Sierra Income Corporation is a non-diversified closed-end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). We are externally managed and advised by our investment adviser, SIC Advisors LLC (“SIC Advisors”) pursuant to an investment advisory agreement (the "Investment Advisory Agreement"). Our investment objective is to generate current income, and to a lesser extent, long-term capital appreciation. We intend to meet our investment objective by primarily lending to, and investing in, the debt of privately owned U.S. middle market companies, which we define as companies with annual revenue between $50 million and $1 billion. We intend to focus primarily on making investments 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. We expect that the majority of our debt investments will bear interest at floating interest rates, but our portfolio may also include fixed-rate investments. We will originate transactions sourced through SIC Advisors’ existing network, and, to a lesser extent, expect to acquire debt securities through the secondary market. We may make equity investments in companies that we believe will generate appropriate risk adjusted returns, although we do not expect such investments to be a substantial portion of our portfolio.
Company profile
Ticker
SIRR
Website
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Corporate docs
Subsidiaries
Alpine Funding LLC • SIC AAR LLC • SIC Investment Holdings LLC • STRF Holdings LLC ...
IRS number
452544432
Latest filings (excl ownership)
15-12G
Securities registration termination
7 Mar 22
8-K
Termination of a Material Definitive Agreement
25 Feb 22
DEFA14A
Additional proxy soliciting materials
23 Feb 22
8-K
Other Events
18 Feb 22
425
Business combination disclosure
14 Feb 22
DEFA14A
Additional proxy soliciting materials
3 Feb 22
8-K
Other Events
1 Feb 22
DEFA14A
Additional proxy soliciting materials
25 Jan 22
DEFA14A
Additional proxy soliciting materials
21 Jan 22
DEFA14A
Additional proxy soliciting materials
18 Jan 22
Latest ownership filings