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MidCap Financial Investment (MFIC), Apollo Senior Floating Rate Fund (AFT), and Apollo Tactical Income Fund (AIF) announced the expected closing date for their mergers. These mergers are anticipated to finalize before the Nasdaq Global Select Market opens on July 22, 2024, contingent on customary conditions. In conjunction with the mergers, a special cash payment of $0.25 per share will be given to AFT and AIF stockholders around the closing date, in addition to pre-merger distributions declared on July 1, 2024. AFT and AIF stockholders will receive MFIC shares based on the net asset value per share at the merger's closing. Post-merger, MFIC will trade under the ticker 'MFIC', and AFT and AIF will cease trading on the NYSE after July 19, 2024.
Key Dates: July 11, 2024, for ex-dividend and record dates, July 18, 2024, for distribution payments, and July 22, 2024, for merger closure and special payment.
Apollo Senior Floating Rate Fund and Apollo Tactical Income Fund announced pre-merger distributions to stockholders on July 1, 2024. The distributions are set to fully dispense each fund's accumulated, undistributed net investment income before merging with MidCap Financial Investment The mergers are expected to close in late July, pending standard closing conditions. The ex-dividend and record date for both funds is July 11, 2024, with payments scheduled for July 18, 2024. AFT will distribute $0.2463 per share, while AIF will distribute $0.2862 per share. Distributions will be paid in cash, and their tax characteristics will be detailed to stockholders within 45 days post-merger. Both funds have suspended their dividend reinvestment plans as of July 1, 2024.
Apollo Senior Floating Rate Fund (NYSE: AFT) has announced a revised June 2024 monthly distribution of $0.140 per share. The distribution will be payable on June 28, 2024, with the ex-date and record date both set for June 21, 2024. This correction updates the original ex-date of June 20, 2024, mentioned in the previous announcement.
Apollo Senior Floating Rate Fund (NYSE: AFT) has declared a $0.140 per share distribution for June 2024. Key dates include: Ex-Date: June 20, 2024, Record Date: June 21, 2024, and Payment Date: June 28, 2024.
Apollo Senior Floating Rate Fund Inc. declared a monthly distribution of $0.140 per share for May 2024. The distribution dates are Ex-Date: May 22, 2024, Record Date: May 23, 2024, and Payment Date: May 31, 2024.
