Apollo Senior Floating Rate (NYSE:AFT)
- Market Cap$255.865m
- AIC sector-
- Manager Group-
The investment seeks to seek current income and preservation of capital. The fund normally invests at least 80% of assets in floating rate Senior Loans and investments with similar economic characteristics. Senior Loans typically pay interest at rates that are determined periodically on the basis of a floating base lending rate, primarily the London-Interbank Offered Rate, plus a premium. It is non-diversified.