The board Sierra Income Corporation, a publicly registered non-traded business development company, has decided to close the company’s offering on July 31, 2018.
The company previously anticipated closing the offering on April 17, 2019, seven years after it was declared effective by the Securities and Exchange Commission.
In light of the earlier offering termination, subscription agreements must be received in good order by Tuesday, July 31, 2018, in order to be accepted by the last admit date of Friday, August 3, 2018.
Sierra Income Corporation’s initial offering was declared effective by the Securities and Exchange Commission in April 2012. As of the first quarter of 2018, the company’s $1 billion portfolio consisted of debt investments in 112 companies, according to Summit Investment Research. As of July 5, 2018, the BDC had raised approximately $922 million in investor equity.