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APOLLO Investment Corporation Apollo Investment Corporation Reports Financial Results for the Quarter Ended December 31 , 2020 Fiscal Third Quarter and Other Recent Highlights : • • • • • • • • • Net investment income per share for the quarter was $ 0.43 compared to $ 0.43 for the quarter ended September 30 , 2020 Net asset value per share as of the end of the quarter was $ 15.59 compared to $ 15.44 as of September 30 , 2020 , an increase of 1.0 % driven primarily by a net gain on the corporate lending portfolio ( ¹ ) and a realized gain on a non - core renewable investment New investment commitments made during the quarter totaled $ 108 million ( 2 ) Gross fundings during the quarter totaled $ 157 million primarily consisting of $ 97 million of term loans and $ 52 million of revolvers Gross exits during the quarter totaled $ 287 million primarily consisting of $ 3 million of term loan sales , $ 184 million of term loan repayments , and $ 85 million of gross revolver paydowns Net paydowns during the quarter totaled $ 130 million primarily consisting of $ 90 million of net term loan paydowns and $ 33 million of net revolver paydowns Net leverage ( 3 ) as of the end of the quarter was 1.43x , down from 1.56x as of September 30 , 2020 Declared a distribution of $ 0.31 per share and a supplemental distribution of $ 0.05 per share for the quarter ending December 31 , 2020 Amended and extended the Company's Senior Secured Facility ( the " Facility ” ) in December ; Final maturity extended to 2025 ; Pricing and advance rates were unchanged on the Facility ( 4 ) $ 330 million of immediately available liquidity and $ 313 million of additional capacity under the Facility as of December 31 , 2020 ( 5 ) New York , NY — February 4 , 2021 — - Apollo Investment Corporation ( NASDAQ : AINV ) or the “ Company , " or " Apollo Investment , " today announced financial results for its third fiscal quarter ended December 31 , 2020. The Company's net investment income was $ 0.43 per share for the quarter ended December 31 , 2020 , compared to $ 0.43 per share for the quarter ended September 30 , 2020. The Company's net asset value ( " NAV " ) was $ 15.59 per share as of December 31 , 2020 , compared to $ 15.44 as of September 30 , 2020 . On February 4 , 2021 , the Board of Directors declared a distribution of $ 0.31 per share payable on April 5 , 2021 to shareholders of record as of March 19 , 2021. On February 4 , 2021 , the Company's Board also declared a supplemental distribution of $ 0.05 per share payable on April 5 , 2021 to shareholders of record as of March 19 , 2021 . 1