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Sierra Income announces tender offer results

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Sierra Income announces tender offer results

Sierra Income Corp.purchased approximately 959,436 of its common shares at a price equal to $8.16 pershare in a tender offer.

The offer terminated at 11:59 p.m. ET on April 15. The aggregatepurchase price is approximately $7.8 million, according to an amended tender offerstatement filed May 11. The per-share price represents the company's net asset valueper share as of Dec. 31, 2015.