Apollo Tactical Income Fund Inc. is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade. The fund employs a conservative approach to credit selection that focuses on such factors as collateral coverage, structural seniority, credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams to create its portfolio. Apollo Tactical Income Fund Inc. was formed on February 25, 2013 and is domiciled in the United States.
IPO Year: 2013
Exchange: NYSE
Website: agmfunds.com/InvestmentInformation/TacticalIncomeFu
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/12/2021 | $70.00 → $74.00 | Buy | Canaccord Genuity |
| 9/14/2021 | $58.00 → $63.00 | Neutral | CIBC |
| 8/13/2021 | $63.00 → $73.00 | Outperform | BMO Capital |
NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ:MFIC) today announced that it has completed its previously announced mergers with Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) and Apollo Tactical Income Fund Inc. (NYSE:AIF) (AFT and AIF, together, the "CEFs"). The combined company will operate as MidCap Financial Investment Corporation and will continue to trade on the Nasdaq Global Select Market under the ticker symbol "MFIC." In connection with the closing of the mergers, former AFT stockholders will receive 0.9547 shares of MFIC common stock for each share of AFT common stock they held prior to the closing based on the final exchange ratio
NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ:MFIC), Apollo Senior Floating Rate Fund Inc. (NYSE:AFT), and Apollo Tactical Income Fund Inc. (NYSE:AIF) (AFT and AIF, together, the "CEFs") today announced that the previously announced mergers of the CEFs with and into MFIC are currently expected to close, subject to the satisfaction of customary closing conditions, prior to the opening of the Nasdaq Global Select Market on Monday, July 22, 2024. In addition, as previously announced, an affiliate of Apollo Global Management Inc. will make a special cash payment of $0.25 per share to each AFT and AIF stockholder in connection with (and subj
NEW YORK, June 21, 2024 (GLOBE NEWSWIRE) -- Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) and Apollo Tactical Income Fund Inc. (NYSE:AIF) (AFT and AIF, together, the "CEFs") today announced that both CEFs received stockholder approval of the necessary proposals related to their previously announced mergers with and into MidCap Financial Investment Corporation (NASDAQ:MFIC) at the AFT and AIF special meetings of stockholders reconvened on June 21, 2024. Approximately 88% of AFT's common shares represented at its special meeting (excluding votes abstained or withheld), or approximately 53% of AFT's common shares outstanding, voted in favor of the proposal, satisfying AFT's stockholder app
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. The following dates apply to the declared distribution: Ex-Date: June 20, 2024Record Date: June 21, 2024Payment Date: June 28, 2024Per Share Amount: $0.144 Apollo Contact Information: Product Literature877-864-4834 InvestorsElizabeth BesenInvestor Relations ManagerApollo Global Management, [email protected] Forward-Looking StatementsThis press release may contain statements that are forward looking, as that term is defined by the
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 "
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. The following dates apply to the declared distribution: Ex-Date: May 22, 2024Record Date: May 23, 2024Payment Date: May 31, 2024Per Share Amount: $0.144 Apollo Contact Information: Product Literature877-864-4834 InvestorsElizabeth BesenInvestor Relations ManagerApollo Global Management, [email protected] Forward-Looking StatementsThis press release may contain statements that are forward looking, as that term is defined by the Priv
Results for the Quarter Ended March 31, 2024 and Other Recent Highlights: Net investment income per share for the quarter was $0.44, compared to $0.46 for the quarter ended December 31, 2023 Net asset value per share as of the end of the quarter was $15.42, compared to $15.41 as of December 31, 2023 New investment commitments made during the quarter totaled $149 million(1) Gross fundings, excluding revolver fundings(2), totaled $129 million for the quarter Net fundings, including revolvers(2), totaled $16 million for the quarter
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. The following dates apply to the declared distribution: Ex-Date: April 22, 2024Record Date: April 23, 2024Payment Date: April 30, 2024Per Share Amount: $0.144 Apollo Contact Information: Product Literature877-864-4834 InvestorsElizabeth BesenInvestor Relations ManagerApollo Global Management, [email protected] Forward-Looking StatementsThis press release may contain statements that are forward looking, as that term
Record Dates Set and Special Meetings of Stockholders Scheduled MFIC Board Unanimously Recommends That Stockholders Vote "FOR" the MFIC Share Issuance Proposal AFT Board Unanimously Recommends That Stockholders Vote "FOR" the AFT Merger Proposal AIF Board Unanimously Recommends That Stockholders Vote "FOR" the AIF Merger Proposal NEW YORK, April 04, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ:MFIC), Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) and Apollo Tactical Income Fund Inc. (NYSE:AIF) (AFT and AIF, together, the "CEFs") today announced the filing of a definitive joint proxy statement / prospectus (the "Joint Proxy Statement") with the U.S. Securit
NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- (NYSE:AIF) - Apollo Tactical Income Fund Inc. (the "Fund") today announced the declaration of its distribution for the month of March 2024 of $0.138 per common share, payable on the date noted below. The following dates apply to the declared distribution: Ex-Date: March 20, 2024Record Date: March 21, 2024Payment Date: March 28, 2024Per Share Amount: $0.138 Apollo Contact Information: Product Literature877-864-4834 InvestorsElizabeth BesenInvestor Relations ManagerApollo Global Management, [email protected] Forward-Looking StatementsThis press release may contain statements that are forward looking, as that term is defined b