Apollo Asset Backed Credit Co. NAV $1.90B ($24.92-$25.77/sh) as of May 31; July distributions; NAV method change July 1

Apollo Asset Backed Credit Co LLC

NAV $1.90B as of May 31; per share from $24.92 (Series I P-S) to $25.77 (Series II S/BD).
Distributions declared per share range $0.0835-$0.1596; record June 30, payable July 28.
Effective July 1, 2026, company will use Transactional NAV adjusting for servicing fees, deferred tax liabilities, and organizational expense amortization.
Issued unregistered shares raising ~$50M in cash from accredited and non-U.S. investors.

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