Apollo Tactical Income Fund Inc. (AIF)
Apollo Tactical Income Fund Inc. operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $14.82, down 0.27% on the session, giving a market capitalisation of $214.4M. On trailing twelve-month figures it carries a trailing P/E of 6.18, a net margin of 94.2%. Its beta of 0.60 implies it has historically moved less than the broad market.
Apollo Tactical Income Fund Inc. operates as a closed-end investment vehicle specializing in debt securities, with its management entrusted to Apollo Credit Management, LLC. The fund primarily allocates capital within the fixed income sphere, concentrating on senior secured loans (including floating-rate varieties), high-yield corporate bonds, and a range of other credit instruments with diverse maturities. These investments are typically made in companies whose debt ratings are considered below investment grade. A key aspect of its strategy involves a meticulous credit selection process, emphasizing robust collateral coverage, structural seniority, and strong credit fundamentals. This includes seeking out companies with established, defensible market positions, consistent positive cash flow, and experienced management teams to construct its portfolio. The fund was established in the United States on February 25, 2013.
Apollo Tactical Income Fund Inc. is most often compared with the following Financial Services names: