AFT: Time To Divest This CEF After The Acquisition (Rating Downgrade)
Seeking Alpha • 603 days
Low Materiality0/10
Information
Apollo Senior Floating Rate Fund is significantly up since the last rating, with total return exceed...
Original sourceAI Summary
- AFT is up over 20% as MidCap Financial is acquiring AFT and Apollo Tactical Income Fund. - Post-merger, AFT will focus more on illiquid middle market collateral. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: M&A
Market-Moving
- AFT is up over 20% as MidCap Financial is acquiring AFT and Apollo Tactical Income Fund.
- Post-merger, AFT will focus more on illiquid middle market collateral.
Key Facts
- AFT is up over 20% as MidCap Financial is acquiring AFT and Apollo Tactical Income Fund.
- Post-merger, AFT will focus more on illiquid middle market collateral.