Apollo Senior Floating Rate Fund Inc. and Apollo Tactical

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NEW YORK, June 29, 2021 (GLOBE NEWSWIRE) – Apollo Credit Management, LLC (“Apollo”) today announced that at a joint special meeting of shareholders on June 28, 2021 of Apollo Tactical Income Fund Inc. ( NYSE: AIF) and Apollo Senior Floating Rate Fund (NYSE: AFT) (AIF and AFT together, the “Funds”), the shareholders of AIF have approved the issuance of additional common shares of AIF pursuant to the AFT reorganization with and in AIF, with The AIF continues to be the Surviving Fund (the “Reorganization”). AIF shareholders have also approved the modification of AIF’s fundamental investment restriction on granting loans, as described in AIF’s joint proxy statement / prospectus dated May 18, 2021 (the ” of proxy ”).

Apollo also announced today that the joint special meeting regarding AFT has been adjourned until August 9, 2021 at 9:00 a.m. (Eastern Time) to allow AFT shareholders additional time to submit. their voting instructions regarding the proposals described in the proxy statement. and allow additional solicitation of AFT shareholders. To attend the Meeting, AFT shareholders on the registration date, April 13, 2021, should visit https://www.viewproxy.com/ApolloFundsSM/2021 and follow the instructions outlined on the website. The Reorganization remains subject to the approval of AFT shareholders.

Additional information about the reorganization and where to find it

The Funds and their respective directors, officers and employees, as well as Apollo and its affiliates and its shareholders, officers and employees and other persons may be considered participants in the solicitation of proxies relating to the Reorganization. Investors and shareholders may obtain more detailed information regarding the direct and indirect interests of the respective directors, officers and employees of the Funds, and Apollo and its shareholders, officers and employees and others by reading the proxy statement.

INVESTORS AND HOLDERS OF SECURITIES OF THE FUND ARE URGED TO READ THE PROXY AND OTHER SECURITIES CAREFULLY AND IN THEIR ENTIRETY, BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION REGARDING THE REORGANIZATION. INVESTORS SHOULD CAREFULLY CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE FUND. THE PROXY CIRCULAR CONTAINS INFORMATION REGARDING THE INVESTMENT OBJECTIVES, RISKS, FEES AND EXPENSES OF THE FUND.

The declaration of power of attorney does not constitute an offer to buy or sell securities in a state where such an offer or sale is not permitted. Securityholders can obtain free copies of the proxy and other documents filed with the SEC on the SEC website at www.sec.gov or by visiting https://www.apollofunds.com / apollo-funds-shareholder-meetings. In addition, free copies of the proxy statement and other documents filed with the SEC can also be obtained by directing a request to:

Apollo contact details:

Productive literature
877-864-4834

Investors
Taylor reinhardt
Director of Investor Relations
Global management of Apollo, Inc.
917-472-4030
[email protected]

Forward-looking statements

This press release may contain forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and news releases. These statements include, without limitation, discussions related to each Fund’s expectations regarding its business performance, liquidity and capital resources and other non-historical statements in the discussion and analysis. These forward-looking statements are based on the beliefs of management, as well as on the assumptions made by management and on the information currently available to it. When used in this press release, the words “believe”, “anticipate”, “estimate”, “expect”, “intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee that these expectations will prove to be correct. These statements are subject to certain risks, uncertainties and assumptions, including risks related to our dependence on certain key personnel, our ability to raise new funds from Private Equity or the capital markets, the conditions market, in general, our ability to manage our rapid growth, fund performance, changes in our regulatory and fiscal environment, variability in sales, net income and cash flow, our use of leverage to finance our activities and investments through our funds and the risk of litigation, among others.


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