AFT: A Good Fund For Floating Income [Seeking Alpha]
Apollo Senior Floating Rate Fund Inc. (AFT)
US:NYSE Investor Relations:
agmfunds.com/investmentinformation/seniorfloatingratefund.aspx
Company Research
Source: Seeking Alpha
While its assets are not considered investment grade, they are backed by collateral and supported by protective covenants. Dividend history has shown the durability of its portfolio, with cuts being short-lived and yields on cost remaining attractively high. The Apollo Senior Floating Rate Fund ( NYSE: AFT ) stood out to me because of its floating-rate nature. I think too few income funds are structured like this, and the high yield it brings is interesting, considering the credit quality of its assets. I therefore decided to take a deeper look and see if this is a fund whose yield may prove true in the long run. Concept of the Fund AFT is a closed-end, actively managed fund that primarily invests in senior secured loans with floating interest rates. This means the loans are backed by collateral and often supported by covenants, while the interest payable is routinely recalculated as the base rate (usually SOFR ) fluctuates. The borrowers behind these loans usually have a cre
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High impacting Apollo Senior Floating Rate Fund Inc. news events
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AFT
News
- MidCap Financial Investment Corporation: Buy This 10% Yielder Before The Merger [Seeking Alpha]Seeking Alpha
- Apollo Senior Floating Rate Fund Inc. Declares April 2024 Monthly Distribution of $0.140 Per ShareGlobeNewswire
- Apollo Senior Floating Rate Fund Inc. Declares March 2024 Monthly Distribution of $0.137 Per ShareGlobeNewswire
- CEF Weekly Review: CEF Reporting Has A Lot Of Room For Improvement [Seeking Alpha]Seeking Alpha
- AIF: The Opportunity Is Not As Good As It Was, But This Fund Still Makes Sense [Seeking Alpha]Seeking Alpha
AFT
Sec Filings
- 4/18/24 - Form 425
- 4/10/24 - Form 40-17G
- 4/4/24 - Form 425
- AFT's page on the SEC website