Apollo Investment Corp. (AINV) is an average business development company and not a preferred income vehicle anymore for investors that want to bet on rising interest rates. The business development company covers its payout with net investment income, but only narrowly. Though shares are priced at a discount to net asset value and are one of the cheapest in the sector, I no longer recommend AINV as a "Buy" for income investors. An investment in AINV at today's price point yields 11.3 percent.
Apollo Investment Corp. - Business Structure And Portfolio Review
Apollo