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APOLLO ● Investment Corporation Apollo Investment Corporation Reports Financial Results for the Quarter Ended September 30 , 2021 Fiscal Second Quarter and Other Recent Highlights : Net investment income per share for the quarter was $ 0.33 compared to $ 0.39 for the quarter ended June 30 , 2021 Net asset value per share as of the end of the quarter was $ 16.07 compared to $ 16.02 as of June 30 , 2021 , an increase of 0.3 % driven primarily by a net appreciation on the corporate lending portfolio ( ¹ ) ( 2 ) New investment commitments made during the quarter totaled $ 222 million Gross fundings during the quarter totaled $ 290 million consisting of $ 211 million of term loans and $ 79 million of revolvers Gross exits during the quarter totaled $ 176 million primarily consisting of $ 10 million of term loan sales , $ 97 million of term loan repayments , and $ 69 million of gross revolver paydowns Net fundings during the quarter totaled $ 114 million primarily consisting of $ 104 million of net term loan fundings and $ 10 million of net revolver fundings Net leverage ( 4 ) as of September 30 , 2021 was 1.51x , up from 1.39x as of June 30 , 2021 Average net leverage ( 5 ) for the September quarter was 1.46x $ 454 million of immediately available liquidity and $ 228 million of additional capacity under the Facility as of September 30 , 2021 Repurchased 450,953 shares of common stock at a weighted average price per share of $ 13.09 , inclusive of commissions , for an aggregate cost of $ 5.9 million during the quarter Declared a distribution of $ 0.31 per share and a supplemental distribution of $ 0.05 per share for the quarter ending September 30 , 2021 New York , NY November 4 , 2021 - Apollo Investment Corporation ( NASDAQ : AINV ) or the " Company , " or " Apollo Investment , " today announced financial results for its second fiscal quarter ended September 30 , 2021. The Company's net investment income was $ 0.33 per share for the quarter ended September 30 , 2021 , compared to $ 0.39 per share for the quarter ended June 30 , 2021. The Company's net asset value ( “ NAV ” ) was $ 16.07 per share as of September 30 , 2021 , compared to $ 16.02 as of June 30 , 2021 . On November 4 , 2021 , the Board of Directors declared a distribution of $ 0.31 per share payable on January 6 , 2022 to shareholders of record as of December 20 , 2021. On November 4 , 2021 , the Company's Board also declared a supplemental distribution of $ 0.05 per share payable on January 6 , 2022 to shareholders of record as of December 20 , 2021 . 1