• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Ares Dynamic Credit Allocation Fund Announces $100 Million Private Placement of Preferred Stock

    7/15/21 4:00:00 PM ET
    $ARES
    $ARDC
    Investment Managers
    Finance
    Investment Managers
    Finance
    Get the next $ARES alert in real time by email

    Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) (the "Fund") announced today that it completed an initial $20 million closing in the first of two closings for a total of $100 million in privately placed mandatory redeemable preferred stock ("MRPS"). The second closing for the remaining $80 million of MRPS is expected to be completed in the third quarter of 2021. Net proceeds from the MRPS will be used to repay existing debt and for investment and general corporate purposes.

    The table below summarizes key terms of the MRPS.

    Series

    Size

    Dividend

    Rate

    Mandatory

    Redemption Date

    Series A

    $20 million

    2.58%

    July 15, 2026

    Series B

    $30 million

    2.58%

    September 15, 2026

    Series C

    $50 million

    3.03%

    September 15, 2028

    Total

    $100 million

    2.81%*

     

    *Represents the weighted average fixed rate of the MRPS.

    The MRPS will not be and have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws and may not be offered or sold absent registration under the Securities Act, or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

    This press release is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted. An investor should consider the Fund's investment objective, risks, charges and expenses carefully before investing.

    Statements included herein may constitute "forward-looking statements" within the meaning of the U.S. securities laws, and may relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in interest rates and significant market volatility on our portfolio companies, our industry and the global economy. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and others beyond the Fund's control. The Fund undertakes no duty to update any forward-looking statements made herein.

    About Ares Dynamic Credit Allocation Fund, Inc.

    ARDC is a closed-end management company that is externally managed 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. ARDC invests in a broad, dynamically-managed portfolio of credit investments. There can be no assurance that ARDC will achieve its investment objective. ARDC's net asset value may be accessed through its NASDAQ ticker symbol, XADCX. Additional information is available at www.arespublicfunds.com.

    About Ares Management Corporation

    Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the 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 collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2021, including the acquisition of Landmark Partners, which closed on June 2, 2021, and the acquisition of Black Creek Group, which closed on July 1, 2021, Ares Management's global platform had approximately $239 billion of assets under management with approximately 2,000 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com. Follow Ares on Twitter @Ares_Management.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20210715005823/en/

    Get the next $ARES alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $ARES
    $ARDC

    CompanyDatePrice TargetRatingAnalyst
    Ares Management Corporation
    $ARES
    7/28/2025Mkt Perform
    Raymond James
    Ares Management Corporation
    $ARES
    5/15/2025Outperform → Perform
    Oppenheimer
    Ares Management Corporation
    $ARES
    4/16/2025$159.00Perform → Outperform
    Oppenheimer
    Ares Management Corporation
    $ARES
    4/8/2025$165.00Mkt Perform → Mkt Outperform
    Citizens JMP
    Ares Management Corporation
    $ARES
    1/27/2025$224.00Overweight
    Barclays
    Ares Management Corporation
    $ARES
    12/20/2024$166.00 → $202.00Mkt Perform → Outperform
    Keefe Bruyette
    Ares Management Corporation
    $ARES
    12/12/2024$212.00Equal Weight → Overweight
    Wells Fargo
    Ares Management Corporation
    $ARES
    9/12/2024$156.00Equal Weight
    Wells Fargo
    More analyst ratings

    $ARES
    $ARDC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Raymond James initiated coverage on Ares Management

      Raymond James initiated coverage of Ares Management with a rating of Mkt Perform

      7/28/25 8:54:52 AM ET
      $ARES
      Investment Managers
      Finance
    • Ares Management downgraded by Oppenheimer

      Oppenheimer downgraded Ares Management from Outperform to Perform

      5/15/25 8:06:26 AM ET
      $ARES
      Investment Managers
      Finance
    • Ares Management upgraded by Oppenheimer with a new price target

      Oppenheimer upgraded Ares Management from Perform to Outperform and set a new price target of $159.00

