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Audit: Redemption fill rate — Apollo Diversified Credit Fund

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Latest observation · Semiannual shareholder report (Form N-CSRS) · filed 2026-09-02 · period 2026-08-04

repurchase results / subsequent events — chars 296279:296949; approximately as filed

“As outlined in the Fund's Quarterly Repurchase Offer Notice dated June 25, 2026, the Fund offered to repurchase up to 5% of its outstanding shares at the net asset value of such shares on August 4, 2026. The shareholder repurchase requests received by the Fund in good order by the August 4, 2026, Repurchase Request Deadline exceeded the number of shares subject to the repurchase offer and, as such, the Fund determined to repurchase shares on a pro rata basis. Accordingly, the Fund repurchased approximately 27% of the 13,720,453 shares tendered for repurchase by the Repurchase Request Deadline, which resulted in 3,741,496 shares being repurchased for $82,988,387.”

Method Matched text template against the filing

Technical locator

https://www.sec.gov/Archives/edgar/data/1676197/000139834426016399/fp0100670-1_ncsrs.htm | repurchase results / subsequent events | chars 296279:296949 | approximately as filed

Extraction tiers, explained

Every stored observation below, newest first, with its extraction tier, the exact filing it came from, and the verbatim snippet it was read from. Derived values state their formula and constituent figures in the source line. Tiers: T1 = structured XBRL tag; T2 = matched text template; T3/R3 = narrative/term extraction.

PeriodValueTierSource filingProvenance
2026-08-04 27 T2 N-CSRS 2026-09-02
https://www.sec.gov/Archives/edgar/data/1676197/000139834426016399/fp0100670-1_ncsrs.htm | repurchase results …

https://www.sec.gov/Archives/edgar/data/1676197/000139834426016399/fp0100670-1_ncsrs.htm | repurchase results / subsequent events | chars 296279:296949 | approximately as filed

“As outlined in the Fund's Quarterly Repurchase Offer Notice dated June 25, 2026, the Fund offered to repurchase up to 5% of its outstanding shares at the net asset value of such shares on August 4, 2026. The shareholder repurchase requests received by the Fund in good order by the August 4, 2026, Repurchase Request Deadline exceeded the number of shares subject to the repurchase offer and, as such, the Fund determined to repurchase shares on a pro rata basis. Accordingly, the Fund repurchased approximately 27% of the 13,720,453 shares tendered for repurchase by the Repurchase Request Deadline, which resulted in 3,741,496 shares being repurchased for $82,988,387.”

extracted 2026-09-08T19:17:39 · confidence 1.0

2026-05-05 35 T2 N-CSRS 2026-09-02
https://www.sec.gov/Archives/edgar/data/1676197/000139834426016399/fp0100670-1_ncsrs.htm | redemption disclosu…

https://www.sec.gov/Archives/edgar/data/1676197/000139834426016399/fp0100670-1_ncsrs.htm | redemption disclosure (redemption_fill_rate)

“The shareholder repurchase requests received by the Fund in good order by the May 5, 2026 Repurchase Request Deadline exceeded the number of shares subject to the repurchase offer and, as such, the Fund determined to repurchase shares on a pro rata basis. Accordingly, the Fund repurchased approximately 35% of the 10,814,698 shares tendered for repurchase.”

extracted 2026-09-23T11:25:52 · confidence 0.9

2026-02-03 100 T2 N-CSRS 2026-09-02
https://www.sec.gov/Archives/edgar/data/1676197/000139834426016399/fp0100670-1_ncsrs.htm | redemption disclosu…

https://www.sec.gov/Archives/edgar/data/1676197/000139834426016399/fp0100670-1_ncsrs.htm | redemption disclosure (redemption_fill_rate)

“The shareholder repurchase requests received by the Fund in good order by the February 3, 2026 Repurchase Request Deadline were honored in their full amounts. The shareholder repurchase requests received by the Fund in good order by the May 5, 2026 Repurchase Request Deadline exceeded the number of shares subject to the repurchase offer and, as such, the Fund determined to repurchase shares on a pro rata basis. Accordingly, the Fund repurchased approximately 35% of the 10,814,698 shares tendered for repurchase. The result of the aforementioned repurchase offers were as follows: Repurchase Offer #1 Repurchase Offer #2 Commencement Date December 24, 2025 March 26, 2026 Repurchase Request Deadline February 3, 2026 May 5, 2026 Repurchase Pricing Date February 3, 2026 May 5, 2026 Dollars Repurchased $ 76,580,633 $ 84,283,479 Shares Repurchased 3,369,037 3,769,349 % of Outstanding Shares Offered to be Repurchased 5 % 5 % % of Outstanding Shares Repurchased 4.5 % 5 %”

