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 Jan. 16, 2020
Market Price $17.58 (- $0.04)
NAV (Sept. 30, 2019) $18.69 ( $0.00)
Premium / Discount -5.94% (-0.21%)
Fund Info
Inception April 6, 2004
Sponsor Apollo Global Management, LLC
Website www.apolloic.com/inves...
Objective: Current income and capital appreciation; debt and equity
Related Indexes
12 Major CEF Sectors Index
Debt-Focused Business Development Company (BDC) Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 66,545,741
Total Assets (Reported: Sept. 30, 2019) $2,892M
Estimated Total Assets $2,760M
Net Assets $1,244M
Market Cap $1,170M
Debt-to-Equity 1.2681
Total Leverage 54.94%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 10.78%
Non Lev Exp Ratio 4.94%
Gross Asset Expense Ratio 4.78%
Gross Asset Non Lev Exp Ratio 2.19%
Rel Lev Cost 4.71%
Discount Data
Average Discount (3 Yr) -13.43%
Discount Low(3 Yr) -36.19%
Discount High(3 Yr) 0.89%
Discount Rel Range 81.58%
Comp Discount -4.47
Discount St Dev (1Yr) 4.34
Z-Stat (6mo) 1.68
Z-Stat (1Yr) 2.12
Z-Stat (3Yr) 1.27
Comp Z-Stat (6mo) 0.79
Comp Z-Stat (3Yr) 0.77
Distribution Data
Market Yield 10.24%
Income Yield 10.24%
Lev Adj NAV Yield 6.22%
Av Yield on Debt Investments 9.40
Distribution Frequency Q
Current Distribution $0.450
Current Income $0.450
Ex-Date 12/19/19
Payable Date 1/6/20
Div Growth (3yr) 0.00%
Dividend Change -25.0% on 8/4/16
Expected Div 2/4/20
RoC (1yr) 0.00%
RoC (3yr) 11.56%
Tax Dividend Data 2018 2015 - 2018
Income 82.1% 73.0%
ST Gains 0% 0%
QDI 0% 3.1%
LT Gains 0% 0%
RoC 17.9% 27.0%
Volume & Liquidity
Average Daily $ (M) $8,741
Avg Volume 30 day 572,898
Avg Volume 90 day 497,239
Volume Trend 15.22%
Comp Volume Trend -3.23%
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): TCPC 69.0%
Price St Dev (1Yr) 14.9%
NAV St Dev (1Yr) 1.7%
Earnings / Share (9/30/19) $0.533
Adj Core NII Coverage 118.44%
1 Yr Avg NII Coverage 109.39%
1 Yr Avg Adj Core NII Coverage 109.39%
NII Trend 12.25%
Adj Core NII Trend 12.25%
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 % 0.96%
% Loans with Libor Floor 64%


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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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