Apollo Investment Corporation (NASDAQ:AINV) Q4 2020 Earnings Conference Call - Final Transcript

May 21, 2020 • 10:00 am ET


Apollo Investment Corporation (NASDAQ:AINV) Q4 2020 Earnings Conference Call - Final Transcript


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Good morning and welcome to the Apollo Investment Corporation's Earnings Conference Call for the period ending March 31st, 2020. At this time, all participants are in a listen-only mode. The call will be opened for questions-and-answers session following the speakers' prepared remarks. [Operator Instructions]

I will now turn the call over to Elizabeth Besen, Investor Relations Manager for Apollo Investment Corporation.

Elizabeth Besen

Thank you, operator and thank you everyone for joining us today. Speaking on today's call are Howard Widra, Chief Executive Officer. Tanner Powell, President and Chief Investment Officer, and Greg Hunt, Chief Financial Officer.

I'd like to advise everyone that today's call and webcast are being recorded. Please note that they are the property of Apollo Investment Corporation and that any unauthorized broadcast in any form is strictly prohibited. Information about the audio replay of this call is available in our earnings press release. I'd also like to call your attention to the customary Safe Harbor disclosure in our press release regarding forward-looking information.

Today's conference call and webcast may include forward-looking statements. Forward-looking statements involve risks and uncertainties, including, but not limited to, statements as to our future results, our business prospects and the prospects of our portfolio companies. You should refer to our most recent filings with the SEC for risks that apply to our business and that may adversely affect any forward-looking statements we make. We do not undertake to update our forward-looking statements or projections unless required by law. To obtain copies of our SEC filings please visit our website at www.apolloic.com.

I'd also like to remind everyone that we've posted a supplemental financial information package on our website, which contains information about the portfolio as well as the company's financial performance. At this time, I'd like to turn the call over to our Chief Executive Officer, Howard Widra.

Howard T Widra

Thanks, Elizabeth.

Good morning and thank you everyone for joining us today. First and foremost, we'd like to express our deep gratitude to all the health care and EMS professionals and essential business workers, who continue to work tirelessly to save and to serve our communities. We extend our deepest sympathies to all those directly affected by the pandemic. So all of you on the call today, we hope that each of you and your families are healthy and safe during these difficult times.

I'll begin today's call with the discussion about how AINV's positioned during these unprecedented times and we'll also provide an overview of our results for the quarter. Following my remarks Tanner will review our investment activity for the quarter and will discuss the impact of the COVID-19 pandemic and economic shutdown in our portfolio. Greg will then review our financial results in greater detail and discuss our liquidity position. We will then open the call to questions.

During today's call we will be referring to some of the slides in our investor presentation, which is posted on our website. Since the onset of the COVID-19 pandemic, Apollo has seamlessly transitioned to a remote