Apollo Debt Solutions Announces Special Distributions

Apollo Debt Solution BDC (“ADS,” “we,” or the “Fund”) today announced that its Board of Trustees has declared special distributions totaling $0.06 per share to be distributed in three consecutive monthly payments of $0.02 per share. Payments will be made on or around March 29, 2023, April 26, 2023 and May 26, 2023 for shareholders of record as of February 28, 2023, March 31, 2023 and April 28, 2023, respectively. The special distributions will be paid in cash or reinvested in shares of the Fund for shareholders participating in the Fund’s distribution reinvestment plan. These special distributions are in addition to the regular monthly distribution of $0.16 per share that was declared on January 20, 2023 to shareholders of record as of January 31, 2023 to be paid on February 24, 2023.

The special distributions pay out a portion of the Fund’s undistributed taxable income generated in 2022, which was supported by the rising rate environment and attractive spreads on the Fund’s newly originated loans.

Apollo Partner Earl Hunt, Chair and CEO of ADS, said, “These special distributions reflect our desire to enhance the distribution rate for our shareholders given the current earnings tailwinds for the Fund while supporting our net asset value per share stability over the long-term. We believe we are well positioned to play offense for the foreseeable future and look forward to continuing to be a solutions provider for both our borrowers and investors.”

(This news/press release has not been altered by investment.net, apart from the headline, and has been obtained from a syndicated source:- https://www.globenewswire.com/news-release/2023/01/20/2592737/0/en/apollo-debt-solutions-announces-special-distributions.html)