Apollo Investment Corporation Cuts Dividend from $0.28 to $0.20

Apollo Investment Corporation AINV announced that its Board of Directors has declared for the fourth fiscal quarter of 2012 a dividend of $0.20 per share, payable on April 3, 2012 to stockholders of record as of February 18, 2012. We believe having a dividend that is more closely aligned with net investment income per share is prudent and appropriate.