investmentportfolio.sierraincomecorp.com

Summary Details SIERRA INCOME CORPORATION INVESTMENT PORTFOLIO - AS OF 3/31/2018 Sector Allocation* Top 10 Holdings* (Ranked by Principal Amount Invested) Sierra Senior Loan Strategy JV I LLC SRS Software, LLC Aviation Technical Services, Inc. Vail Holdco Corp. - I IHS Intermediate, Inc. Black Angus Steakhouses LLC Invision Diversified, LLC Simplified Logistics, LLC Ship Supply Acquisition Corporation Voya CLO 2016-2, LTD. Market Sectors Principal Amount % of Total Portfolio* TOTAL $887,506,224 100.00% Multi-Sector Holdings $75,502,585 8.5073 8.51% Services: Business $145,782,972 16.4261 16.43% Healthcare & Pharmaceuticals $79,604,890 8.9695 8.97% High Tech Industries $69,501,321 7.8311 7.83% Aerospace & Defense $64,040,047 7.2157 7.22% Banking, Finance, Insurance & Real Estate $42,174,577 4.7520 4.75% Construction & Building $46,514,851 5.2411 5.24% Wholesale $11,846,104 1.3348 1.33% Hotel, Gaming & Leisure $41,337,788 4.6577 4.66% Automotive $35,006,833 3.9444 3.94% Energy: Oil & Gas $33,316,323 3.7539 3.75% Beverage & Food $31,129,109 3.5075 3.51% Transportation: Cargo $30,853,649 3.4764 3.48% Media: Advertising, Printing & Publishing $22,338,940 2.5170 2.52% Containers, Packaging & Glass $21,637,472 2.4380 2.44% Chemicals, Plastics & Rubber $21,134,845 2.3814 2.38% Retail $22,770,457 2.5657 2.57% Metals & Mining $15,396,474 1.7348 1.73% Capital Equipment $15,353,077 1.7299 1.73% Media: Diversified & Production $7,500,000 0.8451 .85% Telecommunications $12,758,841 1.4376 1.44% Media: Broadcasting & Subscription $10,918,906 1.2303 1.23% Transportation: Consumer $8,653,779 0.9751 .98% Services: Consumer $8,612,719 0.9704 .97% Consumer goods: Non-durable $5,946,650 0.6700 .67% Environmental Industries $4,072,589 0.4589 .46% Forest Products & Paper $3,800,427 0.4282 .43% Sectors: All Aerospace & Defense Automotive Banking, Finance, Insurance & Real Estate Beverage & Food Capital Equipment Chemicals, Plastics & Rubber Construction & Building Consumer goods: Non-durable Containers, Packaging & Glass Energy: Oil & Gas Environmental Industries Forest Products & Paper Healthcare & Pharmaceuticals High Tech Industries Hotel, Gaming & Leisure Media: Advertising, Printing & Publishing Media: Diversified & Production Media: Broadcasting & Subscription Metals & Mining Multi-Sector Holdings Retail Services: Business Services: Consumer Telecommunications Transportation: Cargo Transportation: Consumer Wholesale Company Sector Security Type Maturity Interest Rate*** Principal Amount 1888 Industrial Services, LLC - I Energy: Oil & Gas Senior Secured First Lien Term Loan 09/30/2021 $3,144,481 1888 Industrial Services, LLC - II Energy: Oil & Gas Senior Secured First Lien Term Loan 09/30/2021 $503,117 1888 Industrial Services, LLC - III Energy: Oil & Gas Senior Secured First Lien Term Loan 09/30/2021 $7,247,800 AAAHI Acquisition Corporation - I Transportation: Consumer Senior Secured First Lien Term Loan 12/15/2021 $7,052,863 AAAHI Acquisition Corporation - II Transportation: Consumer Senior Secured First Lien Term Loan 12/14/2018 $1,600,916 Access Media Holdings, LLC Media: Broadcasting & Subscription Senior Secured First Lien Term Loan 07/22/2020 $5,141,610 Access Media Holdings, LLC - II Media: Broadcasting & Subscription Preferred Equity 07/22/2020 Alpha Media LLC Media: Broadcasting & Subscription Senior Secured First Lien Term Loan 02/25/2022 7.000% $5,777,296 Alpine SG, LLC - I High Tech Industries Senior Secured First Lien Term Loan 11/16/2022 $6,643,350 Alpine SG, LLC - II High Tech Industries Senior Secured First Lien Term Loan 11/16/2022 $13,466,250 American Dental Partners, Inc. Healthcare & Pharmaceuticals Senior Secured Second Lien Term Loan 09/25/2023 $7,322,500 Amerijet Holdings, Inc. Transportation: Cargo Senior Secured First Lien Term Loan 07/15/2021 $12,376,123 AMMC CLO 22, Limited Series 2018-22A