On April 18, 2019, Sierra Income Corporation, Medley Capital Corporation, and Medley Management Inc. announced that they have postponed the special meetings of stockholders relating to the Company’s proposed merger with Medley Capital and the Company’s proposed concurrent acquisition of Medley Management Inc. The Company stated that the parties continue to negotiate the terms of the mergers in good faith and in the best interests of their respective stockholders. The Company added that if the negotiations are successful, the Company, Medley Capital, and Medley Management expect that the special meetings would be held no later than the third quarter of 2019. The Company also stated that it would announce the new date, time and record date for the special meetings at a later time.