On February 5, 2019, NexPoint Advisors, L.P. reiterated its opposition of Medley Management Inc.’s role in the proposed merger between Medley Capital Corporation and Sierra Income Corporation. NexPoint Advisors stated that it has given its view on the flaws of the merger transaction, it encourages stockholders of both Medley Capital and the Company to vote against the proposed merger on or before the special meeting of stockholders scheduled to be held on February 8, 2019. NexPoint Advisors stated that it now joins an independent proxy advisory firm Institutional Shareholder Services (ISS) in urging stockholders to vote against the proposed merger. NexPoint Advisors added that ISS reversed its initial recommendation following NexPoint Advisors’ submission of a competing proposal.