UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: January 25, 2005
Apollo Investment Corporation
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(Exact name of registrant as specified in its charter)
Maryland 333-112591 52-2439556
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(State or other jurisdiction Commission (IRS Employer
of incorporation) File Number) Identification No.)
9 West 57th Street, 41st Floor, New York, NY 10019
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 212-515-3200
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(Former address: 1301 Avenue of the Americas, New York, NY 10019)
Item 7.01. Regulation FD Disclosure.
APOLLO INVESTMENT CORPORATION TO PARTICIPATE IN SMITH BARNEY'S EIGHTH ANNUAL
FINANCIAL SERVICES CONFERENCE
New York, NY - January 25, 2005 - Apollo Investment Corporation's Chairman and
CEO, Michael S. Gross and Chief Operating Officer, Arthur H. Penn will speak at
Smith Barney's Eighth Annual Financial Services Conference in New York City on
January 26, 2005. Messrs. Gross and Penn will provide an overview of the Company
and its investment program. Through December 31, 2004, Apollo Investment
Corporation had invested $731 million of its $870 million net proceeds received
from its initial public offering in April 2004. At December 31, 2004, Apollo
Investment Corporation's portfolio composition was invested 47% in subordinated
debt, 2% in equity, 33% in senior secured debt, and 18% in cash equivalents.
Weighted average yields were 13.8% for subordinated debt and 7.6% for senior
secured debt at December 31, 2004. The weighted average yield on all invested
capital was 10.9% and 9.3% inclusive of cash equivalents and before expenses at
December 31, 2004.
About Apollo Investment Corporation
Apollo Investment Corporation is a closed-end investment company that has
elected to be treated as a business development company under the Investment
Company Act of 1940. The Company's investment portfolio will be principally
invested in middle-market private companies. From time to time, the Company may
also invest in public companies. The Company expects to primarily invest in
senior secured loans and mezzanine loans and equity in furtherance of its
business plan. Apollo Investment Corporation is managed by Apollo Investment
Management, L.P., an affiliate of Apollo Management, L.P., a leading private
equity investor.
Contact: Richard L. Peteka
212-515-3488
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Apollo Investment Corporation
/s/ Richard Peteka
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(Signature)
By: Richard L. Peteka
Title: Chief Financial Officer
Date: January 25, 2005