Apollo Senior Floating Rate Fund Inc.

We recently formed Apollo Credit Management, LLC, a registered investment advisor, which serves as advisor to the Apollo Senior Floating Rate Fund Inc., a newly organized, non-diversified, closed-end management investment company. The investment objective of the fund is to seek current income and preservation of capital primarily through investments in senior, secured loans made to companies whose debt is rated below investment grade and investments with similar economic characteristics. On February 24, 2011, the fund issued $300 million of common shares in its initial public offering and began trading on the NYSE under the symbol “AFT.”

For more information, please see the company's website:  www.agmfunds.com.