Sierra Income Corporation announces a share repurchase program. Under the program, the company will repurchase up to 809,089 shares, representing 0.83% of its issued share capital at a price of $7.49 per share for $6.06 million. The purpose of the buyback is to provide liquidity to the shareholders as there is otherwise no current public market for the shares. The shares repurchased under the offer will be retired. The buyback will be sourced out of cash in hand of the company. The shares will be repurchased if duly tendered from tendering stockholders pursuant to the terms and conditions of the offer on a pro-rata basis, subject to odd lot priority, in accordance with the number of shares tendered by each stockholder and not timely withdrawn. The plan will be valid up to June 21, 2018. As on May 10, 2018, the company had 96,993,231 shares issued and outstanding. Steven B. Boehm, Harry S. Pangas and Payam Siadatpour from Eversheds Sutherland (US) LLP acted as legal advisor, DST Systems , Inc. acted as transfer agent to the company.