AINV News and Press, Apollo Investment Corporation From 02/14/22

The probability of a mistake from the Federal Reserve increased. Rather than relying on market prices, the Federal Reserve relies on the prices that were paid. Seems reasonable, but the prices paid could be under old contracts. By ignoring clear signs about changes in market price...

BDCs continue to outperform in an inflationary and rising interest rate environment as investors prepare for higher rates that are accretive to BDC earnings to support higher dividends. Many equity REITs and most mortgage REITs have had negative stock price performance over the last 2...

We take a look at the action in BDCs through the first week of February and highlight some of the key themes we are watching. The BDC sector has bounced back this week with the rise in short-end Treasury yields as well as stocks. We highlight some of the themes of this earnings se...

As the market tumbles, high yielding preferred shares are going on sale. Some of these shares are usually quite stable, so these sales are rare. We’ve shifted from having almost zero bullish ratings in the sector to more than half bullish outlooks. We’re sharing ...

Investors might expect a $0.35-$0.36 per quarter dividend long-term. Apollo finished test driving its latest model with some polishing left in exchanging non-core investments for core. The non-core investments now being exchanged include two shipping businesses plus an undeveloped...

History demonstrates that these shares go on sale when investors are worried about how quickly interest rates are changing. Prices have been higher even when interest rates were higher. It’s all about the speed. Friday’s close saw some opportunities going from good t...

MAIN is considered a best-of-breed BDC currently yielding around 6% and will be announcing Q4 results soon. MAIN provided preliminary Q4 results and portfolio activity which is discussed in this update and will have an impact on dividends. MAIN typically announces dividends two to...

We will share one of our picks that recently went on sale. It’s also one of our larger allocations. The sudden dip has less to do with current interest rates and more to do with the speed at which interest rates changed. Discounting future cash flows doesn't explain the cha...

The following slide deck was published by Apollo Investment in conjunction with their 2022 Q3 earnings call. For further details see: Apollo Investment 2022 Q3 - Results - Earnings Call Presentation

Apollo Investment Corporation (AINV) Q3 2022 Earnings Conference Call February 3, 2022 05:00 PM ET Company Participants Elizabeth Besen - Investor Relations Manager Howard Widra - Chief Executive Officer Tanner Powell - President and Chief Investment Officer Greg Hunt - Chief Financial Office...