extracted 2026-09-03T14:34:14 · confidence 0.9

2025-11-04 100 T2 N-CSR 2026-03-06
https://www.sec.gov/Archives/edgar/data/1676197/000139834426004660/fp0097839-1_ncsr.htm | redemption disclosur…

https://www.sec.gov/Archives/edgar/data/1676197/000139834426004660/fp0097839-1_ncsr.htm | redemption disclosure (redemption_fill_rate)

“The shareholder repurchase requests received by the Fund in good order by the February 4, 2025, May 6, 2025, August 5, 2025 and November 4, 2025 repurchase request deadlines were honored in their full amounts. The repurchase requests received by the Fund in good order by the November 4, 2025, deadline exceeded the number of shares subject to the repurchase offer and, as permitted by Rule 23c-3(b)(5) of the 1940 Act, the Fund elected to repurchase an additional 2% of the Fund's outstanding shares, which was sufficient to satisfy the full amount of repurchase requests. The result of the aforementioned repurchase offers were as follows: Repurchase Offer #1 Repurchase Offer #2 Repurchase Offer #3 Repurchase Offer #4 Commencement Date December 26, 2024 March 27, 2025 June 26, 2025 September 25, 2025 Repurchase Request Deadline February 4, 2025 May 6, 2025 August 5, 2025 November 4, 2025 Repurchase Pricing Date February 4, 2025 May 6, 2025 August 5, 2025 November 4, 2025 Dollars Repurchased $ 34,209,282 $ 51,280,452 $ 59,649,382 $ 91,497,110 Shares Repurchased 1,542,352 2,301,527 2,658,311 4,068,056 % of Outstanding Shares Offered to be Repurchased 5 % 5 % 5 % 5 % % of Outstanding Shares Repurchased 2.8 % 3.8 % 4.0 % 5.6 %”

extracted 2026-09-03T14:34:14 · confidence 0.9

2025-08-05 100 T2 N-CSR 2026-03-06
https://www.sec.gov/Archives/edgar/data/1676197/000139834426004660/fp0097839-1_ncsr.htm | redemption disclosur…

https://www.sec.gov/Archives/edgar/data/1676197/000139834426004660/fp0097839-1_ncsr.htm | redemption disclosure (redemption_fill_rate)

“The shareholder repurchase requests received by the Fund in good order by the February 4, 2025, May 6, 2025, August 5, 2025 and November 4, 2025 repurchase request deadlines were honored in their full amounts. The repurchase requests received by the Fund in good order by the November 4, 2025, deadline exceeded the number of shares subject to the repurchase offer and, as permitted by Rule 23c-3(b)(5) of the 1940 Act, the Fund elected to repurchase an additional 2% of the Fund's outstanding shares, which was sufficient to satisfy the full amount of repurchase requests. The result of the aforementioned repurchase offers were as follows: Repurchase Offer #1 Repurchase Offer #2 Repurchase Offer #3 Repurchase Offer #4 Commencement Date December 26, 2024 March 27, 2025 June 26, 2025 September 25, 2025 Repurchase Request Deadline February 4, 2025 May 6, 2025 August 5, 2025 November 4, 2025 Repurchase Pricing Date February 4, 2025 May 6, 2025 August 5, 2025 November 4, 2025 Dollars Repurchased $ 34,209,282 $ 51,280,452 $ 59,649,382 $ 91,497,110 Shares Repurchased 1,542,352 2,301,527 2,658,311 4,068,056 % of Outstanding Shares Offered to be Repurchased 5 % 5 % 5 % 5 % % of Outstanding Shares Repurchased 2.8 % 3.8 % 4.0 % 5.6 %”

extracted 2026-09-03T14:34:14 · confidence 0.9

2025-05-06 100 T2 N-CSR 2026-03-06
https://www.sec.gov/Archives/edgar/data/1676197/000139834426004660/fp0097839-1_ncsr.htm | redemption disclosur…

https://www.sec.gov/Archives/edgar/data/1676197/000139834426004660/fp0097839-1_ncsr.htm | redemption disclosure (redemption_fill_rate)

