Apollo Investment Corporation (the “Company”) announced today that it will temporarily suspend its stock repurchase program, including amounts allocated to Rule 10b5-1 repurchase plans. The impact of the COVID-19 pandemic on the Company’s investment portfolio and financial results is unknown at this time and the Company and its Board of Directors believe it is prudent to take this action at this time. The Company retains the right to reinstate the stock repurchase program as circumstances change.

The information disclosed under this Item 8.01 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

About Apollo Investment Corporation (NASDAQ:AINV)

Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies. It may also invest in the securities of public companies and in structured products and other investments, such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). Its portfolio also includes equity interests, such as common stock, preferred stock, warrants or options. It invests in investments in the United States secured and unsecured loans, other debt securities and equity, and may also invests a portion of the portfolio in other investment opportunities, including foreign securities and structured products. Apollo Investment Management, L.P. is the investment advisor of the Company.