Filing Details

Accession Number:
0001665056-17-000010
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-06-05 17:17:57
Reporting Period:
2017-06-01
Filing Date:
2017-06-05
Accepted Time:
2017-06-05 17:17:57
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1665056 Sierra Total Return Fund SRNTX () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1510194 Brook Taube C/O Medley Llc
280 Park Avenue, 6Th Floor East
New York NY 10017
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class T Shares Of Beneficial Interest Acquisiton 2017-06-01 80,000 $25.00 80,000 No 4 P Indirect By Medley Seed Funding II LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Medley Seed Funding II LLC
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class T Shares Of Beneficial Interest 4,000 Indirect See Footnote 2
Footnotes
  1. On June 1, 2017, Medley Seed Funding II LLC, a limited liability company controlled by Medley LLC, purchased 80,000 Class T shares of beneficial interest. The reporting person, together with Seth Taube, controls Medley LLC. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
  2. On August 10, 2016, STRF Advisors LLC (the "Adviser") purchased 10,000 Class T shares of beneficial interest for an aggregate purchase price of $100,000. On November 4, 2016, the Board of Trustees approved a reverse split of beneficial interests in the Class T shares that resulted in a NAV of $25.00 per Class T share. As a result, the number of Class T shares owned by the Adviser was reduced from 10,000 to 4,000, effective as of November 4, 2016. The Adviser is controlled by Medley LLC. The reporting person, together with Seth Taube, controls Medley LLC. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.