Apollo Investment Turns To Profit In Q4 - Quick Facts

(RTTNews) - Apollo Investment Corp. (AINV) reported fourth-quarter earnings of $0.04 per share, compared to loss of $0.10 per share in the prior-year quarter.

Net increase in net assets resulting from operations was $8.05 million, compared to net decrease in net assets of $23.40 million last year.

Net investment income for the quarter was $0.17 per share, compared to $0.20 per share in the same period last year.

The company's net asset value was $6.74 per share, down from $7.28 per share a year ago.

Total investment income decreased to $66.30 million from $85.34 million a year ago.

On May 17, 2017, the board of directors declared a distribution of $0.15 per share, payable on July 6, 2017 to shareholders of record as of June 21, 2017.