Medley Management (MDLY) Misses Q4 EPS by 6c
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Medley Management Inc. Announces Fourth Quarter and Full Year 2014 Results and Declares $0.20 Per Share Dividend
March 30, 2015 4:34 PM EDTTotal assets under management increased to $3.7 billion, a 61% increase year over year Fee earning assets under management increased to $3.1 billion, a 52% increase year over year Core Net Income Per Share increased to $0.79 for the year ending December 31, 2014, a 76% increase year over year Core Net Income Per Share was $0.21 for the three months ended December 31, 2014 U.S. GAAP net income attributable to Medley Management Inc. for the three months ended December 31, 2014 was $1.3 million Declared $0.20 per share dividend for Q1 2015 payable on May 6, 2015
NEW YORK, March 30, 2015 (GLOBE NEWSWIRE) -- Medley Management Inc. (the... More
Sierra Income Corporation Announces Joint Venture
March 30, 2015 4:10 PM EDTNEW YORK--(BUSINESS WIRE)-- Sierra Income Corporation (Sierra, or the Company) today announced that it has formed a joint venture with a premier U.S. provider of property and casualty insurance ("JV Partner"), creating Sierra Senior Loan Strategy JV I LLC ("SIC SLS JV"). The joint venture is expected to invest primarily in middle market and other corporate debt securities, a natural extension of Sierras leading origination and underwriting franchise.
Sierra and the JV Partner have committed to provide an aggregate of $100 million of equity to the joint venture, with Sierra providing $87.5 million and the JV Partner providing $12.5 million. In... More
