Sierra Income Corp

election_required = True...hares and I tender all of my Shares, will I be subject to proration? • If you own, beneficially or of record, fewer than 100 Shares in the aggregate, you properly tender all of these Shares and do not properly withdraw them before the Expiration Date, and you complete the section entitled “Odd Lots” in the Letter of Transmittal, we will purchase all of your Shares without subjecting them to the proration procedure, upon the terms and subject to the conditions of the Offer. If I decide not to tender, how will the Offer affect the Shares I hold? • Your percentage ownership interest in the Company will increase after completion of the Offer. See Section 10 below....

expiry = 2018-06-21...FOR CASH BY SIERRA INCOME CORPORATION UP TO 890,089 SHARES OF COMMON STOCK AT A PURCHASE PRICE EQUAL TO $7.49, WHICH REPRESENTS THE COMPANY’S NET ASSET VALUE PER SHARE AS OF MARCH 31, 2018 THE OFFER WILL EXPIRE AT 11:59 PM, EASTERN TIME, ON JUNE 21, 2018, UNLESS THE OFFER IS EXTENDED. To the Stockholders of Sierra Income Corporation: Sierra Income Corporation, an externally managed, non-diversified, closed-end management investment company incorporated in Maryland (the “Company,” “our,” “w...

mechanism = NAV...f the Company. The purpose of the Offer is to provide a measure of liquidity to our stockholders since there is otherwise no public market for the Shares. In our Prospectus, we indicated our intention to periodically repurchase a limited number of Shares at a price equal to the most recently disclosed net asset value per share of our common stock immediately prior to the date of repurchase. This intention is a recognition of the fact that our shares are not listed on a national securities exchange and have limited liquidity prior to the occurrence of a “liquidity event,” as defined in the Prospectus to include, among other things, (i) a listing of our shares o...

must_tender_all = True...f the date of this Offer are eligible to be repurchased pursuant to the Offer. If the amount of repurchase requests exceeds the number of Shares we seek to repurchase, we will repurchase Shares on a pro rata basis (subject to the exception for Odd Lot Holders who tender all of their Shares). Any shares not purchased during the tender offer will need to be re-submitted for repurchase in subsequent offers at the subsequent per-share price. Notwithstanding any other provision of the Offer, we will not be required to purchase any Shares tendered pursuant to the Offer if such repurchase will cause us to be in violation of the s...

price = USD 7.49...on-U.S. Stockholders. 7. Source and Amount of Funds. The total cost to us of purchasing a maximum of 890,089 of our issued and outstanding Shares pursuant to the Offer, assuming a Purchase Price of $7.49 per Share, would be $6,666,766.61. As discussed in Section 1, we are limiting the aggregate number of Shares to be repurchased to 890,089. During any calendar year, we intend to limit the number of shares we repurchase to 10% of...

priority = True...repurchase all of the shares of our common stock that you own. To the extent that the number of shares of our common stock submitted to us for repurchase exceeds the number of shares that we are able to purchase, we will repurchase shares on a pro rata basis, subject to "odd lot" priority, among the requests for repurchase received by us. Any shares not purchased during the tender offer period will need to be re-submitted for repurchase in subsequent offers at the subsequent per-share price. Further, we will have no obligation to repurchase shares if the repurchase would violate the restrictions on distributions under fed...

threshold = 100..., in accordance with the number of Shares tendered by each stockholder (and not timely withdrawn). Any shares not purchased during the tender offer period will need to be re-submitted for repurchase in subsequent offers at the subsequent per-share price. If I own fewer than 100 Shares and I tender all of my Shares, will I be subject to proration? • If you own, beneficially or of record, fewer than 100 Shares in the aggregate, you properly tender all of these Shares and do not properly withdraw them before the Expiration Date, and you complete the section entitled “Odd Lots” in the Letter of Transmittal, we will purcha...

txn_type = TENDER_OFFEREX-99.A1A 2 a05212018ex99a1aoffer.htm EXHIBIT 99.A1A Exhibit Exhibit 99(a)(1)(A) OFFER TO PURCHASE FOR CASH BY SIERRA INCOME CORPORATION UP TO 890,089 SHARES OF COMMON STOCK AT A PURCHASE PRICE EQUAL TO $7.49, WHICH REPRESENTS THE COMPANY’S NET ASSET VALUE PER SHARE AS OF MARCH 31, 2018 THE OFFER WILL EXPIRE AT 11:59 PM, EASTERN TIME, ON JUNE 21, 2018, UNLESS THE OFFER IS EXTENDED. To the Stockholders of Sierra Income Corporation: Sie...

untradeable = True...tstanding during the prior calendar year. The term “Shares” as used herein refers only to those shares of our common stock that are eligible to be repurchased. The purpose of this Offer to Purchase is to provide stockholders with a measure of liquidity, since there is otherwise no public market for the shares of our common stock. See Section 2 below. The Offer is for cash at a price equal to $7.49, which represents the Company’s net asset value per share as of March 31, 2018 (the “Purchase Price”), and is made upon the terms and subject to the conditions set forth in this Offer to Purchase and the related Letter of Transmittal (which together...