Apollo Investment Corporation Announces Quarterly Dividend of $0.45 Per Share

ABOUT APOLLO INVESTMENT CORPORATION

Apollo Investment Corporation, or the Company, is a closed-endinvestment company that has elected to be treated as a businessdevelopment company under the Investment Company Act of 1940. TheCompany's investment portfolio is principally in middle-market privatecompanies. The Company invests primarily in mezzanine loans and seniorsecured loans in furtherance of its business plan and also invests inthe equity of portfolio companies. From time to time, the Companyinvests in public companies that are not thinly traded. ApolloInvestment Corporation is managed by Apollo Investment Management,L.P., an affiliate of Apollo Management, L.P., a leading privateequity investor.

FORWARD-LOOKING STATEMENTS

Statements included herein may constitute "forward-lookingstatements" within the meaning of the Private Securities LitigationReform Act of 1995. These statements are not guarantees of futureperformance or results and involve a number of risks anduncertainties. Actual results may differ materially from those in theforward-looking statements as a result of a number of factors,including those described from time to time in our filings with theSecurities and Exchange Commission. The Company undertakes no duty toupdate any forward-looking statements made herein.