Multi-Sector Holdings Subordinated Note 11/15/2027 $5,885,930 Anaren, Inc. Aerospace & Defense Senior Secured Second Lien Term Loan 08/18/2021 9.250% $10,000,000 Answers Corporation - I High Tech Industries Senior Secured First Lien Term Loan 04/15/2021 $1,285,269 Answers Corporation - II High Tech Industries Senior Secured Second Lien Term Loan 09/15/2021 $1,998,547 Answers Corporation - III High Tech Industries Common Stock APCO Holdings, Inc. Automotive Senior Secured First Lien Term Loan 01/31/2022 $4,096,946 Apidos CLO XXIV , Series 2016-24A Multi-Sector Holdings Subordinated Note 07/20/2027 $15,420,423 Asurion, LLC Banking, Finance, Insurance & Real Estate Senior Secured Second Lien Term Loan 08/04/2025 $6,069,000 Aviation Technical Services, Inc. Aerospace & Defense Senior Secured Second Lien Term Loan 03/31/2022 9.500% $25,000,000 Barry's Bootcamp Holdings, LLC Services: Consumer Senior Secured First Lien Term Loan 07/14/2022 $8,571,429 Birch Communications Inc. Telecommunications Senior Secured First Lien Term Loan 07/17/2020 7.750% $12,758,841 Black Angus Steakhouses LLC Hotel, Gaming & Leisure Senior Secured First Lien Term Loan 04/24/2020 10.000% $18,609,192 Brook & Whittle Holding Corp. Containers, Packaging & Glass Senior Secured First Lien Term Loan 10/17/2023 $3,034,180 Capstone Nutrition - I Healthcare & Pharmaceuticals Senior Secured First Lien Term Loan 09/25/2020 $3,945,534 Capstone Nutrition - II Healthcare & Pharmaceuticals Senior Secured First Lien Term Loan 09/25/2020 $1,559,422 Capstone Nutrition - III Healthcare & Pharmaceuticals Senior Secured First Lien Term Loan 09/25/2020 $9,118,424 Central States Dermatology Services, LLC Healthcare & Pharmaceuticals Senior Secured First Lien Term Loan 04/20/2022 $2,968,424 Charming Charlie, Inc. - I Retail Senior Secured First Lien Term Loan 12/24/2019 $2,434,896 Charming Charlie, Inc. - II Retail Senior Secured First Lien Term Loan 06/08/2018 $2,191,021 Covenant Surgical Partners, Inc. - I Healthcare & Pharmaceuticals Senior Secured First Lien Term Loan 10/04/2024 $5,410,364 Covenant Surgical Partners, Inc. - II Healthcare & Pharmaceuticals Senior Secured First Lien Term Loan 10/04/2024 $846,096 CP OpCo, LLC Services: Consumer Senior Secured First Lien Term Loan 04/01/2019 $41,290 CPI Holdings, Inc. Aerospace & Defense Senior Secured Second Lien Term Loan 07/28/2025 $9,829,466 CSP Technologies North America, LLC Containers, Packaging & Glass Senior Secured First Lien Term Loan 01/31/2022 $4,935,936 Deliver Buyer, Inc. Services: Business Senior Secured First Lien Term Loan 05/01/2024 $3,027,249 DHISCO Electronic Distribution, Inc. - I Hotel, Gaming & Leisure Senior Secured First Lien Term Loan 11/10/2019 10.500% $2,631,735 DHISCO Electronic Distribution, Inc. - II Hotel, Gaming & Leisure Senior Secured First Lien Term Loan 11/10/2019 10.500% $1,460,498 Drew Marine Partners, LP Transportation: Cargo Senior Secured Second Lien Term Loan 05/19/2021 8.000% $10,000,000 Dryden 38 Senior Loan Fund, Series 2015-38A Multi-Sector Holdings Subordinated Note 07/15/2027 $5,090,400 Dryden 43 Senior Loan Fund, Series 2016-43A Multi-Sector Holdings Subordinated Note 07/20/2029 $3,004,600 Dryden 49 Senior Loan Fund, Series 2017-49A Multi-Sector Holdings Subordinated Note 07/18/2030 $15,337,626 Dynamic Energy Services International LLC Energy: Oil & Gas Senior Secured First Lien Term Loan 05/06/2019 9.500% $6,210,629 Elite Comfort Solutions LLC Chemicals, Plastics & Rubber Senior Secured First Lien Term Loan 01/15/2021 $9,666,845 Engineered Machinery Holdings, Inc - I Capital Equipment Senior Secured Second Lien Term Loan 07/18/2025 $2,721,960 Engineered Machinery Holdings, Inc - II Capital Equipment Senior Secured Second Lien Term Loan 07/18/2025 $199,867 First Boston Construction Holdings, LLC - I Banking, Finance, Insurance & Real Estate Senior Secured First Lien Note 12/31/2020 12.000% $7,937...