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Sierra Income Declares Q2 Distributions

Sierra Income Corporation (Sierra), a non-traded business development company (BDC), recently announced that a series of semi-monthly distributions were declared by its Board of Directors.

The distributions will take place in April, May, and June and amount to $.03333 per share for shareholders of record on each respective record date.

Sierra invests in first and second lien senior secured debt and occasionally, subordinated debt of middle market companies. The BDC targets companies with annual revenues from $50 million to $1 billion.