Apollo Investment Corporation Schedules Release of Fourth Quarter and Fiscal 2009 Results

NEW YORK, NY, May 11 (MARKET WIRE) --
Apollo Investment Corporation (NASDAQ: AINV) announced today that it will
report fourth quarter and fiscal year results for the periods ended March
31, 2009 on Monday, June 1, 2009 after the close of the financial markets.

The company will also host a conference call at 11:00 a.m. (Eastern Time)
on Tuesday, June 2, 2009 to discuss its results for the fourth quarter and
fiscal year. All interested parties are welcome to participate. You can
access the conference call by dialing (888) 802-8579 approximately 5-10
minutes prior to the call. International callers should dial (973)
633-6740. All callers should reference Apollo Investment Corporation.
Following the call you may access either an archived replay or audio
webcast of the call. An archived replay will be available through June 16,
2009 by calling (800) 642-1687. International callers please dial (706)
645-9291. For all replays, please reference pin # 99066491. To access a
replay of the audio webcast please visit the Events Calendar in the
Investor Relations section of our website at www.apolloic.com; the replay
will be available on our website later that same day.

About Apollo Investment Corporation

Apollo Investment Corporation is a closed-end, non-diversified, management
investment company that has elected to be treated as a business
development company under the Investment Company Act of 1940. Our
investment objective is to generate both current income and capital
appreciation through debt and equity investing. We invest primarily in
middle-market private companies in the form of mezzanine and senior
secured loans, each of which may include an equity component, as well as
by making direct equity investments in such companies. From time to time,
we may invest in public companies. Apollo Investment Corporation is
managed by Apollo Investment Management, L.P., an affiliate of Apollo
Global Management, LLC, a leading private equity investor.

Forward-Looking Statements

Statements included herein may constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995. These statements are not guarantees of future performance or
results and involve a number of risks and uncertainties. Actual results
may differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time to
time in our filings with the Securities and Exchange Commission. The
Company undertakes no duty to update any forward-looking statements made
herein.

CONTACT:
Richard L. Peteka
Apollo Investment Corporation
(212) 515-3488

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