Apollo Senior Floating Rate Fund Inc (N:AFT)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 9 West 57th Street, 43rd Floor NEW YORK NY 10019 |
| Tel: | 1-212-8220625 |
| Website: | https://www.apollofunds.com/apollo-senior-floating-rate-fund |
| IR: | See website |
| Key People | ||
| Barry Cohen Chairman of the Board | Joseph A. Moroney President, Chief Investment Officer | Kenneth Seifert Chief Financial Officer, Treasurer |
| Ryan Del Giudice Chief Compliance Officer | Kristin Hester Secretary, Chief Legal Officer | |
| Business Overview |
| Apollo Senior Floating Rate Fund Inc. is a diversified, closed-end management investment company. The Fund's investment objective is to seek current income and preservation of capital. The Fund seeks to achieve its investment objective by investing in senior, secured loans made to companies whose debt is rated below investment grade and investments with similar characteristics. The Fund seeks to generate current income and preservation of capital through a disciplined approach to credit selection and under normal market conditions, the Fund is focused on investing at least 80% of its managed assets in floating rate senior loans and investments with similar economic characteristics. The Fund invests in various sectors, including aerospace and defense; automotive; banking, finance, beverage, food and tobacco; capital equipment; media; healthcare and pharmaceuticals, and energy. Apollo Credit Management, LLC serves as the investment advisor of the Fund. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Apollo Senior Floating Rate Fund Inc revenues increased 48% to $38.7M. Net income totaled $36M vs. loss of $18.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Net change in unrealized depreciation on increase from $26.1M (expense) to $16.9M (income). |
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