Market Overview

Apollo Senior Floating Rate Fund Inc. Declares May 2018 Monthly Distribution of $0.096 Per Share


(NYSE:AFT) - Apollo Senior Floating Rate Fund Inc. (the "Fund") today
announced the declaration of its distribution for the month of May 2018
of $0.096 per common share, payable on the date noted below.

The following dates apply to the declared distribution:

Record Date: May 17, 2018
Payment Date: May 31, 2018
Per Share
Amount: $0.096

Forward-Looking Statements

This press release may contain statements that are forward looking, as
that term is defined by the Private Securities Litigation Reform Act of
1995 or by the Securities and Exchange Commission in its rules,
regulations and releases. These statements include, but are not limited
to, discussions related to the Fund's expectations regarding the
performance of its business, its liquidity and capital resources and the
other non-historical statements in the discussion and analysis. These
forward-looking statements are based on management's beliefs, as well as
assumptions made by, and information currently available to, management.
When used in this release, the words "believe," "anticipate,"
"estimate," "expect," "intend" and similar expressions are intended to
identify forward-looking statements. Although management believes that
the expectations reflected in these forward-looking statements are
reasonable, it can give no assurance that these expectations will prove
to have been correct. These statements are subject to certain risks,
uncertainties and assumptions, including risks relating to our
dependence on certain key personnel, our ability to raise new Private
Equity or Capital Markets funds, market conditions, generally, our
ability to manage our rapid growth, fund performance, changes in our
regulatory environment and tax status, the variability of our revenue,
net income and cash flow, our use of leverage to finance our businesses
and investments by our funds and litigation risks, among others.

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