“The shareholder repurchase requests received by the Fund in good order by the February 4, 2025, May 6, 2025, August 5, 2025 and November 4, 2025 repurchase request deadlines were honored in their full amounts. The repurchase requests received by the Fund in good order by the November 4, 2025, deadline exceeded the number of shares subject to the repurchase offer and, as permitted by Rule 23c-3(b)(5) of the 1940 Act, the Fund elected to repurchase an additional 2% of the Fund's outstanding shares, which was sufficient to satisfy the full amount of repurchase requests. The result of the aforementioned repurchase offers were as follows: Repurchase Offer #1 Repurchase Offer #2 Repurchase Offer #3 Repurchase Offer #4 Commencement Date December 26, 2024 March 27, 2025 June 26, 2025 September 25, 2025 Repurchase Request Deadline February 4, 2025 May 6, 2025 August 5, 2025 November 4, 2025 Repurchase Pricing Date February 4, 2025 May 6, 2025 August 5, 2025 November 4, 2025 Dollars Repurchased $ 34,209,282 $ 51,280,452 $ 59,649,382 $ 91,497,110 Shares Repurchased 1,542,352 2,301,527 2,658,311 4,068,056 % of Outstanding Shares Offered to be Repurchased 5 % 5 % 5 % 5 % % of Outstanding Shares Repurchased 2.8 % 3.8 % 4.0 % 5.6 %”

extracted 2026-09-03T14:34:14 · confidence 0.9

2025-02-04 100 T2 N-CSR 2026-03-06
https://www.sec.gov/Archives/edgar/data/1676197/000139834426004660/fp0097839-1_ncsr.htm | redemption disclosur…

https://www.sec.gov/Archives/edgar/data/1676197/000139834426004660/fp0097839-1_ncsr.htm | redemption disclosure (redemption_fill_rate)

“The shareholder repurchase requests received by the Fund in good order by the February 4, 2025, May 6, 2025, August 5, 2025 and November 4, 2025 repurchase request deadlines were honored in their full amounts. The repurchase requests received by the Fund in good order by the November 4, 2025, deadline exceeded the number of shares subject to the repurchase offer and, as permitted by Rule 23c-3(b)(5) of the 1940 Act, the Fund elected to repurchase an additional 2% of the Fund's outstanding shares, which was sufficient to satisfy the full amount of repurchase requests. The result of the aforementioned repurchase offers were as follows: Repurchase Offer #1 Repurchase Offer #2 Repurchase Offer #3 Repurchase Offer #4 Commencement Date December 26, 2024 March 27, 2025 June 26, 2025 September 25, 2025 Repurchase Request Deadline February 4, 2025 May 6, 2025 August 5, 2025 November 4, 2025 Repurchase Pricing Date February 4, 2025 May 6, 2025 August 5, 2025 November 4, 2025 Dollars Repurchased $ 34,209,282 $ 51,280,452 $ 59,649,382 $ 91,497,110 Shares Repurchased 1,542,352 2,301,527 2,658,311 4,068,056 % of Outstanding Shares Offered to be Repurchased 5 % 5 % 5 % 5 % % of Outstanding Shares Repurchased 2.8 % 3.8 % 4.0 % 5.6 %”

extracted 2026-09-03T14:34:14 · confidence 0.9

2024-11-05 100 T2 N-CSR 2025-03-05
https://www.sec.gov/Archives/edgar/data/1676197/000119312525047112/d914154dncsr.htm | redemption disclosure (r…

https://www.sec.gov/Archives/edgar/data/1676197/000119312525047112/d914154dncsr.htm | redemption disclosure (redemption_fill_rate)

“The shareholder repurchase requests received by the Fund in good order by the February 6, 2024, May 7, 2024 and November 5, 2024 were honored in their full amounts. The August 6, 2024 repurchase requests received by the Fund exceeded the number of shares of the Fund subject to the repurchase offer and as such, the Fund determined to repurchase shares on a pro rata basis. Accordingly, the Fund repurchased approximately 98% of the total number of shares tendered for repurchase on August 6, 2024. The result of the aforementioned repurchase offers were as follows: Repurchase Offer #1 Repurchase Offer #2 Repurchase Offer #3 Repurchase Offer #4 Commencement Date December 28, 2023 March 28, 2024 June 27, 2024 September 26, 2024 Repurchase Request Deadline February 6, 2024 May 7, 2024 August 6, 2024 November 5, 2024 Repurchase Pricing Date February 6, 2024 May 7, 2024 August 6, 2024 November 5, 2024 Dollars Repurchased $36,568,770 $38,145,670 $71,737,773 $28,082,554 Shares Repurchased 1,675,792 1,751,412 3,246,074 1,263,841 % of Outstanding Shares Offered to be Repurchased 10% 5% 5% 5% % of Outstanding Shares Repurchased 4.6% 4% 7% 2.6%”

