.3
billion of assets under management in two business development companies, Medley Capital Corporation (NYSE: MCC) and Sierra Income
Corporation, as well as private investment vehicles. Over the past 14 years, Medley has provided in excess of $6 billion of capital
to over 350 companies across 35 industries in North America. 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 NYSE under the symbol
(NYSE: MDLX). Medley Capital Corporation (NYSE: MCC) has outstanding bonds which trade on the NYSE under the symbols (NYSE: MCQ),
(NYSE: MCV), and (NYSE: MCX).
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. 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.
Sam Anderson
Head of Capital Markets & Risk
212-759-0777
or
Media Contact:
Fitzroy Communications
Liz Bruce
212-498-9197
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