Apollo Debt Solutions BDC Reports Higher Monthly NAV Per Share

Apollo Debt Solutions BDC, a non-traded perpetual-life business development company sponsored by affiliates of Apollo Global Management, has declared a special distribution, and announced its monthly net asset value per share for April 2023.

Apollo’s board declared a special distribution of $0.02 per share for shareholders of record as of May 31, 2023, to be paid around June 28, 2023. The fund’s board announced an additional special distribution of $0.02 per share for shareholders of record as of June 30, 2023, to be paid around July 27, 2023. Apollo says the special distributions will be paid in cash or reinvested in shares of the fund for shareholders participating in their distribution reinvestment plan.

Apollo reported that their Class I, Class S and Class D shares had an NAV per share of $23.95 as of March 31, 2023, a 0.6% increase compared to $23.82 the previous month. Shares were originally priced at $25.00 each.

As of April 30, 2023, the fund’s aggregate NAV increased to $2.5 billion compared to the previous month, which was $2.3 billion.

Apollo Debt Solutions BDC launched its $5 billion offering in early 2022 and has raised approximately $2.7 billion through its public and private offerings, as of April 30, 2023.

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