Apollo Senior Floating Rate Fund Inc. Conclusion of Special Meeting
09 August 2021 - 10:15PM
Apollo Credit Management, LLC (“Apollo”) announced today that at a
Special Meeting of shareholders of Apollo Senior Floating Rate Fund
Inc. (NYSE: AFT) on August 9, 2021, shareholders did not approve
the proposals applicable to AFT described in the Joint Proxy
Statement/Prospectus of Apollo Tactical Income Fund, Inc. dated May
18, 2021 (the “Proxy Statement”). As a result, the Special Meeting
of shareholders of AFT has been concluded.
Additional Information
AFT and Apollo Tactical Income Fund, Inc. (the
“Funds”) and their respective directors, officers and employees,
and Apollo and its affiliates and its and their shareholders,
officers and employees and other persons may be deemed to be
participants in the solicitation of proxies with respect to the
reorganization described in the Proxy Statement. Investors and
shareholders may obtain more detailed information regarding the
direct and indirect interests of the Funds’ respective directors,
officers and employees, and Apollo and its shareholders, officers
and employees and other persons by reading the Proxy Statement.
INVESTORS AND SECURITY HOLDERS OF THE FUNDS ARE
URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH
THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THESE DOCUMENTS
CONTAIN IMPORTANT INFORMATION. INVESTORS SHOULD CONSIDER THE
INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE FUNDS
CAREFULLY. THE PROXY STATEMENT CONTAINS INFORMATION WITH RESPECT TO
THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE
FUNDS.
The Proxy Statement does not constitute an offer
to buy or sell securities in any state where such offer or sale is
not permitted. Security holders may obtain free copies of the Proxy
Statement and other documents filed with the SEC at the SEC’s web
site at www.sec.gov or by visiting
https://www.apollofunds.com/apollo-funds-shareholder-meetings. In
addition, free copies of the Proxy Statement and other documents
filed with the SEC may also be obtained by directing a request
to:
Apollo Contact Information:
Product Literature877-864-4834
InvestorsElizabeth BesenInvestor Relations
ManagerApollo Global Management,
Inc.212-822-0625ebesen@apollo.com
Forward-Looking Statements
This press release may contain statements that
are forward looking, as that term is defined by the Private
Securities Litigation Reform Act of 1995 or by the Securities and
Exchange Commission in its rules, regulations and releases. These
statements include, but are not limited to, discussions related to
each Fund’s expectations regarding the performance of its business,
its liquidity and capital resources and the other non-historical
statements in the discussion and analysis. These forward-looking
statements are based on management’s beliefs, as well as
assumptions made by, and information currently available to,
management. When used in this release, the words “believe,”
“anticipate,” “estimate,” “expect,” “intend” and similar
expressions are intended to identify forward-looking statements.
Although management believes that the expectations reflected in
these forward-looking statements are reasonable, it can give no
assurance that these expectations will prove to have been correct.
These statements are subject to certain risks, uncertainties and
assumptions, including risks relating to our dependence on certain
key personnel, our ability to raise new Private Equity or Capital
Markets funds, market conditions, generally, our ability to manage
our rapid growth, fund performance, changes in our regulatory
environment and tax status, the variability of our revenue, net
income and cash flow, our use of leverage to finance our businesses
and investments by our funds and litigation risks, among
others.
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