OFFERING OVERVIEW

Objective1

Invest primarily in the senior and subordinated debt of middle market U.S. companies. Create an investment portfolio that generates superior risk-adjusted returns. Provide our shareholders with current income and, to a lesser extent, long-term capital appreciation.


Offering

Offering Size Up to $1.5 Billion

Minimum Investment $2,000 ($2,500 for investors in Tennessee)

Valuation Frequency2 Net Asset Value determined each quarter

Share Repurchase
Program
3
Sierra will repurchase shares on a quarterly basis. Share repurchases each quarter will be limited to 2.5% of the weighted average number of outstanding shares in the preceding 12 month period. Restrictions apply.

Liquidity Strategy We intend to seek a liquidity event within seven years following the expiration of the offering period which may include:

  • The sale of all or substantially all of our assets

  • A listing of our common shares on a national securities exchange

  • A merger or another transaction approved by our board of directors in which our stockholders will receive cash or shares of a publicly traded company

Distribution
Reinvestment
Plan (DRIP)


Investors may elect to have their distributions be used to purchase additional shares at a specified discount to the then current public offering price. See the accompanying prospectus for more detailed information.

Suitability4 Subject to special suitability standards imposed by certain states, suitability standards generally require that an investor have either: (a) a gross annual income of at least $70,000, or (b) a net worth of at least $250,000.
For purposes of determining the suitability of an investor, net worth in all cases should be calculated excluding the value of an investor’s home, home furnishings and automobiles.

Additional Information Sierra Income Corporation incurs substantial fees, expenses and sales charges that may materially reduce an investor’s return.