0001144204-16-133457.txt : 20161110 0001144204-16-133457.hdr.sgml : 20161110 20161110195738 ACCESSION NUMBER: 0001144204-16-133457 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20161109 FILED AS OF DATE: 20161110 DATE AS OF CHANGE: 20161110 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Sierra Total Return Fund CENTRAL INDEX KEY: 0001665056 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 375 PARK AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10152 BUSINESS PHONE: 212-759-0777 MAIL ADDRESS: STREET 1: 375 PARK AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10152 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Taube Seth CENTRAL INDEX KEY: 0001510195 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 811-23137 FILM NUMBER: 161989749 MAIL ADDRESS: STREET 1: C/O MEDLEY CAPITAL STREET 2: 375 PARK AVENUE, SUITE 3304 CITY: NEW YORK STATE: NY ZIP: 10152 3 1 v452474_3.xml OWNERSHIP DOCUMENT X0206 3 2016-11-09 0 0001665056 Sierra Total Return Fund NONE 0001510195 Taube Seth C/O SIERRA TOTAL RETURN FUND 280 PARK AVE., 6TH FLOOR EAST NEW YORK NY 10017 1 1 0 0 Chief Executive Officer Class T Shares of Beneficial Interest 4000 I See Footnote 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 Brook Taube, controls Medley LLC. The reporting person disclaims beneficial ownership of the reported shares of common stock except to the extent of his pecuniary interest therein. /s/ Seth Taube 2016-11-10 EX-24 2 v452474_ex24.htm POWER OF ATTORNEY

Exhibit 24

POWER OF ATTORNEY

I, Seth Taube, a Trustee and an Officer of Sierra Total Return Fund (the “Fund”), hereby authorize and designate each of Christopher M. Mathieu and John D. Fredericks as my agent and attorney-in-fact, with full power of substitution to:

(1) prepare and sign on my behalf any Form 3, Form 4 or Form 5 under Section l6 of the Securities Exchange Act of 1934, as amended;

(2) prepare and sign on my behalf any Form 144 Notice under the Securities Act of 1933, as amended, and file the same with the Securities and Exchange Commission; and

(3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact’s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming, nor is the Fund assuming, any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934, as amended, or Section 5 of the Securities Act of 1933, as amended, or Rule 144 promulgated under such Act.

This Power of Attorney shall remain in effect until the undersigned is no longer required to file Forms 3, 4, 5 and 144 with respect to the undersigned’s holdings of and transactions in securities issued by the Fund, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact.



DATED: November 10, 2016	SIGNED:	/s/ Seth Taube
		Seth Taube