Apollo Senior Floating Rate Fund

Apollo Senior Floating Rate Fund, Inc. operates as a closed-end investment management company. It seeks to achieve its investment objective by investing primarily in senior, secured loans made to companies whose debt is rated below investment grade, and investments with similar characteristics. The company was founded in 2011 and is headquartered in New York, NY.

NEW YORK, May 10, 2024 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of May 2024 of $0.140 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares May 2024 Monthly Distribution of $0.140 Per Share

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$178.25   Dynamic Income Opportunities Fund (NYSE:PDO) 14.21% $177.63 Apollo Senior Floating Rate Fund Inc.

Want $1,200 per Month in Passive Income? Invest in These Stocks

NEW YORK, April 12, 2024 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of April 2024 of $0.140 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares April 2024 Monthly Distribution of $0.140 Per Share

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We review CEF market valuation and performance through the third week of March and highlight recent market action. Most CEF sectors saw lower NAVs due to the drop in stocks and Treasuries, but discounts tightened in all but 3 sectors. Saba is in a fight with ASA Gold & Precious Metals CEF, which has adopted a rights offering to dilute Saba.

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NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of March 2024 of $0.137 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares March 2024 Monthly Distribution of $0.137 Per Share

We review CEF market valuation and performance through the first week of March and highlight recent market action. CEFs were mostly up on the week, driven by a decent PCE report. CEF investors have to contend with different levels of fund-level reporting, with semi-annual reports being particularly unhelpful.

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NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of February 2024 of $0.137 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares February 2024 Monthly Distribution of $0.137 Per Share

In this article, we discuss why we recently rotated into the loan closed-end fund Apollo Senior Floating Rate Fund from its sister fund Apollo Tactical Income Fund Inc. The AFT CEF is trading at an 8.5% discount and a 12% current yield. AFT has outperformed the loan CEF sector in total NAV terms and has increased its distribution by 72% since 2022.

AFT: Why We Rotated Into This 12%-Yielding Loan CEF (Rating Upgrade)

AFT is an income fund that offers a high yield over time for income investors. While its assets are not considered investment grade, they are backed by collateral and supported by protective covenants. Dividend history has shown the durability of its portfolio, with cuts being short-lived and yields on cost remaining attractively high.

AFT: A Good Fund For Floating Income

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Undervalued industries, regions, and equity market segments offer investors the potential for strong, market-beating returns. There are ETFs tracking most of these. An overview of these follows.

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NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of January 2024 of $0.137 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares January 2024 Monthly Distribution of $0.137 Per Share

NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of December 2023 of $0.137 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares December 2023 Monthly Distribution of $0.137 Per Share

Apollo Senior Floating Rate Fund offers a high level of current income with a 12.36% yield, outperforming other debt funds. The AFT closed-end fund's focus on floating-rate securities allows it to avoid the impact of interest rate swings and maintain stable returns. The fund's holdings primarily consist of below-investment-grade securities, but the majority have a credit rating of B- or above, so we should not have default problems.

AFT: A Good Floater If The Market Is Wrong About Rates, Or A Potential Hedge

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We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat on the week as markets consolidated after a recent run-up. All BDCs in coverage are in green for the month. Mid-Cap Financial Investment Corp. announced a merger agreement with two Apollo loan CEFs - not something we see every day.

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NEW YORK, Nov. 10, 2023 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of November 2023 of $0.135 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares November 2023 Monthly Distribution of $0.135 Per Share

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Floating rate securities have strong yields, low duration, and have significantly outperformed YTD. There are several strong floating rate funds available to investors. Credit risk varies, but there are options with minimal risk and high yields in the floating rate space.

The Best Floating Rate Funds For Income Investors And Retirees

NEW YORK, Oct. 12, 2023 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of October 2023 of $0.135 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares October 2023 Monthly Distribution of $0.135 Per Share

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Interest rates are likely to remain elevated due to the strong U.S. economy, despite inflation concerns. The U.S. debt has reached a record high, and fears of a government shutdown are exacerbating market concerns. Investing in CEFs that hold floating rate senior loans can provide a high yield income stream that benefits from rising interest rates.

Rising Interest Rates Got You Down? Try Floating Above The Fear

Senior loans offer some of the highest yields in the market today. AFT is a particularly strong senior loan CEF, with a growing 11.5% yield, and large 11.3% discount. Both are strong on an absolute basis, and higher than average. An overview of the fund follows.

AFT: Senior Loan CEF, Double-Digit Distribution Yield And Discount

NEW YORK, Sept. 11, 2023 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of September 2023 of $0.129 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares September 2023 Monthly Distribution of $0.129 per Share

Apollo Senior Floating Rate Fund focuses on senior secured leveraged loans, with a portfolio mainly consisting of single 'B' rated collateral. The fund has performed well, generating a total return of over 13% in the past year, benefiting from higher rates. The fund trades at a discount to NAV, which is expected to persist, but it has a low discount beta and is a good option for buy-and-hold investors.

AFT: Grow Your Income With This 11% Yielding CEF

NEW YORK, Aug. 11, 2023 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of August 2023 of $0.126 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares August 2023 Monthly Distribution of $0.126 Per Share

NEW YORK, July 14, 2023 (GLOBE NEWSWIRE) -- (NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of July 2023 of $0.126 per common share, payable on the date noted below.

Apollo Senior Floating Rate Fund Inc. Declares July 2023 Monthly Distribution of $0.126 Per Share

Blackstone Long-Short Credit Income Fund

Fidgety credit markets have knocked down prices on healthy performing senior corporate loans, as well as many other credit asset classes. Wrap those loans in a closed-end fund, and then discount the CEF's market price, and you get a second discount. Like shopping with "double coupons" at your local grocery store.

News for Apollo Senior Floating Rate Fund ETF (AFT)