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AFT Stock News Image - globenewswire.com

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.

globenewswire.com 2024 Jun 11
AFT Stock News Image - globenewswire.com

Stockholders of AFT and AIF Who Have Voted Thus Far Have Strongly Supported the Merger Proposals Both Leading Independent Proxy Advisors, Institutional Shareholder Services (“ISS”) and Glass Lewis & CO (“Glass Lewis”), Recommend AFT and AIF Stockholders Vote “FOR” the Merger Proposals NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) today announced that it has received stockholder approval of the proposal related to the previously announced proposed mergers with Apollo Senior Floating Rate Fund Inc. (NYSE: AFT) and Apollo Tactical Income Fund Inc. (NYSE: AIF). AFT announced today the adjournment of its Special Meeting of Stockholders (the “AFT Special Meeting”), convened on May 28, 2024, to provide stockholders with additional time to vote on the proposed merger of AFT with and into MFIC (the “AFT Merger Proposal”).

globenewswire.com 2024 May 28
AFT Stock News Image - Seeking Alpha

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.

Seeking Alpha 2024 Mar 23
AFT Stock News Image - Seeking Alpha

We review CEF market valuation and performance through the first week of March and highlight recent market action. CEFs were mostly up on the week, driven by a decent PCE report. CEF investors have to contend with different levels of fund-level reporting, with semi-annual reports being particularly unhelpful.

Seeking Alpha 2024 Mar 09
AFT Stock News Image - Seeking Alpha

In this article, we discuss why we recently rotated into the loan closed-end fund Apollo Senior Floating Rate Fund from its sister fund Apollo Tactical Income Fund Inc. The AFT CEF is trading at an 8.5% discount and a 12% current yield. AFT has outperformed the loan CEF sector in total NAV terms and has increased its distribution by 72% since 2022.

Seeking Alpha 2024 Feb 06
AFT Stock News Image - Seeking Alpha

AFT is an income fund that offers a high yield over time for income investors. While its assets are not considered investment grade, they are backed by collateral and supported by protective covenants. Dividend history has shown the durability of its portfolio, with cuts being short-lived and yields on cost remaining attractively high.

Seeking Alpha 2024 Feb 05
AFT Stock News Image - Seeking Alpha

FTF: A Good Compromise Debt CEF For A Strong Economy In 2024

Seeking Alpha 2024 Jan 26
AFT Stock News Image - Seeking Alpha

Apollo Senior Floating Rate Fund offers a high level of current income with a 12.36% yield, outperforming other debt funds. The AFT closed-end fund's focus on floating-rate securities allows it to avoid the impact of interest rate swings and maintain stable returns. The fund's holdings primarily consist of below-investment-grade securities, but the majority have a credit rating of B- or above, so we should not have default problems.

Seeking Alpha 2023 Nov 22
AFT Stock News Image - Seeking Alpha

We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat on the week as markets consolidated after a recent run-up. All BDCs in coverage are in green for the month. Mid-Cap Financial Investment Corp. announced a merger agreement with two Apollo loan CEFs - not something we see every day.

Seeking Alpha 2023 Nov 17
AFT Stock News Image - Seeking Alpha

Floating rate securities have strong yields, low duration, and have significantly outperformed YTD. There are several strong floating rate funds available to investors. Credit risk varies, but there are options with minimal risk and high yields in the floating rate space.

Seeking Alpha 2023 Oct 30
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