CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Apollo Investment Corporation (AINV)

BDC - Debt Focused BDC

Data as of Nov. 20, 2020
Market Price $10.58 (- $0.18)
NAV (Sept. 30, 2020) $15.44 ( $0.00)
Premium / Discount -31.48% (-1.17%)
Fund Info
Inception April 6, 2004
Sponsor Apollo Global Management, LLC
Website www.apolloic.com/inves...
Location New York
Incorporated Maryland
Objective: Current income and capital appreciation; debt and equity
Related Indexes
Debt-Focused Business Development Company (BDC) Index
High Income Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Discount CEF/BDC Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 65,259,176
Total Assets (Reported: Sept. 30, 2020) $2,653M
Estimated Total Assets $2,549M
Net Assets $1,008M
Market Cap $690M
Debt-to-Equity 1.5923
Total Leverage 60.48%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 10.62%
Non Lev Exp Ratio 5.21%
Gross Asset Expense Ratio 4.07%
Gross Asset Non Lev Exp Ratio 2.00%
Rel Lev Cost 3.43%
Discount Data
Average Discount (3 Yr) -21.72%
Discount Low(3 Yr) -65.96%
Discount High(3 Yr) -2.73%
Discount Rel Range 54.53%
Comp Discount -12.56
Discount St Dev (1Yr) 17.33
Z-Stat (6mo) 1.47
Z-Stat (1Yr) 0.05
Z-Stat (3Yr) -0.75
Comp Z-Stat (6mo) 0.04
Comp Z-Stat (3Yr) -0.27
Distribution Data
Market Yield 11.72%
Income Yield 11.72%
Lev Adj NAV Yield 5.00%
Av Yield on Debt Investments 8.10
Distribution Frequency Q
Current Distribution $0.310
Current Income $0.310
Ex-Date 12/18/20
Payable Date 1/7/21
Div Growth (3yr) -31.11%
Dividend Change -31.1% on 8/6/20
Expected Div 2/4/21
RoC (1yr) 0.00%
RoC (3yr) 8.47%
Tax Dividend Data 2019 2016 - 2019
Income 89.6% 81.7%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 10.5% 18.3%
Volume & Liquidity
Average Daily $ (M) $4,645
Avg Volume 30 day 491,120
Avg Volume 90 day 439,063
Volume Trend 11.86%
Comp Volume Trend -1.36%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): ARCC 93.0%
Price St Dev (1Yr) 72.4%
NAV St Dev (1Yr) 14.5%
Earnings / Share (9/30/20) $0.428
Adj Core NII Coverage 137.94%
1 Yr Avg NII Coverage 132.63%
1 Yr Avg Adj Core NII Coverage 132.63%
NII Trend -24.45%
Adj Core NII Trend -24.45%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % 1.01%
% Loans with Libor Floor 62%


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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