Sierra Income Corporation announces a share repurchase program. Under the program, the company will repurchase up to 873,974 shares, representing lesser of either the number of shares the company can repurchase with the proceeds it received from the issuance of common stock under the company’s distribution reinvestment plan during the three months ended September 30, 2017 or 2.5% of the weighted average number of common stock outstanding in the prior four calendar quarters at a purchase price of $7.89 per share, for a total consideration of $6.89 million worth of shares. The offer is designed to provide a measure of liquidity to shareholders. The shares repurchased will be paid cash funded from cash on hand, cash available from borrowings, sale of investments. If the number of shares submitted for repurchase exceeds the number of shares that the company is able to purchase, then the company will repurchase shares on a pro rata basis, subject to “odd lot” priority, among the requests for repurchase received. The term “odd lots” means all Shares tendered by any shareholder (an “Odd Lot Holder”) who owned beneficially or of record an aggregate of fewer than 100 Shares and so certifies in the appropriate place on the Letter of Transmittal. Odd lots will be accepted for payment before any proration of the purchase of other tendered shares, provided that this priority is not available to partial tenders or to beneficial or record holders of 100 or more shares in the aggregate, even if these holders have separate accounts or certificates representing fewer than 100 shares and to qualify for this priority, an Odd Lot Holder must tender all shares owned by the them in accordance with the procedures described in Section 4. Any Odd Lot Holder wishing to tender all of its shares pursuant to the offer should complete the section entitled “Odd Lots” in the Letter of Transmittal. The offer will expire as on December 22, 2017, unless extended. As of November 9, 2017, there were 96,773,460 shares of common stock and outstanding. Steven B. Boehm, Harry S. Pangas and Payam Siadatpour from Eversheds Sutherland (US) LLP acted as legal advisors and DST Systems, Inc. acted as information agent to the company.