On December 8, 2016, the Board of Directors of the Fifth Street Senior Floating Rate Corp. appointed Patrick J. Dalton as Chief Executive Officer and to serve as a director of the Company, effective as of January 2, 2017. On December 14, 2016, the Company also announced that Ivelin M. Dimitrov will step down from his roles as Chief Executive Officer and a member of the Board of Directors, effective January 2, 2017, and that Todd G. Owens will step down from his roles as President and a member of the Board of Directors, effective January 2, 2017.

Mr. Dalton, 48, has over 20 years of credit and investment experience. Mr. Dalton joins the Company from Gordon Brothers Finance Company, where he served as the President, Chief Executive Officer, Chair of the Investment Committee and member of the board of directors from September 2012 to February 2016. Prior to that role, he served as President and Chief Operating Officer at Apollo Investment Corporation, from November 2008 to February 2012; Chief Investment Officer and Portfolio Manager at Apollo Investment Management, L.P. from 2007 to 2012; and a partner at Apollo Global Management from 2004 to 2012.

Before joining Apollo, Mr. Dalton was a Vice President with Goldman, Sachs & Co., Chase Securities Inc. and Chase Manhattan Bank.