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Non-Traded BDC Declares Q4 Distributions

Sierra Income Corporation’s board of directors has declared a series of semi-monthly distributions for October, November, and December of this year. In the fourth quarter, Stockholders will receive $0.03333 per share on 6 payment dates beginning October 31, 2014 and ending December 31, 2014.

Each distribution date has a corresponding date to establish stockholders of record. See below for details:

Amount Per Share Record Date Distribution Date
$0.03333 October 15, 2014 October 31, 2014
$0.03333 October 31, 2014 October 31, 2014
$0.03333 November 14, 2014 November 28, 2014
$0.03333 November 28, 2014 November 28, 2014
$0.03333 December 15, 2014 December 31, 2014
$0.03333 December 31, 2014 December 31, 2014

As a non-traded BDC, Sierra Income Corporation invests 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.
The BDC is sponsored by Medley LLC, a company that invests in middle market companies with $50 million to $1 billion in revenues through direct private lending and corporate credit investment strategies.

Sierra Income Corporation is distributed by SC Distributors, which is owned by RCS Capital Corporation (RCAP). Coincidentally, a senior secured second lien loan of $1.8 million was made to RCAP by the BDC at a rate of 10.25% maturing in April of 2021.