Sierra Income Corporation’s board of directors has declared a series of semi-monthly distributions for January, February, and March of next year. In the first quarter, Stockholders will receive $0.03333 per share on six payment dates beginning January 30, 2015 and ending March 31, 2015.
Each distribution date has a corresponding date to establish stockholders of record. See below for details:
A non-traded business development company (BDC), Sierra Income Corporation focuses on investing in first lien senior secured debt, second lien secured debt and, to a lesser extent, subordinated debt of middle market companies in several industries. The company’s primary objective is to generate income and long-term capital appreciation through mainly investing in private corporate debt.
Sponsored by asset management firm, Medley Management Inc., Sierra Income Corporation invests in companies with $50 million to $1 billion in annual revenues.