Apollo Tactical Income Fund Inc.
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
Peers
Recent Analyst Ratings for Apollo Tactical Income Fund Inc.
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 |
Apollo Tactical Income Fund Inc. Press Releases
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MidCap Financial Investment Corporation Completes Mergers with Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.
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
MidCap Financial Investment Corporation, Apollo Senior Floating Rate Fund Inc., and Apollo Tactical Income Fund Inc. Announce Expected Closing Date for Mergers
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
Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. Announce Stockholder Approval of Mergers with MidCap Financial Investment Corporation
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
Apollo Tactical Income Fund Inc. Declares June 2024 Monthly Distribution of $0.144 Per Share
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, Inc.212-822-0625ebesen@apollo.com Forward-Looking StatementsThis press release may contain statements that are forward looking, as that term is defined by the
MidCap Financial Investment Corporation Announces Stockholder Approval of the Proposal Related to the Proposed Mergers with Apollo Senior Floating Rate Fund Inc. ("AFT") and Apollo Tactical Income Fund Inc. ("AIF"), and AFT and AIF Announce Adjournment of Special Meetings of Stockholders to Allow for Additional Time for Stockholders to Vote "FOR" the Merger Proposals
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 "
Apollo Tactical Income Fund Inc. Declares May 2024 Monthly Distribution of $0.144 Per Share
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, Inc.212-822-0625ebesen@apollo.com Forward-Looking StatementsThis press release may contain statements that are forward looking, as that term is defined by the Priv
MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended March 31, 2024
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
Apollo Tactical Income Fund Inc. Declares April 2024 Monthly Distribution of $0.144 Per Share
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, Inc.212-822-0625ebesen@apollo.com Forward-Looking StatementsThis press release may contain statements that are forward looking, as that term
MidCap Financial Investment Corporation, Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. Announce Filing of Definitive Joint Proxy Statement / Prospectus Relating to Previously Announced Proposed Mergers
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
Apollo Tactical Income Fund Inc. Declares March 2024 Monthly Distribution of $0.138 Per Share
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, Inc.212-822-0625ebesen@apollo.com Forward-Looking StatementsThis press release may contain statements that are forward looking, as that term is defined b
Apollo Tactical Income Fund Inc. Analyst Ratings
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Canaccord Genuity reiterated coverage on Altus Group with a new price target
Canaccord Genuity reiterated coverage of Altus Group with a rating of Buy and set a new price target of $74.00 from $70.00 previously
CIBC reiterated coverage on Altus Group with a new price target
CIBC reiterated coverage of Altus Group with a rating of Neutral and set a new price target of $63.00 from $58.00 previously
BMO Capital reiterated coverage on Apollo Tactical Income with a new price target
BMO Capital reiterated coverage of Apollo Tactical Income with a rating of Outperform and set a new price target of $73.00 from $63.00 previously
Canaccord Genuity reiterated coverage on Altus Group with a new price target
Canaccord Genuity reiterated coverage of Altus Group with a rating of Buy and set a new price target of $70.00 from $59.00 previously
Apollo Tactical Income Fund Inc. Insider Trading
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Officer Vanek James returned 13,880 units of Common Stock to the company, closing all direct ownership in the company (SEC Form 4)
4 - Apollo Tactical Income Fund Inc. (0001526697) (Issuer)
Director Stein Elliot Jr returned 600 units of Common Stock to the company, closing all direct ownership in the company (SEC Form 4)
4 - Apollo Tactical Income Fund Inc. (0001526697) (Issuer)
SEC Form 3 filed by new insider Coffey Meredith
3 - Apollo Tactical Income Fund Inc. (0001526697) (Issuer)
Cohen Barry J. sold $210,164 worth of shares (13,882 units at $15.14) (SEC Form 4)
4 - Apollo Tactical Income Fund Inc. (0001526697) (Issuer)
SEC Form 3: New insider Vanek James claimed ownership of 13,880 shares
3 - Apollo Tactical Income Fund Inc. (0001526697) (Issuer)
SEC Form 3 filed by new insider Delgiudice Ryan
3 - Apollo Tactical Income Fund Inc. (0001526697) (Issuer)
SEC Form 3 filed by new insider Hester Kristin
3 - Apollo Tactical Income Fund Inc. (0001526697) (Issuer)
SEC Form 4: Cohen Barry J. bought $97,068 worth of shares (7,882 units at $12.32)
4 - Apollo Tactical Income Fund Inc. (0001526697) (Issuer)
SEC Form 3 filed by new insider Seifert Kenneth Lee Jr.
3 - Apollo Tactical Income Fund Inc. (0001526697) (Issuer)
SEC Form 4: Borden Robert L bought $12,846 worth of shares (1,000 units at $12.85), increasing direct ownership by 50% to 3,000 units
4 - Apollo Tactical Income Fund Inc. (0001526697) (Issuer)
Apollo Tactical Income Fund Inc. SEC Filings
SEC Form N-CSRS filed by Apollo Tactical Income Fund Inc.
N-CSRS - Apollo Tactical Income Fund Inc. (0001526697) (Filer)
SEC Form 25-NSE filed by Apollo Tactical Income Fund Inc.
25-NSE - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form 425 filed by Apollo Tactical Income Fund Inc.
425 - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form 425 filed by Apollo Tactical Income Fund Inc.
425 - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form 425 filed by Apollo Tactical Income Fund Inc.
