AFT - Apollo Tactical Income Fund: Use This Tactical Opportunity To Increase Your Income
2024-04-14 23:44:49 ET
Summary
- Pending merger of Apollo CEFs AIF and AFT with BDC MFIC presents a unique investment opportunity.
- Buying shares of AIF now offers monthly income and potential capital gains from the merger.
- AIF shareholders will receive shares of MFIC common stock based on NAV conversion and bonus supplemental cash dividends if the merger is approved.
Now and then, over my many years investing in the stock market, I have observed that there comes a time to take advantage of a unique opportunity. I see several of those types of opportunities right now, but one specifically that I wanted to discuss with my readers is the pending merger of the two Apollo CEFs: AIF and AFT, with the BDC that is also under the Apollo umbrella that is called MidCap Financial Investment Corporation (MFIC)....
Apollo Tactical Income Fund: Use This Tactical Opportunity To Increase Your Income