Sierra Income Corporation Share Prices Drop | Recover Losses

Sierra Income Corporation Share Prices Drop | Recover Losses

Sierra Income Corporation, is a business development company specializing in first lien senior secured debt, second lien secured debt and, to a lesser extent, subordinated debt of middle market companies in the United States, according to Bloomberg.

Sierra Income Corporation reported in a December 2017 press release that a committee of the board of directors (the “Board”) of Sierra Income Corporation (“SIC”) has approved a decrease in its public offering price from $8.55 per share to $8.35 per share. The press release further reports that if Sierra Income Corporation continues to experience underlying portfolio fluctuations, the Board may further increase or decrease the per share offering price of its shares of common stock for its future weekly closings, pursuant to SIC’s pricing policy included in its prospectus which requires a price update if NAV per share fluctuates more than 2.5% from net offering price per share. SIC has not yet determined that a further adjustment to the newly-established offering price of $8.35 per share will be necessary. In the event SIC determines to adjust its public offering price, a separate announcement will be issued.

Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments such as Sierra Income Corporation.  

Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments such as Sierra Income and has recovered more than $180 million dollars on behalf of victimized investors.  We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.  All our cases are handled on a purely contingency fee basis.

You may have the right to recover your losses from the brokerage firm that sold Sierra Income Corporation and other high-risk investments to you. We strongly recommend that you act quickly, however, because statutes of limitation can be short in securities cases.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.

There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of these investments in any way.

If you incurred losses on your investment in Sierra Income Corporation and/or other high-risk investments and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.

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