Sierra Income Corporation BDC Reduces Sales Load

Sierra Income Corporation BDC Reduces Sales Load

June 16, 2017 | by Jared Schneider | Blue Vault

According to an announcement on June 15, 2017, Sierra Income Corporation reduced the upfront selling commission from 7.00% to 3.00% and the dealer manager fee was reduced from 2.75% to 2.50%. Additionally, the Advisor will pay the Dealer Manager an ongoing stockholder distribution and servicing fee of up to 1.00% of net asset value per share. This change reduces the total front-end load from 9.75% to 5.50%.

This comes as a move to reduce fees to investors in the alternative investment industry and to conform to many recent regulations that have been passed in the financial services industry.

Learn more about Medley Management Inc. on our Sponsor Focus page.

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