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Apollo Credit Management announced that at a recent Joint Special Meeting, stockholders approved the reorganization of Apollo Senior Floating Rate Fund (AFT) into Apollo Tactical Income Fund Inc. (AIF). This approval includes the issuance of additional shares of AIF common stock. The meeting for AFT stockholders has been adjourned until August 9, 2021, providing them more time to submit voting instructions. The reorganization requires AFT stockholder approval and is detailed in the Proxy Statement dated May 18, 2021.
The Board of Directors of Apollo Senior Floating Rate Fund and Apollo Tactical Income Fund announced the approval for the reorganization of Apollo Senior Floating Rate Fund (AFT) into Apollo Tactical Income Fund (AIF). This reorganization is expected to complete by the end of Q2 2021, pending shareholder approvals and customary conditions. Shareholders are urged to carefully read the forthcoming Proxy Statement/Prospectus for detailed information regarding the reorganization, investment objectives, risks, and expenses.
Apollo Senior Floating Rate Fund Inc. (NYSE: AFT) has declared a special year-end distribution of $0.099 per common share. The distribution will be payable on January 14, 2021, with an ex-date of December 30, 2020, and a record date of December 31, 2020. This distribution is estimated to be fully funded by net investment income. Shareholders will receive a Form 1099-DIV for their tax records after the year-end, detailing the distribution's composition for federal tax purposes. The announcement includes forward-looking statements regarding potential risks and uncertainties.
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