Medley Capital Corp. and Sierra Investment Corp. Respond to NexPoint’s Misleading Press Release

NEW YORK--(BUSINESS WIRE)--Medley Capital Corporation (NYSE:MCC, “MCC”) (TASE:MCC) and Sierra Income Corporation (“Sierra” or the “Company”) today responded to a press release issued by NexPoint Advisors, L.P., an affiliate of Highland Capital Management Fund Advisors, L.P. (“NexPoint”). Importantly, NexPoint’s press release contains inaccurate statements and is misleading. Contrary to its assertion, NexPoint’s proposal DOES NOT offer $225 million of net value to MCC’s shareholders.