INVESTOR ALERT: Weiss Law Investigates Apollo Tactical Income Fund Inc.

NEW YORK, NY / ACCESSWIRE / November 9, 2023 / Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the Apollo Tactical Income Fund Inc. (the "Company," NYSE:AIF) board of directors in connection with its proposed merger with MidCap Financial Investment Corporation (NASDAQ:MFIC). Under the merger agreement, AIF shareholders will receive newly issued shares of MFIC common stock based on the ratio, determined shortly before the closing of each Merger, of the net asset value ("NAV") per share of AIF divided by the NAV per share of MFIC. In addition, following the closing of the Merger, an affiliate of Apollo will make a special cash payment of $0.25 per share to each AIF shareholder of record at closing and MFIC will pay a cash dividend of $0.20 per share.

If you own AIF shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/aif

Or please contact:

Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025

(888) 593-4771
stockinfo@weisslawllp.com

Weiss Law is investigating whether (i) the AIF board acted in the best interests of Company shareholders in agreeing to the merger, (ii) the merger consideration adequately compensates AIF shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

SOURCE: Weiss Law