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AINV - Apollo Investment NII in-line misses on total investment income
Apollo Investment Corporation
Apollo Investment (NASDAQ:AINV): FQ1 NII of $0.39 in-line. Total investment income of $50.55M (-10.8% Y/Y) misses by $0.87M. Net asset value per share as of the end of the quarter was $16.02 compared to $15.88 as of March 31, 2021, an increase of 0.9% driven primarily by net appreciation on the corporate lending portfolio. Net leverage as of the end of the quarter was 1.39x, up from 1.36x as of March 31, 2021. Press Release