Sierra Income Reduces Sales Load by 44 Percent

Sierra Income Corporation, a publicly registered non-traded business development company, has revised the fee structure associated with its Class A shares of common stock, reducing the maximum sales load from 9.75 percent to 5.50 percent.

Upfront selling commissions for Class A shares were reduced from 7 percent of gross proceeds to up to 3 percent, while the dealer manager fee paid to SC Distributors was reduced from 2.75 percent of gross proceeds to up to 2.50 percent of gross proceeds. Class A shares are currently priced at $8.55 each.

In connection with the sale of Class A shares by participating broker-dealers, SC Distributors will reallow and pay participating broker-dealers up to 3 percent of the gross proceeds from their allocated sales of Class A shares 2.50 percent of the gross proceeds for dealer manager fees of Class A shares.

In addition, SIC Advisors, the company’s advisor, will pay the SC Distributors – without reimbursement –a distribution and stockholder servicing fee of up to 1 percent of the net asset value per Class A share.

Sierra Income Corporation 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. The company went effective in April 2012 and has raised $913 million in investor equity since inception. The company’s investment portfolio is comprised of $941 million of principal in directly originated transactions across 76 portfolio companies and $139.7 million of principal in syndicated transactions across 28 portfolio companies. Sierra is externally managed by SIC Advisors LLC, an affiliate of Medley Management Inc. (NYSE: MDLY).

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