Apollo Investment Corporation announced that on January 3, 2020, James C. Zelter, a member of the Board of Directors of the company, tendered a letter of resignation from the Board effective immediately, which was accepted by the Board. There was no disagreement between Mr. Zelter and the company on any matter relating to the company's operations, policies or practices. In accordance with the company’s Articles of Incorporation, the number of directors will remain ten. The Board will seek to fill the resulting vacancy.