SOURCE: Apollo Investment Corporation

July 20, 2005 16:59 ET

Apollo Investment Corporation Schedules First Fiscal Quarter Earnings Release for the Periods Ended June 30, 2005

NEW YORK, NY -- (MARKET WIRE) -- July 20, 2005 -- Apollo Investment Corporation (NASDAQ: AINV) announced today that it will report first fiscal quarter earnings for the periods ended June 30, 2005 on Wednesday, August 3, 2005 after the close of the financial markets.

The company will also host a conference call at 10:00 a.m. (Eastern Time) on Thursday, August 4, 2005 to discuss its first fiscal quarter financial results. All interested parties are welcome to participate. You can access the conference call by dialing (877) 780-2271 approximately 5-10 minutes prior to the call. International callers should dial (973) 582-2773. All callers should reference "Apollo Investment Corporation." An archived replay of the call will be available through August 18, 2005 by calling (877) 519-4471. International callers please dial (973) 341-3080. For all replays, please reference pin # 6296193.

About Apollo Investment Corporation

Apollo Investment Corporation 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 invested in middle-market private companies. From time to time, the Company may also invest in public companies. The Company expects to primarily invest in senior secured loans and mezzanine loans and equity in furtherance of its business plan. Apollo Investment Corporation is managed by Apollo Investment Management, L.P., an affiliate of Apollo Management, L.P., a leading private equity investor.

Forward-Looking Statements

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