Brief: Apollo Investment Increases Quarterly Base Distribution From $0.31 To $0.32 Per Share

Midcap Financial Investment

02/08/2022 11:20

Aug 2 (Reuters) - Apollo Investment Corp  AINV.O :
    * SAYS INCREASES QUARTERLY BASE DISTRIBUTION FROM $0.31 TO
$0.32
PER SHARE
    * SAYS APPOINTED HOWARD WIDRA, APOLLO'S HEAD OF DIRECT
ORIGINATION, TO EXECUTIVE CHAIRMAN OF BOARD OF DIRECTORS
    * SAYS PROMOTED TANNER POWELL TO CHIEF EXECUTIVE OFFICER,
TED
MCNULTY TO PRESIDENT, AND KRISTIN HESTER TO CHIEF LEGAL OFFICER
    * CO'S BASE MANAGEMENT FEE PERMANENTLY REDUCED TO 1.75% ON
NET
ASSETS FROM EQUIVALENT OF APPROXIMATELY 3.4% ON NET ASSETS
    * WILL CHANGE NAME FROM APOLLO INVESTMENT CORP TO MIDCAP
FINANCIAL
INVESTMENT CORP EFFECTIVE ON OR AROUND AUGUST 12, 2022
    * APOLLO WILL CONTINUE TO SERVE AS INVESTMENT ADVISER OF CO;
COMMON STOCK WILL BEGIN TO TRADE UNDER TICKER "MFIC" ON NASDAQ
MARKET

Source text for Eikon:  ID:nGNX7hBXN4 
Further company coverage:  AINV.O 

 ((Reuters.Briefs@thomsonreuters.com;))