AINV posts NII losses as it continues pivot toward core assets

Apollo’s BDC saw a NII loss of 1.9% in the fourth quarter, but was able to decrease its non-core assets to 16.7% of the portfolio.

Apollo Investment Corporation (AINV) ended the quarter with a decrease in net investment income as the business development company continued to shift its portfolio strategy.

Over the quarter, the BDC’s net investment income fell 1.9 percent to just over $31 million, compared with more than $32 million at the end of the third quarter.

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