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Press Release
April 22, 2013

Apollo Tactical Income Fund Inc. Declares Initial Monthly Dividend of $0.117 Per Share

NEW YORK--(BUSINESS WIRE)--Apr. 22, 2013-- (NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its first monthly distribution of $0.117 per common share, payable on the date noted below. Based on the Fund’s initial public offering price of $20.00 per share, the distribution represents an annualized yield of 7.02%.

The following dates apply to the declared distribution:

Ex-Date: May 16, 2013

Record Date: May 20, 2013

Payment Date: May 31, 2013
Per Share Amount: $0.117

The Fund is a newly organized, non-diversified, closed-end management company with a limited operating history. Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Fund carefully before investing. For a prospectus which contains this and other information relevant to an investment in the Fund’s common stock, please contact your securities representative. Investors should read the prospectus carefully before they invest. There can be no assurance the Fund’s investment objectives will be obtained.

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.

Source: Apollo Tactical Income Fund Inc.

Product Literature
Apollo Global Management, LLC
Gary M. Stein, 212-822-0467
Head of Corporate Communications