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Net investment income per share for the quarter was $0.54 compared to $0.53 for the quarter ended September 30, 2019
Net asset value per share as of the end of the quarter was $18.27 compared to $18.69 as of September 30, 2019, a decrease of 2.3%
95% of net losses incurred during the quarter were attributable to non-core and legacy assets(1)
Continued to successfully execute our prudent portfolio growth strategy by increasing our exposure to core assets(2) and reducing our exposure to non-core and legacy assets,(1) as well as second lien loans
Core assets(2) increased to 88%(3) of the portfolio and non-core and legacy assets(1) decreased to 12%(5) of the portfolio as of the end of the quarter
Non-core and legacy asset(1) sales and repayments totaled $46 million during the quarter
Second lien sales and repayments totaled $62 million during the quarter
Gross corporate lending commitments made during the quarter totaled $491 million
Gross fundings during the quarter totaled $399 million(4) and net fundings totaled $171 million(5)
Net leverage(6) as of the end of the quarter was 1.43x, compared to 1.24x as of September 30, 2019
Declared a distribution of $0.45 per share
Repurchased 0.5 million shares of common stock for an aggregate cost of $7.8 million during the quarter
Non-core assets include oil & gas, structured credit, renewables, shipping and commodities.
Core assets include leveraged lending, life sciences, asset based, lender finance and aviation.
On a fair value basis.
Excludes $131 million of gross fundings for revolvers.
Includes $1 million net fundings for revolvers and a $2 million repayment from Merx Aviation.
The Company’s net leverage ratio is defined as debt outstanding plus payable for investments purchased, less receivable for investments sold, less cash and cash equivalents, less foreign currencies, divided by net assets.
The following information was filed by Apollo Investment Corp (AINV) on Tuesday, February 4, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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