Apollo Infrastructure Co. LLC

10/26/2026 | Press release | Distributed by Public on 10/26/2026 15:04

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 the 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 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 $2,123,240)

$

2,373,070

Cash and cash equivalents

229,735

Foreign currencies at fair value (cost of $26,586)

26,537

Other assets

23,441

Derivative assets

8,239

Derivative liabilities

(3,127)

Other liabilities

(416,371)

Distributions payable

(16,619)

Accrued performance fee

(9,468)

Management fee payable

(101)

Transactional Net Asset Value

$

2,215,336

Number of outstanding shares

74,057,027

The following table provides a breakdown of total Transactional Net Asset Value and Transactional Net Asset Value per share by type 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

Series I

A-II Shares

$

448,417

15,318,762

$

29.27

F-I Shares

$

82,800

2,886,397

$

28.69

V Shares

$

1

40

$

25.00

E Shares

$

3,464

116,148

$

29.82

I Shares

$

81,762

2,859,298

$

28.60

S Shares

$

3

110

$

28.32

Series II

A-II Shares

$

1,503,898

49,677,367

$

30.27

F-I Shares

$

74,474

2,510,133

$

29.67

V Shares

$

1

40

$

25.00

E Shares

$

3,003

97,333

$

30.85

I Shares

$

17,510

591,289

$

29.61

S Shares

$

3

110

$

29.32

Total

2,215,336

74,057,027

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

$

2,195,512

Adjustment:

Accrued shareholder servicing fees and distribution fees(1)

-

Deferred tax liabilities(2)

19,824

Amortization of certain organizational and offering expenses(3)

-

Transactional Net Asset Value

$

2,215,336

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

(2) Represents the exclusion of certain deferred tax liabilities that, although required to be recognized under GAAP, are not expected to be incurred by the Company based on anticipated income, available deductions and the timing of realization events.

(3) Represents amortization of certain organizational and offering costs over a 60-month period.

Apollo Infrastructure 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 21:05 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]