Ares Dynamic Credit Allocation Fund declares monthly distribution of $ 0.0975 per share
NEW YORK–(COMMERCIAL THREAD) – Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced the declaration of its distribution for the month of September 2021 of $ 0.0975 per common share, payable as set out below.
The following dates apply to the declared distribution:
Departure date: September 17, 2021
Recording date: September 20, 2021
Payment date: September 30, 2021
Amount per share: $ 0.0975
Based on the Fund’s current share price of $ 16.37 (as of its closing September 9, 2021), the distribution represents an annualized distribution rate of approximately 7.15% (calculated by annualizing the amount of the distribution and dividing it by the current price). Information concerning the payout ratio is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be guaranteed. The payout rate should not be viewed as the return or total return on an investment in the Fund.
The timing and amount of future distributions, if any, are at the discretion of the Fund. As required by Section 19 (a) of the Investment Company Act of 1940, notice will be distributed to shareholders of the Fund in the event that part of a monthly distribution is derived from sources other than net investment income. undistributed, such as capital gain, long-term capital gain, or return of capital. These notices will also be posted on the Fund’s website at www.arespublicfunds.com.
The amounts and sources of distributions declared are estimates only and are not provided for tax reporting purposes. The actual amounts and sources of amounts for tax reporting purposes will depend on the performance of the Fund’s investments during the remainder of its fiscal year and may be subject to change depending on tax regulations. The final determination of the source of such distributions will be made after the end of the financial year of the Fund. If necessary, the Fund may elect to pay an adjustment distribution in December which includes any additional income and net realized capital gains in excess of the monthly distributions for that year in order to meet Internal Revenue minimum distribution requirements. Coded. In January or February of each year, investors will receive a Form 1099-DIV for the previous calendar year that will define how to report these distributions for federal income tax purposes.
This press release is not intended to, and does not constitute, an offer to buy or sell shares of ARDC.
About Ares Dynamic Credit Allocation Fund, Inc.
Ares Dynamic Credit Allocation Fund, Inc. (“ARDC”) is a closed-end management company managed externally by Ares Capital Management II LLC, a subsidiary of Ares Management Corporation. ARDC seeks to provide an attractive level of total return primarily through current income and secondarily through capital appreciation. The ARDC invests in a large portfolio of dynamically managed credit investments. There can be no assurance that ARDC will achieve its investment objective. ARDC’s NAV can be accessed through its NASDAQ ticker symbol, XADCX. Further information is available at www.arespublicfunds.com.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager providing clients with complementary primary and secondary investment solutions across credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By working with our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2021, including the acquisition of Black Creek Group, which closed on July 1, 2021, Ares Management’s global platform had approximately $ 262 billion in assets under management with approximately 2,000 employees operating in America. North, Europe, Asia-Pacific and the Middle East. East. For more information, please visit www.aresmgmt.com. Follow Ares on Twitter @Ares_Management.
Statements included in this document may constitute “forward-looking statements” within the meaning of US securities laws and may relate to future events or our future financial performance or conditions. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in interest rates and significant volatility. market impact on our portfolio companies, our industry and the global economy. Actual results may differ materially from forward-looking statements due to a number of factors, including those described from time to time in our documents filed with the Securities and Exchange Commission and others beyond the control of the Fund. Ares Dynamic Credit Allocation Fund assumes no obligation to update any forward-looking statements contained in this document.
This document does not constitute an offer to sell securities and does not solicit an offer to buy securities in any jurisdiction where offering or selling is not permitted. An investor should carefully consider the investment objective, risks, charges and expenses of the Fund before investing.
Ares Dynamic Credit Allocation Fund is a closed-end fund, which does not engage in a continuous offering of its shares. Since its initial public offering, the Fund has been listed on the New York Stock Exchange under the symbol ARDC. Investors wishing to buy or sell stocks can do so by placing orders through a broker or other intermediary.