Medley Management Inc. Declares $0.20 Per Share Dividend, Reports Second Quarter 2018 Results and Schedules Earnings Conference Call and Webcast NEW YORK, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Medley Management Inc. (NYSE:MDLY) today reported its financial results for its second quarter ended June 30, 2018 and will host an earnings conference call and audio webcast at 11:00 a.m. (Eastern Time) on Friday, August 10, 2018. Highlights Fee earning assets under management were $3.0 billion as of June 30, 2018Total assets under management were $5.0 billion as of June 30, 2018U.S. GAAP net loss pe...
Sierra, MCC and MDLY Announce Merger to Create 2nd Largest Internally Managed BDC NEW YORK, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Sierra Income Corporation (“Sierra” or the “Company”), Medley Capital Corporation (NYSE: MCC, “MCC”) (TASE:MCC), and Medley Management Inc. (NYSE:MDLY, “MDLY” or “Medley”) joint announcement. Sierra, MCC and MDLY have entered into definitive agreements for Sierra to acquire MCC and MDLY. MCC will merge with and into Sierra, with Sierra as the surviving company. Simultaneously, Sierra will acquire MDLY, and MDLY’s existing asset management business will operate as ...
NEW YORK--(BUSINESS WIRE)-- A committee of the board of directors (the “Board”) of Sierra Income Corporation (“SIC”) has approved a decrease in its public offering price from $8.15 per share to $8.00 per share. The decrease in SIC’s public offering price is effective as of SIC’s May 11, 2018 closing and first applied to subscriptions received from April 6, 2018 through May 10, 2018. The change in offering price reflects the updated NAV per share. If SIC continues to experience underlying portfolio fluctuations, the ...
NEW YORK--(BUSINESS WIRE)-- Sierra Income Corporation (the "Company") today announced that it will release its financial results for the quarter ended March 31, 2018 on May 7, 2018 after the close of the financial markets. The Company will host an investor update conference call and audio webcast at 11:00 a.m. (Eastern Time) on Tuesday, May 8, 2018. All interested parties may participate in the conference call by dialing (877) 498-8654 approximately 10-15 minutes prior to the call. Participants should reference Sierr...
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 April, May and June 2018 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; ...
NEW YORK--(BUSINESS WIRE)-- Sierra Income Corporation (the "Company") today announced that it will release its financial results for the quarter ended December 31, 2017 on March 12, 2018 after the close of the financial markets. The Company will host an investor update conference call and audio webcast at 11:00 a.m. (Eastern Time) on Tuesday, March 13, 2018. All interested parties may participate in the conference call by dialing (877) 498-8654 approximately 10-15 minutes prior to the call. Participants should refere...
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 January, February and March 2018 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; ...
NEW YORK--(BUSINESS WIRE)-- A committee of the board of directors (the “Board”) of Sierra Income Corporation (“SIC”) has approved a decrease in its public offering price from $8.55 per share to $8.35 per share. The decrease in SIC’s public offering price is effective as of SIC’s December 8, 2017 weekly closing and first applied to subscriptions received from December 1, 2017 through December 7, 2017. The change in offering price reflects the updated NAV per share. If SIC continues to experience underlying portfolio f...
NEW YORK--(BUSINESS WIRE)-- Sierra Total Return Fund (“Sierra” or the “Fund”) today announced that its Board of Trustees declared a fourth quarter distribution of $0.3277 per share on November 15, 2017. Stockholders of record as of November 21, 2017 will be entitled to receive the distribution which will be paid on December 15, 2017. About Sierra Total Return Fund Sierra is a Delaware statutory trust registered under the Investment Act of 1940 as a continuously offered, non-diversified, closed-end investment m...
NEW YORK--(BUSINESS WIRE)-- Sierra Income Corporation (the "Company") today announced that it will release its financial results for the quarter ended September 30, 2017 on November 6, 2017 after the close of the financial markets. The Company will host an investor update conference call and audio webcast at 11:00 a.m. (Eastern Time) on Tuesday, November 7, 2017. All interested parties may participate in the conference call by dialing (877) 498-8654 approximately 10-15 minutes prior to the call. Participants should r...
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 ...
NEW YORK--(BUSINESS WIRE)-- Sierra Income Corporation (“Sierra”), a non-traded business development company investing in middle market companies, today announced that its wholly-owned subsidiary, Alpine Funding LLC (“Alpine”), entered into an amendment to its revolving credit facility ("Credit Facility") with its lender, JPMorgan Chase Bank (“JPMorgan”). The amendment which became effective on September 29, 2017, extends the Credit Facility re-investment period to December 2020 and extends the final maturity to March 2022. Am...
NEW YORK--(BUSINESS WIRE)-- Sierra Income Corporation, a business development company that makes senior secured investments in U.S. middle market companies, and its affiliate Medley Management Inc. (“Medley”), announced today that it provided a senior secured first lien term loan to facilitate the acquisition of Summit Companies (“Summit”) by CI Capital Partners (“CI Capital”). Founded in 1999, Summit provides services designed to protect buildings, assets and people. Summit’s end-to-end capabilities include inspection, ...
NEW YORK--(BUSINESS WIRE)-- Sierra Income Corporation (“Sierra”), a non-traded business development company investing in middle market companies, today announced it invested more than $220 million in the first half of 2017, bringing its total investments to over $1 billion. “Sierra was highly active in the first half of 2017, providing capital to companies operating in 20 different industries across the U.S.,” said Seth Taube, Chairman and Chief Executive Officer of Sierra. “We continue to seek strong opportunities in the mid...
NEW YORK--(BUSINESS WIRE)-- Sierra Income Corporation (the "Company"), today announced that it will release its financial results for the quarter ended June 30, 2017 on August 8, 2017 after the close of the financial markets. The Company will host an investor update conference call and audio webcast at 12:00 p.m. (Eastern Time) on Wednesday, August 9, 2017. All interested parties may participate in the conference call by dialing (877) 498-8654 approximately 10-15 minutes prior to the call. Participants should referen...
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 July, August and September 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 ...
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