Apollo Tactical Income Fund, Inc.

Apollo Funds offers investment management and fund management services.

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Steven Bavaria discusses his investing strategy, focusing on generating income through high-yield assets like closed-end funds and credit markets. He emphasizes the importance of sticking with a strategy that aligns with one's risk tolerance and long-term goals, whether it's traditional equity investing or an income factory approach.

Steven Bavaria Takes Investors Inside The Income Factory

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Apollo Senior Floating Rate Fund Inc. (NYSE: AFT) and Apollo Tactical Income Fund Inc. (NYSE: AIF) today declared pre-merger distributions to their respective stockholders. The specific distribution dates and amounts are detailed below. As previously announced, AFT and AIF received stockholder approval of the necessary proposals related to their mergers with and into MidCap Financial Investment Corporation (NASDAQ: MFIC), and the mergers are currently expected to close in late July, subject to the satisfaction of customary closing conditions. The pre-merger distributions are intended to fully distribute AFT's and AIF's accumulated undistributed net investment income prior to the closing of their mergers with and into MFIC, as required pursuant to the terms of the merger agreements previously signed by AFT and AIF.

Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. Declare Pre-Merger Distributions

In the news release, “Apollo Tactical Income Fund Inc. Declares June 2024  Monthly Distribution of $0.144 Per Share,” issued 11-Jun-2024 by Apollo Tactical Income Fund Inc. over GlobeNewswire, we are advised by the Fund that the third paragraph, first sentence reading “Ex-Date,” should read “June 21, 2024” rather than “June 20, 2024” as originally issued inadvertently. The complete, corrected release follows:

CORRECTION -- Apollo Tactical Income Fund Inc. Declares June 2024 Monthly Distribution of $0.144 Per Share

NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of June 2024 of $0.144 per common share, payable on the date noted below.

Apollo Tactical Income Fund Inc. Declares June 2024 Monthly Distribution of $0.144 Per Share

NEW YORK, May 10, 2024 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of May 2024 of $0.144 per common share, payable on the date noted below.

Apollo Tactical Income Fund Inc. Declares May 2024 Monthly Distribution of $0.144 Per Share

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Naturally, one should monitor their portfolio on a regular basis in case there are any news events or market circumstances that can affect a stock price or its dividend adversely.

Want $2000 In Passive Income? Invest $1000 Into These Dividend Stocks

Pending merger of Apollo CEFs AIF and AFT with BDC MFIC presents a unique investment opportunity. Buying shares of AIF now offers monthly income and potential capital gains from the merger. AIF shareholders will receive shares of MFIC common stock based on NAV conversion and bonus supplemental cash dividends if the merger is approved.

Apollo Tactical Income Fund: Use This Tactical Opportunity To Increase Your Income

NEW YORK, April 12, 2024 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of April 2024 of $0.144 per common share, payable on the date noted below.

Apollo Tactical Income Fund Inc. Declares April 2024 Monthly Distribution of $0.144 Per Share

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The 'Undercovered' Dozen From March 2024

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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.

CEF Weekly Review: Saba Takes The Gloves Off

NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of March 2024 of $0.138 per common share, payable on the date noted below.

Apollo Tactical Income Fund Inc. Declares March 2024 Monthly Distribution of $0.138 Per Share

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Neuberger Berman High Yield Strategies Fund offers a very high level of income with a 13.46% current yield, higher than most other closed-end funds.

NHS: This Fund Is Looking Very Expensive Given Current Fundamentals (Rating Downgrade)

The Apollo Tactical Income Fund offers a high level of income with a current yield of 10.74%, higher than many other investment options. The fund has outperformed the Bloomberg U.S. Aggregate Bond Index over the past five years, giving it a history of very strong performance. The fund's management has been actively adjusting its portfolio, increasing its allocation to floating-rate loans and reducing exposure to junk bonds.

AIF: The Opportunity Is Not As Good As It Was, But This Fund Still Makes Sense

NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of February 2024 of $0.133 per common share, payable on the date noted below.

Apollo Tactical Income Fund Inc. Declares February 2024 Monthly Distribution of $0.133 Per Share

NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of January 2024 of $0.133 per common share, payable on the date noted below.

Apollo Tactical Income Fund Inc. Declares January 2024 Monthly Distribution of $0.133 Per Share

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We review CEF market valuation and performance through the third week of December and highlight recent market action. CEFs had a strong week with a total return above 2%, reaching their peak total return for the year of around 8%. Covered call CEFs are not "equities at a discount" for a whole host of reasons.

CEF Weekly Review: Why Covered Call CEFs Are Not 'Equities At A Discount'

NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of December 2023 of $0.133 per common share, payable on the date noted below.

Apollo Tactical Income Fund Inc. Declares December 2023 Monthly Distribution of $0.133 Per Share

The Fed's rate hikes have benefitted loan funds like the Apollo Tactical Income Fund. AIF is a diversified credit CEF with a focus on floating-rate first-lien loans and has a current yield of 11.8% and a 12.6% discount. The proposed merger between AIF and BDC MidCap Financial Investment Corp. is not attractive for AIF shareholders due to several downsides and increased fees.

AIF: A Strong 11.8%-Yielding Loan CEF Performer

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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.

BDC Weekly Review: Why We Don't See A Lot Of BDC / CEF Mergers

NEW YORK, Nov. 10, 2023 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of November 2023 of $0.125 per common share, payable on the date noted below.

Apollo Tactical Income Fund Inc. Declares November 2023 Monthly Distribution of $0.125 Per Share

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Those of us who know what to look for in CEFs are finding a rich hunting ground of big dividends. Yields are up and we're in a good position to book longer-term profits.

Buy The Dip In These Overlooked 11%-Yielding Closed-End Funds

NEW YORK, Oct. 12, 2023 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of October 2023 of $0.125 per common share, payable on the date noted below.

Apollo Tactical Income Fund Inc. Declares October 2023 Monthly Distribution of $0.125 Per Share

Apollo Tactical Income Fund has attracted attention from income-focused investors due to its high current yield of 11.33%. The fund has outperformed the S&P 500 Index and the Bloomberg U.S. Aggregate Bond Index in recent months, making it appealing to investors. AIF's investment in floating-rate debt securities has allowed it to increase its distribution in response to rising interest rates.

AIF: This 11.33%-Yielding Alternative Credit Fund Is A Winner

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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

NEW YORK, Sept. 11, 2023 (GLOBE NEWSWIRE) -- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of September 2023 of $0.122 per common share, payable on the date noted below.

News for Apollo Tactical Income Fund, Inc. ETF (AIF)