 NEW YORK, July 29, 2019 PRNewswire -- Sierra Income Corporation Sierra or the Company, Medley Capital Corporation NYSE: MCC, MCC MCC, and Medley Management Inc. NYSE: MDLY, MDLY or Medley today announced that they have entered into definitive amended agreements under which MCC will merge with and into Sierra and Sierra will simultaneously acquire MDLY and its existing asset management business, which will operate as a wholly owned subsidiary of the Company. Following the closing of the transactions, in which Sierra will be the surviving entity, the Company will be operated as an internally managed business development company BDC. Based upon the recommendation of each of their respective special committees of independent directors, the Boards of Directors of Sierra, MCC and MDLY unanimously approved the transactions. 