NYSE to Suspend Trading Immediately in Medley Management Inc (MDLY) and Medley LLC (MDLQ and MDLX) and Commence Delisting Proceedings morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
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Medley Creditors Want To File Ch. 11 Plan Of Their Own
Law360 (July 2, 2021, 9:01 PM EDT) Medley LLC s unsecured creditors have asked a Delaware bankruptcy court for permission to replace the asset management company s unconfirmable Chapter 11 plan with their own wind-down vision in order to stave off an insider s purported bid to wrest control of the company s insolvency.
In a motion filed Thursday, a committee of unsecured creditors expressed fears that Medley parent Medley Management Inc. and principals Brook Taube and Seth Taube are trying to place the Chapter 11 case under the control of an insider entity, Medley Capital, for their own benefit. The committee s motion seeks to terminate the period in which only Medley LLC,.
Sierra Income Corporation Announces Q2 2021 Distributions
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NEW YORK, April 29, 2021 /PRNewswire/ Sierra Income Corporation ( Sierra or the Company ) today announced that, on April 28, 2021, its Board of Directors (the Board ) declared a series of monthly distributions for April, May, and June 2021 of $0.010 per share. Stockholders of record as of each respective record date will be entitled to receive the distribution. Below are the details for each respective distribution:
Amount Per Share
June 30, 2021
The Board also authorized a share repurchase program, pursuant to which the Company intends to conduct quarterly share repurchases, beginning in the second quarter of 2021, of the lesser of (i) the number of shares of common stock, par value $0.0001 per share (the Shares ), that the Company can purchase with the proceeds received under the Company s distribution reinvestment plan from the prior quarter; or (ii) 2.