Apollo Investment Corp. (AINV) Reports Q4 EPS of $0.10

Apollo Investment Corp. (NASDAQ: AINV) reported Q4 EPS of $0.10, versus $0.16 reported last year. Revenue for the quarter came in at $51.49 million versus the consensus estimate of $64.18 million.

Mr. James Zelter, Director, commented, “Today’s executive officer appointments reflect the valuable contributions that Howard and Tanner have made implementing AINV\'s portfolio repositioning strategy over the past two years. I look forward to continuing to work with them as a Director of the Company and as Co-President of Apollo Global Management.” Mr. Zelter continued, “We are happy to announce changes to our fee structure which we believe more closely aligns the incentives of our manager with the interests of our shareholders and reflects our confidence in the strength of our business. The combination of our new fee structure and our active stock repurchase program demonstrate our commitment to creating value for our shareholders.”

Mr. Howard Widra, Apollo Investment’s newly appointed Chief Executive Officer commented, “I am very pleased to be taking on the CEO role as we near the completion of our portfolio repositioning plan. We thank Jim for his contributions as CEO and we are delighted that we will continue to benefit from his strategic insights and counsel as a Director of the company.” Mr Widra continued, “With the recent passage of The Small Business Credit Availability Act, we believe that we will be able to accelerate our de-risking investment strategy. As previously announced, we intend to use the incremental investment capacity to invest in lower risk assets which we believe to be in the best interests of all of our constituents.”

For earnings history and earnings-related data on Apollo Investment Corp. (AINV) click here.

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