Form: 425

Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

September 21, 2021

Filed by: Barings BDC, Inc.
(Commission File No.: 814-00733)
Pursuant to Rule 425 under the Securities Act of 1933, as amended
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934, as amended
Subject Company: Sierra Income Corporation
(Commission File No.: 814-00924)
Date: September 21, 2021