Apollo Asset Backed Credit Co. LLC

10/26/2026 | Press release | Distributed by Public on 10/26/2026 14:53

Net Asset Value (Form 8-K)

Net Asset Value

We calculate net asset value per share in accordance with valuation policies and procedures that have been approved by our board of directors. GAAP net asset value ("GAAP Net Asset Value") is the net asset value determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Transactional Net Asset Value is calculated by adjusting GAAP Net Asset Value as of each relevant valuation date for some or all of the following, as applicable, (i) the recognition of the shareholder servicing fees and distribution fees on a monthly basis as such fees are accrued, (ii) the exclusion of certain deferred tax liabilities that, although required to be recognized under U.S. GAAP, are not expected to be incurred by the Company based on anticipated income, available deductions and the timing of realization events, and (iii) the amortization of certain organizational and offering expenses over a 60-month period. The following table provides a breakdown of the major components of Transactional Net Asset Value as of September 30, 2026 ($ in thousands, except shares):

Components of Transactional Net Asset Value

Investments at fair value (cost of $1,885,761)

$

1,884,011

Cash and cash equivalents

194,932

Other assets

264,304

Other liabilities

(335,309

)

Distribution payable

(10,152

)

Accrued performance fee

(2

)

Management fee payable

(1,524

)

Accrued shareholder servicing fees and distribution fees (1)

(218

)

Transactional Net Asset Value

$

1,996,042

Number of outstanding shares

78,946,459

(1) Shareholder servicing and distribution fees apply only to Series I and Series II Class S Shares, Class F-S Shares, Class P-S Shares, and Class T-S Shares. For purposes of Transactional Net Asset Value, we recognize shareholder servicing fees and distribution fees as a reduction to Transactional Net Asset Value on a monthly basis as such fees are accrued. For purposes of GAAP Net Asset Value, we accrue the cost of the shareholder servicing fees and distribution fees, as applicable, for the estimated remaining life of the Series I and Series II Class S Shares, Class F-S Shares, Class P-S Shares and Class T-S Shares as of the date of such Transactional Net Asset Value.

The following table provides a breakdown of total Transactional Net Asset Value and Transactional Net Asset Value per share by class as of September 30, 2026 ($ in thousands, except shares and per share data):

Type

Monthly Transactional Net Asset Value

Number of Outstanding Shares

Transactional Net Asset Value per share as of September 30, 2026

Series I

A-I Shares

$

39,400

1,577,651

$

24.97

F-I Shares

$

114,658

4,562,401

$

25.13

F-S Shares

$

3

110

$

25.32

P-I Shares

$

571

23,074

$

24.75

P-S Shares

$

9,079

367,351

$

24.71

E Shares

$

159

6,276

$

25.30

T-I Shares

$

47,709

1,882,513

$

25.34

T-S Shares

$

73,884

2,925,121

$

25.26

I Shares

$

26,324

1,041,470

$

25.28

S Shares

$

362

14,251

$

25.39

V Shares

$

1

40

$

25.70

Series II

A-I Shares

$

76,571

3,066,186

$

24.97

F-I Shares

$

440,125

17,487,669

$

25.17

F-S Shares

$

72

2,847

$

25.11

P-I Shares

$

1,443

56,253

$

25.66

P-S Shares

$

220,934

8,733,058

$

25.30

E Shares

$

55,461

2,251,399

$

24.63

T-I Shares

$

150,468

5,897,153

$

25.52

T-S Shares

$

167,399

6,605,977

$

25.34

I Shares

$

356,042

13,993,486

$

25.44

S Shares

$

685

26,903

$

25.48

BD Shares

$

214,691

8,425,231

$

25.48

V Shares

$

1

40

$

25.60

Total

$

1,996,042

78,946,459

Reconciliation of Transactional Net Asset Value to GAAP Net Asset Value

The following table reconciles Transactional Net Asset Value to GAAP Net Asset Value as of September 30, 2026 ($ in thousands):

As of September 30, 2026

GAAP Net Asset Value

$

1,982,909

Adjustment:

Accrued shareholder servicing fees and distribution fees (1)

13,133

Transactional Net Asset Value

$

1,996,042

(1) Represents an adjustment to reflect shareholder servicing fees and distribution fees related to Series I and Series II Class S Shares, Class F-S Shares, Class P-S Shares and Class T-S Shares sold as they are accrued on a monthly basis.

Apollo Asset Backed Credit Co. LLC published this content on October 26, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 26, 2026 at 20:53 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]