Doliver Capital Advisors LP grew its holdings in shares of Apollo Tactical Income Fund Inc (NYSE:AIF) by 72.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,716 shares of the company’s stock after buying an additional 10,813 shares during the period. Doliver Capital Advisors LP’s holdings in Apollo Tactical Income Fund were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the business. Royal Bank of Canada boosted its position in Apollo Tactical Income Fund by 0.9% during the second quarter. Royal Bank of Canada now owns 25,782 shares of the company’s stock worth $420,000 after purchasing an additional 240 shares during the period. Stifel Financial Corp bought a new position in shares of Apollo Tactical Income Fund in the third quarter valued at approximately $165,000. Wells Fargo & Company MN boosted its position in shares of Apollo Tactical Income Fund by 1.4% in the third quarter. Wells Fargo & Company MN now owns 888,942 shares of the company’s stock valued at $14,409,000 after acquiring an additional 12,478 shares during the period. SG Americas Securities LLC boosted its position in shares of Apollo Tactical Income Fund by 375.3% in the fourth quarter. SG Americas Securities LLC now owns 32,356 shares of the company’s stock valued at $510,000 after acquiring an additional 25,548 shares during the period. Finally, Mariner Investment Group LLC bought a new position in shares of Apollo Tactical Income Fund in the fourth quarter valued at approximately $475,000.
Separately, Canaccord Genuity restated a “buy” rating and issued a $39.00 price objective on shares of Apollo Tactical Income Fund in a research report on Wednesday, November 1st.
The business also recently announced a monthly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date of this dividend is Thursday, March 15th.
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Apollo Tactical Income Fund Company Profile
Apollo Tactical Income Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income with a secondary objective of preservation of capital. The Fund invests approximately 80% of its assets in credit instruments, such as senior loans, subordinated loans, high yield corporate bonds, notes, bills, debentures, distressed securities, mezzanine securities, structured products, bank loans, corporate loans, convertible and preferred securities, government and municipal obligations, mortgage-backed securities, repurchase agreements and other fixed-income instruments, and investments.
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