UPDATE: Apollo Investment Corp. (AINV) Adds $100M to Stock Buyback Program
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Apollo Investment Corporation Expands Stock Repurchase Program
September 15, 2016 5:00 PM EDTNEW YORK--(BUSINESS WIRE)-- Apollo Investment Corporation (NASDAQ: AINV) or the Company, today announced that its Board of Directors has expanded the Companys stock repurchase program by $50 million to $150 million. As of the close of business today and since the inception of the stock repurchase program, the Company has repurchased approximately $86.2 million of common stock. The Companys common shares outstanding as of the close of business today were approximately 222.1 million, a reduction of approximately 6.2% as a result of stock repurchases.
Mr. James Zelter, Apollo Investments Chief Executive Officer, commented, We... More
