AFT

Apollo Senior Floating Rate Fund Inc.

AFT

Market cap $231M

Delisted

AFT was delisted on the 19th of July, 2024.

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About: Apollo Senior Floating Rate Fund Inc. is a diversified, closed-end management investment company. The Fund's investment objective is to seek current income and preservation of capital by investing in senior, secured loans made to companies whose debt is rated below investment grade and investments with similar economic characteristics. Senior loans typically hold a first lien priority and pay floating rates of interest, generally quoted as a spread over a reference floating rate benchmark. Under normal market conditions, the Fund invests at least 80% of its managed assets (which includes leverage) in floating rate senior loans and investments with similar economic characteristics.

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MidCap Financial Investment Corporation, Apollo Senior Floating Rate Fund Inc., and Apollo Tactical Income Fund Inc. Announce Expected Closing Date for Mergers

Dates Announced for Special Cash Payment to Stockholders of Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. Dates Announced for Special Cash Payment to Stockholders of Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.

MidCap Financial Investment Corporation, Apollo Senior Floating Rate Fund Inc., and Apollo Tactical Income Fund Inc. Announce Expected Closing Date for Mergers

Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. Declare Pre-Merger Distributions

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Apollo Senior Floating Rate Fund Inc. (NYSE: AFT) and Apollo Tactical Income Fund Inc. (NYSE: AIF) today declared pre-merger distributions to their respective stockholders. The specific distribution dates and amounts are detailed below. As previously announced, AFT and AIF received stockholder approval of the necessary proposals related to their mergers with and into MidCap Financial Investment Corporation (NASDAQ: MFIC), and the mergers are currently expected to close in late July, subject to the satisfaction of customary closing conditions. The pre-merger distributions are intended to fully distribute AFT's and AIF's accumulated undistributed net investment income prior to the closing of their mergers with and into MFIC, as required pursuant to the terms of the merger agreements previously signed by AFT and AIF.

Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. Declare Pre-Merger Distributions

AFT: Time To Divest This CEF After The Acquisition (Rating Downgrade)

Apollo Senior Floating Rate Fund is significantly up since the last rating, with total return exceeding 20%. MidCap Financial Investment Corporation is acquiring AFT and the Apollo Tactical Income Fund, leading to changes in the management platform and collateral pool. AFT will shift towards more illiquid middle market collateral post-merger, prompting a 'Sell' rating and suggesting investors explore alternative leveraged loan CEFs.

AFT: Time To Divest This CEF After The Acquisition (Rating Downgrade)

CORRECTION -- Apollo Senior Floating Rate Fund Inc. Declares June 2024 Monthly Distribution of $0.140 Per Share

In the news release, “ Apollo Senior Floating Rate Fund Inc. Declares June 2024 Monthly Distribution of $0.140 Per Share,” issued 11-Jun-2024 by Apollo Senior Floating Rate Fund Inc. over GlobeNewswire, we are advised by the Fund that the third paragraph, first sentence reading “Ex-Date,” should read “June 21, 2024” rather than “June 20, 2024” as originally issued inadvertently. The complete, corrected release follows:

CORRECTION -- Apollo Senior Floating Rate Fund Inc. Declares June 2024 Monthly Distribution of $0.140 Per Share

Apollo Senior Floating Rate Fund Inc. Declares June 2024 Monthly Distribution of $0.140 Per Share

NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of June 2024 of $0.140 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares June 2024 Monthly Distribution of $0.140 Per Share

Apollo Senior Floating Rate Fund Inc. Declares May 2024 Monthly Distribution of $0.140 Per Share

NEW YORK, May 10, 2024 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of May 2024 of $0.140 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares May 2024 Monthly Distribution of $0.140 Per Share

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Apollo Senior Floating Rate Fund Inc. Declares April 2024 Monthly Distribution of $0.140 Per Share

NEW YORK, April 12, 2024 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of April 2024 of $0.140 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares April 2024 Monthly Distribution of $0.140 Per Share

CEF Weekly Review: Saba Takes The Gloves Off

We review CEF market valuation and performance through the third week of March and highlight recent market action. Most CEF sectors saw lower NAVs due to the drop in stocks and Treasuries, but discounts tightened in all but 3 sectors. Saba is in a fight with ASA Gold & Precious Metals CEF, which has adopted a rights offering to dilute Saba.

Apollo Senior Floating Rate Fund Inc. Declares March 2024 Monthly Distribution of $0.137 Per Share

NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of March 2024 of $0.137 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares March 2024 Monthly Distribution of $0.137 Per Share

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