Sierra Income Corporation Funded More Than $70 Million in Originated Investments During Q1 2014

Sierra Income Corporation (“SIC”), a business development company that targets senior secured investments in US middle market companies, announced today that it funded more than $70 million in originated investments during the first quarter of 2014.

Ten originated transactions totaling more than $70 million were added to the portfolio. Highlights include the following:

• A senior secured 1st lien term loan made to a provider of mitigation, restoration, and ancillary services to single and multi-family prospects, healthcare organizations, schools, municipalities and commercial businesses.
• A senior secured 2nd lien term loan made to a leading supplier of branded accessories for light duty truck applications and one of the largest manufacturers of truck accessories in the US.
• A senior secured 2nd lien term loan made to a provider of highly integrated microwave components, assemblies and subsystems for the satellite, defense, wireless infrastructure, medical and industrial electronics end markets.

”We are delighted to report that more than $70 million of originated investments were funded during the first quarter,” said Seth Taube, CEO of Sierra Income Corporation. “Our recent ability to co-invest across several funds has allowed us to exploit our proprietary origination network to source attractive investment opportunities in dynamic middle market companies,” continued Mr. Taube.

About Sierra Income Corporation

Sierra is a non-traded, externally managed, non-diversified closed end management investment company that has filed an election to be treated as a business development company under the Investment Company Act of 1940, as amended. The Company’s investment objective is to generate current income, and to a lesser extent, long-term capital appreciation. The Company invests primarily in senior secured debt, second lien debt and, to a lesser extent, subordinated debt of U.S. small and middle market companies with enterprise values ranging from approximately $50 million to $4 billion. Sierra’s investment activities are managed by its investment adviser, SIC Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended.

About SIC Advisors LLC

SIC Advisors LLC, an affiliate of Medley LLC (“Medley”), is a registered investment adviser under the Investment Advisers Act of 1940, as amended. Medley specializes in credit investing, including direct private lending and corporate credit related strategies and provides first lien, second lien and unitranche term loans to lower middle-market and middle-market companies with an investment size between $7 million and $50 million. Medley supports acquisition and growth financings, leveraged buyouts, management buyouts, bank debt restructurings, CAPEX, Chapter 11 exit financing and DIP financing. Medley is headquartered in New York with offices in San Francisco.

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 the Company 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. The Company undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in the Company's expectations.