SEC Form 4 · accession 0001665056-17-000010
Sierra Total Return Fund · SRNTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brook Taube
Director
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 5:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001665056
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class T Shares of Beneficial InterestF1 | Jun 1, 2017 | P | 80,000 | $25.00 | A | 80,000 | I | By Medley Seed Funding II LLC |
| Class T Shares of Beneficial InterestF2 | holding | — | — | — | 4,000 | I | See Footnote 2 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 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.
- F2On 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.