Apollo Tactical Income Fund Inc.

AIF

Market cap $214M

Steven Bavaria discusses his investing strategy, focusing on generating income through high-yield assets like closed-end funds and credit markets. He emphasizes the importance of sticking with a strategy that aligns with one's risk tolerance and long-term goals, whether it's traditional equity investing or an income factory approach.

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.

In the news release, “Apollo Tactical Income Fund Inc. Declares June 2024  Monthly Distribution of $0.144 Per Share,” issued 11-Jun-2024 by Apollo Tactical Income 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:

NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of June 2024 of $0.144 per common share, payable on the date noted below.

NEW YORK, May 10, 2024 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of May 2024 of $0.144 per common share, payable on the date noted below.

Naturally, one should monitor their portfolio on a regular basis in case there are any news events or market circumstances that can affect a stock price or its dividend adversely.

Pending merger of Apollo CEFs AIF and AFT with BDC MFIC presents a unique investment opportunity. Buying shares of AIF now offers monthly income and potential capital gains from the merger. AIF shareholders will receive shares of MFIC common stock based on NAV conversion and bonus supplemental cash dividends if the merger is approved.

NEW YORK, April 12, 2024 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of April 2024 of $0.144 per common share, payable on the date noted below.

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