Medley Management Inc. Announces Resignation of Peter Kravitz as Director

Medley Management Inc. is an alternative asset management firm offering yield solutions to retail and institutional investors. The Company is focused on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States. The Company operates through its investment management segment, which provides investment management services to permanent capital vehicles, long-dated private funds and separately managed accounts. The Company manages one permanent capital vehicle, which is a business development companies (BDC), as well as long-dated private funds and Separately Managed Accounts (SMAs), with a primary focus on senior secured credit. Sierra Income Corporation (SIC) is the Company's capital vehicle. Its long dated private funds include MOF I, MOF II, MOF III and others. The Company manages approximately 12 SMAs.