Sierra Income Corporation Announces Q4 2017 Distributions

NEW YORK–(BUSINESS WIRE)–Sierra Income Corporation (“Sierra” or the “Company”) today announced
that its Board of Directors declared a series of semi-monthly
distributions for October, November and December 2017 of $0.02667 per
share. Stockholders of record as of each respective record date will be
entitled to receive the distribution. Below are the details for each
respective distribution:

Amount Per Share

       

Record Date

       

Payment Date

$0.02667 October 13, 2017 October 31, 2017
$0.02667 October 31, 2017 October 31, 2017
$0.02667 November 15, 2017 November 30, 2017
$0.02667 November 30, 2017 November 30, 2017
$0.02667 December 15, 2017 December 29, 2017
$0.02667 December 29, 2017 December 29, 2017

About Sierra Income Corporation

Sierra is a non-traded business development company that 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. Sierra’s investment objective is to generate current income,
and to a lesser extent, long-term capital appreciation. Sierra is
externally managed by SIC Advisors LLC, which is an investment adviser
registered under the Investment Advisers Act of 1940, as amended. For
additional information, please visit Sierra Income Corporation at www.sierraincomecorp.com.

About SIC Advisors LLC

SIC Advisors LLC is an affiliate of Medley Management Inc. (NYSE: MDLY,
“Medley”). Medley is an alternative asset management firm offering yield
solutions to retail and institutional investors. Medley’s national
direct origination franchise, with over 85 people, is a premier provider
of capital to the middle market in the U.S. As of June 30, 2017, Medley
has over $5 billion of assets under management in two business
development companies, Medley Capital Corporation (NYSE:MCC) and Sierra
Income Corporation, a credit interval fund, Sierra Total Return Fund
(NASDAQ:SRNTX) and several private investment vehicles. Over the past 15
years, Medley has provided capital to over 380 companies across 35
industries in North America1. For additional information,
please visit Medley Management Inc. at www.mdly.com.

Medley LLC, the operating company of Medley Management Inc., has
outstanding bonds which trade on the NYSE under the symbol (NYSE: MDLX)
and (NYSE:MDLQ). Medley Capital Corporation (NYSE: MCC) has outstanding
bonds which trade on the NYSE under the symbols (NYSE: MCV) and (NYSE:
MCX).

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the federal securities laws and regulations. These
forward-looking statements are identified by their use of terms and
phrases such as “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,”
“should,” “will” and other similar terms and phrases, including
references to assumptions and forecasts of future results.
Forward-looking statements are not guarantees of future performance and
involve known and unknown risks, uncertainties and other factors that
may cause the actual results to differ materially from those anticipated
at the time the forward-looking statements are made. Although Sierra
believes the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance that the
expectations will be attained or that any deviation will not be
material. Sierra undertakes no obligation to update any forward-looking
statement contained herein to conform the statement to actual results or
changes in Sierra’s expectations.

This is not an offer or a solicitation of an offer to buy any
securities of Sierra Income Corporation. Such an offer can be made only
by means of a prospectus. A copy of the prospectus can be obtained by
visiting
www.sierraincomecorp.com. This
is a speculative security and as such, involves a high degree of risk.

1 Medley Management Inc. is the parent company of Medley LLC
and several registered investment advisors (collectively, ”Medley”).
Assets under management refers to assets of our funds, which represents
the sum of the net asset value of such funds, the drawn and undrawn debt
(at the fund level, including amounts subject to restrictions) and
uncalled committed capital (including commitments to funds that have yet
to commence their investment periods). Assets under management are as of
June 30, 2017.

Contacts

Investor Relations Contact:
Medley Management Inc.
Sam
Anderson, 212-759-0777
Head of Capital Markets & Risk
or
Media
Contact:
Teneo Holdings LLC
Erin Clark, 646-214-8355