Apollo Debt Solutions Announces Monthly Distribution Increase
16 November 2022 - 10:09PM
Apollo Debt Solutions BDC (“ADS” or the “Fund”) today announced
that it has increased its regular monthly distribution from $0.1408
per share to $0.1600 per share, which represents an increase in
annualized distribution rate from 7.3% to 8.3% (for Class I Common
Shares) based on the October NAV per share of $23.07.1 ADS’ Board
of Trustees (the “Board”) approved the increase in distribution,
starting with the November 2022 monthly distribution, which is
payable to shareholders of record as of November 30, 2022 and will
be paid on or about December 27, 2022.
The increase in the regular monthly distribution
is driven by the Fund’s higher level of core earnings, primarily
from the positive impact of rising rates and attractive spreads on
the Fund’s directly originated loan investments.
- For Class S
Common Shares, an increased net distribution of $0.1439,
representing a 7.5% annualized distribution yield, and for Class D
Common Shares, an increased net distribution of $0.1553,
representing an 8.1% annualized distribution yield, in each case,
based on October NAV per share of $23.07.
About Apollo Debt Solutions
Apollo Debt Solutions BDC (the “Fund”) is a
regulated, non-listed BDC that provides individual investors access
to investments targeted by the largest institutions. We believe it
provides investors with a stronger and more diversified path to
value than is typically available — and aims to offer a more
beneficial risk-adjusted profile than public equivalents. The Fund
focuses on senior secured large corporate direct origination, and,
to a lesser extent, broadly syndicated loans and middle market
direct lending. Together, we believe these attributes help position
our BDC to perform.
Forward-Looking Statements
Certain information contained in this
communication constitutes “forward-looking statements” within the
meaning of the federal securities laws and the Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by the use of forward-looking terminology, such as
“outlook,” “indicator,” “believes,” “expects,” “potential,”
“continues,” “may,” “can,” “will,” “should,” “seeks,”
“approximately,” “predicts,” “intends,” “plans,” “estimates,”
“anticipates”, “confident,” “conviction,” “identified” or the
negative versions of these words or other comparable words thereof.
These may include financial projections and estimates and their
underlying assumptions, statements about plans, objectives and
expectations with respect to future operations, statements
regarding future performance, statements regarding economic and
market trends and statements regarding identified but not yet
closed investments. Such forward-looking statements are inherently
uncertain and there are or may be important factors that could
cause actual outcomes or results to differ materially from those
indicated in such statements. ADS believes these factors also
include but are not limited to those described under the section
entitled “Risk Factors” in its prospectus, and any such updated
factors included in its periodic filings with the Securities and
Exchange Commission (the “SEC”), which are accessible on the SEC’s
website at www.sec.gov. These factors should not be construed as
exhaustive and should be read in conjunction with the other
cautionary statements that are included in this document (or ADS’s
prospectus and other filings). Except as otherwise required by
federal securities laws, ADS undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future developments or otherwise.
Apollo Contact Information
For Investors:
Lucy Lu MunroInvestor Relations(917)
286-5873GlobalWealth@Apollo.com
Joanna RoseGlobal Head of Corporate
CommunicationsApollo Global Management, Inc.(212)
822-0491Communications@apollo.com
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