Fund Description: Apollo Senior Floating Rate Fund is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund’s investment objective is to seek current income and preservation of capital. FUND STRATEGY: The Fund will seek to achieve its investment objective by investing primarily in senior, secured loans made to companies whose debt is rated below investment grade. Under normal market conditions, at least 80% of the Fund’s Managed Assets will be invested in floating rate Senior Loans and investments with similar economic characteristics. Senior Loans are typically made to U.S. and, to a limited extent, non-U.S. corporations, partnerships and other business entities that operate in various industries and geographical regions. Senior Loans typically are rated below investment grade. Securities of this type are often high risk and have speculative characteristics. The Fund may seek to enhance the level of its current distributions to holders of common stock through the use of leverage. The Fund expects to initially incur leverage in an aggregate amount of approximately 33% of the Fund’s Managed Assets immediately after such borrowings and/or issuances of preferred stock. The use of leverage is a speculative technique that involves special risks associated with the leveraging of common stock. FUND MANAGEMENT: Apollo Credit Management, LLC serves as the Fund’s investment adviser. The Adviser provides certain investment advisory, management and administrative services to the Fund.