July 30, 2016 3:57 AM ET

Capital Markets

Company Overview of Apollo Investment Corporation

Company Overview

Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products. It prefers to invest in warrants, makes equity co-investments, and may also invest in cash equivalents, U.S. government securities, high-quality debt investments that mature in one year or less, high-yield bonds, distressed debt, non-U.S. investments, or securities of pu...

9 West 57th Street

43rd Floor

New York, NY 10019

United States

Founded in 2004

Phone:

212-515-3200

Key Executives for Apollo Investment Corporation

Chief Executive Officer and Director
Age: 54
President
Age: 44
Executive Chairman
Age: 64
Chief Financial Officer and Treasurer
Age: 59
Chief Compliance Officer and Vice President
Age: 42
Compensation as of Fiscal Year 2016.

Apollo Investment Corporation Key Developments

Apollo Investment Corporation Announces Executive Changes

Apollo Investment Corporation announced the appointment of Howard Widra as President. Mr. Widra, who has worked at Apollo Global Management, LLC (AGM) and/or its affiliates since 2013, most recently as Co-Head of Direct Origination, replaces Edward Goldthorpe who resigned that post along with his role as the Chief Investment Officer of the company’s investment adviser, Apollo Investment Management, L.P. (AIM). The Company also announced that AIM’s Deputy Chief Investment Officer Tanner Powell was named that unit’s Chief Investment Officer and that Patrick Ryan, who has over 30 years of credit experience and has been with AGM since 2015, has been given the added title of AIM’s Chief Credit Officer to formalize his existing role.

Apollo Investment Corporation Declares Dividend for the Fourth Quarter of Fiscal Year 2016, Payable on July 6, 2016

On May 18, 2016, the board of directors of Apollo Investment Corporation declared a dividend of $0.20 per share for the fourth quarter of fiscal year 2016, payable on July 6, 2016 to shareholders of record as of June 21, 2016.

Apollo Investment Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2016

Apollo Investment Corporation reported earnings results for the fourth quarter and full year ended March 31, 2016. For the quarter, the company reported net investment income of $44,618,000 compared to $52,071,000, net realized and unrealized loss of $68,015,000 compared to $63,800,000, net assets from operations of $23,397,000 compared to in net assets from operations of $11,729,000, net investment income per share of $0.22, net realized and unrealized loss per share of $0.27, diluted loss per share of $0.10 compared to diluted earnings per share of $0.05 per a year ago. For the year, the company reported net investment income of $193,257,000 compared to $237,783,000, net realized and unrealized loss of $237,783,000 compared to net realized and unrealized gain of $44,526,000, net investment income per share of net realized and unrealized loss per share of $152,551, basic and diluted earnings per share of $0.32 compared to $1.19 a year ago. Net asset value per share at the end of the year was $7.28 compared to $7.56 at March 31, 2015, a decline of 3.7%.

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