Market Overview

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


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

The following dates apply to the declared distribution:

Record Date: July 18, 2018
Payment Date: July 31, 2018
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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