extracted 2026-09-03T14:34:14 · confidence 0.9

2024-08-06 98 T2 N-CSR 2025-03-05
https://www.sec.gov/Archives/edgar/data/1676197/000119312525047112/d914154dncsr.htm | redemption disclosure (r…

https://www.sec.gov/Archives/edgar/data/1676197/000119312525047112/d914154dncsr.htm | redemption disclosure (redemption_fill_rate)

“The August 6, 2024 repurchase requests received by the Fund exceeded the number of shares of the Fund subject to the repurchase offer and as such, the Fund determined to repurchase shares on a pro rata basis. Accordingly, the Fund repurchased approximately 98% of the total number of shares tendered for repurchase on August 6, 2024.”

extracted 2026-09-23T11:25:52 · confidence 0.9

2024-05-07 100 T2 N-CSR 2025-03-05
https://www.sec.gov/Archives/edgar/data/1676197/000119312525047112/d914154dncsr.htm | redemption disclosure (r…

https://www.sec.gov/Archives/edgar/data/1676197/000119312525047112/d914154dncsr.htm | redemption disclosure (redemption_fill_rate)

“The shareholder repurchase requests received by the Fund in good order by the February 6, 2024, May 7, 2024 and November 5, 2024 were honored in their full amounts. The August 6, 2024 repurchase requests received by the Fund exceeded the number of shares of the Fund subject to the repurchase offer and as such, the Fund determined to repurchase shares on a pro rata basis. Accordingly, the Fund repurchased approximately 98% of the total number of shares tendered for repurchase on August 6, 2024. The result of the aforementioned repurchase offers were as follows: Repurchase Offer #1 Repurchase Offer #2 Repurchase Offer #3 Repurchase Offer #4 Commencement Date December 28, 2023 March 28, 2024 June 27, 2024 September 26, 2024 Repurchase Request Deadline February 6, 2024 May 7, 2024 August 6, 2024 November 5, 2024 Repurchase Pricing Date February 6, 2024 May 7, 2024 August 6, 2024 November 5, 2024 Dollars Repurchased $36,568,770 $38,145,670 $71,737,773 $28,082,554 Shares Repurchased 1,675,792 1,751,412 3,246,074 1,263,841 % of Outstanding Shares Offered to be Repurchased 10% 5% 5% 5% % of Outstanding Shares Repurchased 4.6% 4% 7% 2.6%”

extracted 2026-09-03T14:34:14 · confidence 0.9

2024-02-06 100 T2 N-CSR 2025-03-05
https://www.sec.gov/Archives/edgar/data/1676197/000119312525047112/d914154dncsr.htm | redemption disclosure (r…

https://www.sec.gov/Archives/edgar/data/1676197/000119312525047112/d914154dncsr.htm | redemption disclosure (redemption_fill_rate)

“The shareholder repurchase requests received by the Fund in good order by the February 6, 2024, May 7, 2024 and November 5, 2024 were honored in their full amounts. The August 6, 2024 repurchase requests received by the Fund exceeded the number of shares of the Fund subject to the repurchase offer and as such, the Fund determined to repurchase shares on a pro rata basis. Accordingly, the Fund repurchased approximately 98% of the total number of shares tendered for repurchase on August 6, 2024. The result of the aforementioned repurchase offers were as follows: Repurchase Offer #1 Repurchase Offer #2 Repurchase Offer #3 Repurchase Offer #4 Commencement Date December 28, 2023 March 28, 2024 June 27, 2024 September 26, 2024 Repurchase Request Deadline February 6, 2024 May 7, 2024 August 6, 2024 November 5, 2024 Repurchase Pricing Date February 6, 2024 May 7, 2024 August 6, 2024 November 5, 2024 Dollars Repurchased $36,568,770 $38,145,670 $71,737,773 $28,082,554 Shares Repurchased 1,675,792 1,751,412 3,246,074 1,263,841 % of Outstanding Shares Offered to be Repurchased 10% 5% 5% 5% % of Outstanding Shares Repurchased 4.6% 4% 7% 2.6%”

extracted 2026-09-03T14:34:14 · confidence 0.9