WASHINGTON (dpa-AFX) - Apollo Investment Corp. (AINV), a closed-end investment company, reported Tuesday that its first-quarter basic earnings per share slipped to $0.09 from last year's $0.49.
Net investment income dropped to $23.49 million from $25.34 million a year ago. Net investment income per share was $0.37, compared to $0.39 a year ago.
On average, 10 analysts polled by Thomson Reuters expected earnings of $0.34 per share for the quarter. Analysts' estimates typically exclude special items.
The company's net asset value or NAV was $15.52 per share, compared to $16.02 in the prior year.
Total investment income grew to $53.40 million from $50.55 million a year ago.
On August 1, the Board of Directors declared a distribution of $0.32 per share payable on October 11 to shareholders of record as of September 20.
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