THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Apollo Investment Corporation (AINV)

6/26/2006 Proxy Information

Michael S. Gross served as Chief Executive Officer of Apollo Investment Corporation until February 2006.

We have entered into an investment advisory and management agreement with AIM. Our senior officers and our chairman of the board of directors have ownership and financial interests in AIM. Our senior officers also serve as principals of other investment managers affiliated with AIM that may in the future manage investment funds with investment objectives similar to ours. In addition, our executive officers and directors and the partners of our investment adviser, AIM, serve or may serve as officers, directors or principals of entities that operate in the same or related line of business as we do or of investment funds managed by our affiliates, although we may not be given the opportunity to participate in certain investments made by investment funds managed by advisers affiliated with AIM. However, our investment adviser and its affiliates intend to allocate investment opportunities in a fair and equitable manner consistent with our investment objectives and strategies so that we are not disadvantaged in relation to any other client.

We have entered into a royalty-free license agreement with AIM, pursuant to which AIM has agreed to grant us a non-exclusive license to use the name “Apollo.” Under the license agreement, we have the right to use the “Apollo” name for so long as AIM or one of its affiliates remains our investment adviser. In addition, we rent office space from Apollo Investment Administration LLC (“Apollo Administration”), an affiliate of AIM and pay Apollo Administration our allocable portion of overhead and other expenses incurred by Apollo Administration in performing its obligations under our administration agreement with Apollo Administration, including our allocable portion of the cost of our chief financial officer and chief compliance officer and their respective staffs, which can create conflicts of interest that our board of directors must monitor.

Apollo Investment Fund IV, LP (together with Apollo Overseas Partners IV, LP, an entity formed to co-invest with Apollo Investment Fund IV, LP), a private fund managed by an investment manager affiliated with AIM, owns approximately 14% of the outstanding common stock (on a fully diluted basis) of United Rentals, Inc. Michael S. Gross, chairman of the board and a managing partner of AIM, and Gerald Tsai Jr., one of our independent directors, are members of the board of directors of United Rentals, Inc.

We will not invest in any portfolio company in which any affiliate of AIM has a pre-existing investment. We may, however, co-invest on a concurrent basis with other affiliates of AIM, subject to compliance with applicable allocation procedures.

2/28/2006 8K Information

Mr. Gross co-founded Apollo Management, L.P. in 1990 and has management responsibilities for other Apollo investment funds. Apollo, together with its affiliates, acts as the Managing General Partner of the Apollo Investment Funds, private securities investment funds that hold investments in Allied Waste Industries, Inc. He served as President, Chief Executive Officer and Managing Partner from February 2004 thru February 2006.

8/31/2005 Proxy Information

We have entered into an investment advisory and management agreement with AIM. Our senior management and our chairman of the Board of Directors have ownership and financial interests in AIM. Our senior management also serve as principals of other investment managers affiliated with AIM that may in the future manage investment funds with investment objectives similar to ours. In addition, our executive officers and directors and the partners of our investment adviser, AIM, serve or may serve as officers, directors or principals of entities that operate in the same or related line of business as we do or of investment funds managed by our affiliates. Accordingly, we may not be given the opportunity to participate in certain investments made by investment funds managed by advisers affiliated with AIM. However, our investment adviser and its affiliates intend to allocate investment opportunities in a fair and equitable manner consistent with our investment objectives and strategies so that we are not disadvantaged in relation to any other client.

We have entered into a royalty-free license agreement with AIM, pursuant to which AIM has agreed to grant us a non-exclusive license to use the name “Apollo.” Under the license agreement, we have the right to use the “Apollo” name for so long as AIM or one of its affiliates remains our investment adviser. In addition, we rent office space from Apollo Investment Administration LLC (“Apollo Administration”), an affiliate of AIM and pay Apollo Administration our allocable portion of overhead and other expenses incurred by Apollo Administration in performing its obligations under the administration agreement, including our allocable portion of the cost of our chief financial officer and chief compliance officer and their respective staffs, which can create conflicts of interest that our Board of Directors must monitor.

Apollo Investment Fund IV, LP (together with Apollo Overseas Partners IV, LP, an entity formed to co-invest with Apollo Investment Fund IV, LP), a private fund managed by an investment manager affiliated with AIM, owns approximately 14% of the outstanding common stock (on a fully diluted basis) of United Rentals, Inc. Michael S. Gross, our president, chief executive officer, Chairman of the Board and a managing partner of AIM, and Gerald Tsai Jr., one of our independent directors, are members of the Board of Directors of United Rentals, Inc.

We will not invest in any portfolio company in which any affiliate of AIM has a pre-existing investment. We may, however, co-invest on a concurrent basis with other affiliates of AIM, subject to compliance with applicable allocation procedures.