SOURCE: Apollo Investment Corporation

June 16, 2005 16:00 ET

Apollo Investment Corporation Announces First Fiscal Quarter Dividend of $0.31 per Share

NEW YORK, NY -- (MARKET WIRE) -- June 16, 2005 -- Apollo Investment Corporation (NASDAQ: AINV) announces that its Board of Directors has declared a first fiscal quarter dividend of $0.31 per share, payable on June 30, 2005 to shareholders of record as of June 23, 2005. The ex-dividend date is June 21, 2005. The dividend includes a portion of gains realized during the quarter. Specific tax characteristics of all dividends will be reported to shareholders on Form 1099 after the end of the year.


Apollo Investment Corporation, or the Company, is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company's investment portfolio will be principally in middle-market private companies. The Company expects to invest primarily in mezzanine loans and senior secured loans in furtherance of its business plan and may invest in the equity of portfolio companies. From time to time, the Company may also invest in public companies that are not thinly traded. Apollo Investment Corporation is managed by Apollo Investment Management, L.P., an affiliate of Apollo Management, L.P., a leading private equity investor.


Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statements made herein.

Contact Information

    Richard L. Peteka
    Apollo Investment Corporation