425 - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form 425 filed by Apollo Tactical Income Fund Inc.
425 - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form DEFA14A filed by Apollo Tactical Income Fund Inc.
DEFA14A - Apollo Tactical Income Fund Inc. (0001526697) (Filer)
SEC Form DEF 14A filed by Apollo Tactical Income Fund Inc.
DEF 14A - Apollo Tactical Income Fund Inc. (0001526697) (Filer)
SEC Form 425 filed by Apollo Tactical Income Fund Inc.
425 - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form 425 filed by Apollo Tactical Income Fund Inc.
425 - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
Apollo Tactical Income Fund Inc. Financials
Live finance-specific insights
MidCap Financial Investment Corporation, Apollo Senior Floating Rate Fund Inc., and Apollo Tactical Income Fund Inc. Announce Expected Closing Date for Mergers
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
MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended March 31, 2024
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
MidCap Financial Investment Corporation Reports Financial Results for the Quarter and Fiscal Year Ended December 31, 2023
Results for the Quarter and Fiscal Year Ended December 31, 2023 and Other Recent Highlights: Net investment income per share for the quarter was $0.46, compared to $0.43 for the quarter ended September 30, 2023 Net asset value per share as of the end of the quarter was $15.41, compared to $15.28 as of September 30, 2023, an increase of 0.9% due to net investment income in excess of the dividend and a net gain on the portfolioNew investment commitments made during the quarter totaled $175 million(1)Gross fundings, excluding revolver fundings(2), totaled $114 million for the quarterNet repayments, including revolvers(2), totaled $47 million for the quarterNet leverage(3) was 1.34x as
MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended September 30, 2023 and Announces Merger Agreements with Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.
Results for the Quarter Ended September 30, 2023 and Other Recent Highlights: Net investment income per share for the quarter was $0.43, compared to $0.44 for the quarter ended June 30, 2023 Net asset value per share as of the end of the quarter was $15.28, compared to $15.20 as of June 30, 2023, an increase of $0.08 per share primarily due to net investment income in excess of the dividendNew investment commitments made during the quarter totaled $20 million(1)Gross fundings excluding revolver fundings, totaled $16 million and net repayments including revolvers, totaled $43 million for the quarterNet leverage(2) was 1.40x as of September 30, 2023Declared a dividend of $0.38 per share for t
MidCap Financial Investment Corporation Announces Merger Agreements with Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.
Transaction Provides Financial and Strategic Benefits to All Shareholders Creates a Larger, More Scaled BDC Focused on Middle Market Direct Lending Combined Company Will Have Approximately $3.4 Billion of Total Investments and $1.4 Billion of Net Assetsi NEW YORK, Nov. 07, 2023 (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 they have entered into separate definitive agreements pursuant to which AFT and AIF will merge with and into MFIC (the "Mergers" or the "Transactions"), subject to certain shareholder ap
Apollo Tactical Income Fund Inc. Declares Special Year-End Distribution of $0.102 Per Share
NEW YORK, Dec. 21, 2020 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of a special year-end distribution of $0.102 per common share, payable on the date noted below. The following dates apply to the declared distribution: Ex-Date: December 30, 2020Record Date: December 31, 2020Payment Date: January 14, 2021Per Share Amount: $0.102 As required under the Investment Company Act of 1940, a notice with the estimated components of the distribution will be sent to shareholders at the time of payment if the distribution does not consist solely of net investment income. At present, it is estimated that the Fund’s special year-end
Apollo Tactical Income Fund Inc. Declares December 2020 Monthly Distribution of $0.076 Per Share
NEW YORK, Dec. 07, 2020 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of December 2020 of $0.076 per common share, payable on the date noted below. The following dates apply to the declared distribution: Ex-Date: December 16, 2020Record Date: December 17, 2020Payment Date: December 31, 2020Per Share Amount: $0.076 Apollo Contact Information: Product Literature877-864-4834 InvestorsTaylor ReinhardtInvestor Relations DirectorApollo Global Management, Inc.917-472-4030treinhardt@apollo.com Forward-Looking StatementsThis press release may contain statements that are forward looking, as that
Apollo Tactical Income Fund Inc. Large Ownership Changes
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SEC Form SC 13G/A filed by Apollo Tactical Income Fund Inc. (Amendment)
SC 13G/A - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form SC 13G/A filed by Apollo Tactical Income Fund Inc. (Amendment)
SC 13G/A - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form SC 13G/A filed by Apollo Tactical Income Fund Inc. (Amendment)
SC 13G/A - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form SC 13G/A filed by Apollo Tactical Income Fund Inc. (Amendment)
SC 13G/A - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form SC 13G/A filed by Apollo Tactical Income Fund Inc. (Amendment)
SC 13G/A - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form SC 13G/A filed by Apollo Tactical Income Fund Inc. (Amendment)
SC 13G/A - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form SC 13G/A filed by Apollo Tactical Income Fund Inc. (Amendment)
SC 13G/A - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form SC 13G filed by Apollo Tactical Income Fund Inc.
SC 13G - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form SC 13G/A filed by Apollo Tactical Income Fund Inc. (Amendment)
SC 13G/A - Apollo Tactical Income Fund Inc. (0001526697) (Subject)
SEC Form SC 13G filed by Apollo Tactical Income Fund Inc.
SC 13G - Apollo Tactical Income Fund Inc. (0001526697) (Subject)