NOTICE TO SIERRA INCOME FUND INVESTORS: Investment Fraud Lawyers KlaymanToskes Comment on Recent Temporary Suspension of Distributions Payments to Investors

KANSAS CITY, Mo.--(BUSINESS WIRE)--KlaymanToskes (“KT”) comments on recent Sierra Income Corporation (“Sierra”) announcement of the “temporary suspension” of cash and reinvestment plan distributions beginning with the month ending April 30, 2020. According to securities attorney, Lawrence L. Klayman, “The suspension of cash distributions to investors has occurred after a prolonged decline in the quality of Sierra Income Fund’s investment loan portfolio, which is evidenced by the drop in the Fund’s Net Asset Value.” On May 5, 2020, Sierra announced the merger agreement between Sierra and Medley Capital (NYSE:MCC) was terminated citing “the changed circumstances and the unpredictable economic conditions resulting from the global health crisis caused by the coronavirus (COVID-19) pandemic.”