News / Business
Apollo Investment Corporation (NASDAQ:AINV) to Release Q4 2008 Earnings May 28
Apollo Investment Corporation (NASDAQ:AINV) will release the fourth quarter earnings for 2008 on Wednesday, May 28. A conference call will be held the next day on the 29th at 11:00 am to discuss the financial results. Interested parties may hear the call by visiting apolloic.com/investor_relations.html.
Apollo Investment Corporation (Apollo Investment) is a closed-end, non-diversified management investment company that has filed an election to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act).
The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in middle-market companies in the form of mezzanine and senior secured loans, as well as by making direct equity investments in such companies.
During fiscal year ended March 31, 2007 (fiscal 2007), Apollo Investment invested $1.4 billion across 24 new and several existing portfolio companies. Investments sold or prepaid, during fiscal 2007, totaled $845 million.
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