Sierra Income Corporation is a non-traded business development company (BDC). Recently it suspended share repurchases and repurchases in the event of death or disability. Previously Sierra Income Corporation announced a review process to evaluate strategic alternatives for the company, which could possibly mean a sale of the company’s assets, a merger, or listing on a […]

The board of another non-traded business development company (BDC), Sierra Income Corporation, has suspended monthly distributions to their shareholders.  The company claimed that the suspension is temporary and would enhance their financial flexibility. This included both cash distributions and distribution reinvestment plans. According to Sierra Income Corporation, “The company believes that it is in the […]