Welcome to our dedicated page for Apollo Tactical Income Fund news (Ticker: AIF), a resource for investors and traders seeking the latest updates and insights on Apollo Tactical Income Fund stock.
Apollo Tactical Income Fund Inc. (NYSE: AIF) is a closed-end management investment company focused on generating current income while preserving capital. The fund seeks to achieve this objective by diversifying its investments across various credit instruments. This strategic allocation is based on both absolute and relative value assessments, as well as an in-depth analysis of the credit markets.
Established to offer investors a reliable income stream, Apollo Tactical Income Fund Inc. leverages the expertise of Apollo Global Management, a leading global alternative investment manager. The fund’s portfolio is actively managed to optimize returns while mitigating risks, ensuring a balanced approach to income generation and capital preservation.
In its recent activity, the fund announced a distribution of $0.125 per common share for October 2023, with similar distributions for the following months, reflecting its commitment to providing consistent income to its shareholders. These distributions are scheduled to be paid at the end of each respective month, with specific key dates for ex-dividends and record dates, ensuring transparency and regular income for investors.
The fund's ability to adapt its strategy based on market conditions and credit analysis makes it a valuable option for investors seeking a blend of income and stability. Apollo Tactical Income Fund Inc. navigates the complexities of the credit markets with a focus on maintaining liquidity and capital resources, bolstered by the robust infrastructure and expertise of Apollo Global Management.
For additional information, investors can contact Elizabeth Besen, Investor Relations Manager at Apollo Global Management, Inc., ensuring direct and efficient communication regarding the fund's performance, strategies, and upcoming distributions. Investors can also access product literature and other resources to stay informed about the fund's activities and updates.
Apollo Senior Floating Rate Fund and Apollo Tactical Income Fund have declared pre-merger distributions ahead of their anticipated mergers with MidCap Financial Investment These distributions are set to fully distribute accumulated undistributed net investment income before the mergers' expected closure in late July. Both funds have announced an ex-dividend date and record date of July 11, 2024, with payment occurring on July 18, 2024. Distribution amounts are $0.2463 per share for Apollo Senior Floating Rate Fund and $0.2862 per share for Apollo Tactical Income Fund. It's noted that these payments will be in cash, and tax characteristics will be reported within 45 days post-merger closure. Additionally, both funds have suspended their dividend reinvestment plans effective July 1, 2024.
Apollo Tactical Income Fund announced a June 2024 monthly distribution of $0.144 per common share, correcting a previous error in the release date.
The important dates are as follows: Ex-Date and Record Date are June 21, 2024, and the Payment Date is June 28, 2024.
This correction addresses an inadvertent error in the initial announcement issued on June 11, 2024.
Apollo Tactical Income Fund (NYSE: AIF) has announced its June 2024 monthly distribution of $0.144 per common share. The key dates for this distribution are:
Ex-Date: June 20, 2024
Record Date: June 21, 2024
Payment Date: June 28, 2024
Shareholders are advised to note these dates for their records. For additional information, contact Elizabeth Besen at Apollo Global Management.
Apollo Tactical Income Fund Inc. declared a monthly distribution of $0.144 per share for May 2024. The Ex-Date is May 22, 2024, the Record Date is May 23, 2024, and the Payment Date is May 31, 2024. Investors can contact Elizabeth Besen, Investor Relations Manager, for more information.
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