      4/16/25 8:15:08 AM ET
      $ARES
      Investment Managers
      Finance

    $ARES
    $ARDC
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Ares Capital Corporation Announces June 30, 2025 Financial Results and Declares Third Quarter 2025 Dividend of $0.48 Per Share

      DIVIDEND DECLARATIONS Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced that its Board of Directors has declared a third quarter 2025 dividend of $0.48 per share. The third quarter 2025 dividend is payable on September 30, 2025 to stockholders of record as of September 15, 2025. JUNE 30, 2025 FINANCIAL RESULTS Ares Capital also announced financial results for its second quarter ended June 30, 2025. OPERATING RESULTS       Q2-25(3)   Q2-24(3) (dollar amounts in millions, except per share data)   Total Amount   Per Share   Total Amount   Per Share GAAP net income per

      7/29/25 7:00:00 AM ET
      $ARCC
      $ARES
      Finance: Consumer Services
      Finance
      Investment Managers
    • Ares Management Establishes Joint Venture With Savion to Invest in U.S. Solar Power Generation

      Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today that a fund managed by the Ares Infrastructure Opportunities strategy (the "Ares fund") and Savion Equity, LLC ("Savion"), a subsidiary of Shell plc, have established Tango Holdings, LLC ("Tango"), a joint venture that will support solar energy development and management in the United States. Founded in 2019, Savion develops large-scale solar and energy storage projects across 28 states. Tango will manage 496 megawatts of Savion-developed solar projects in Ohio, Kentucky, Oklahoma and Indiana. Tango is jointly owned by the Ares fund (80%) and Savion (20%) and will hold equity

      7/28/25 4:30:00 PM ET
      $ARES
      Investment Managers
      Finance
    • Ares Management Enhances Infrastructure Debt Team and Global Positioning to Advance Growth

      Ares Management Corporation ("Ares") (NYSE:ARES), a leading global alternative investment manager, announced today enhancements to its Infrastructure Debt team, including the most recent addition of Jon Plavnick as a Partner. Mr. Plavnick is based in New York and will focus on sourcing, structuring and managing infrastructure debt investments throughout the Americas. In addition, Spencer Ivey, Ares Partner and Head of Americas and Asia-Pacific Infrastructure Debt, has relocated to Ares' Sydney office to help accelerate the strategy's buildout in the Asia-Pacific region. Mr. Plavnick brings nearly two decades of experience in infrastructure debt, most recently serving as a Partner at Globa

      7/23/25 6:30:00 AM ET
      $ARES
      Investment Managers
      Finance

    $ARES
    $ARDC
    SEC Filings

    See more
    • Ares Management Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

      8-K - Ares Management Corp (0001176948) (Filer)

      6/11/25 4:25:55 PM ET
      $ARES
      Investment Managers
      Finance
    • SEC Form 144 filed by Ares Management Corporation

      144 - Ares Management Corp (0001176948) (Subject)

      5/27/25 4:32:29 PM ET
      $ARES
      Investment Managers
      Finance
    • SEC Form 144 filed by Ares Management Corporation

      144 - Ares Management Corp (0001176948) (Subject)

      5/15/25 4:24:27 PM ET
      $ARES
      Investment Managers
      Finance

    $ARES
    $ARDC
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Financial Officer Phillips Jarrod covered exercise/tax liability with 2,583 shares, decreasing direct ownership by 1% to 242,348 units (SEC Form 4)

      4 - Ares Management Corp (0001176948) (Issuer)

      7/3/25 6:19:18 PM ET
      $ARES
      Investment Managers
      Finance
    • Co-Founder & Chairman of PEG Rosenthal Bennett sold $14,347,484 worth of shares (85,000 units at $168.79) (SEC Form 4)

      4 - Ares Management Corp (0001176948) (Issuer)

      6/13/25 7:54:54 PM ET
      $ARES
      Investment Managers
      Finance
    • Large owner Ares Management Llc sold $19,928,025 worth of shares (2,250,000 units at $8.86) (SEC Form 4)

      4 - Ares Management Corp (0001176948) (Reporting)

      6/13/25 4:32:07 PM ET
      $ARES
      Investment Managers
      Finance

    $ARES
    $ARDC
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Bhutani Ashish bought $1,413,300 worth of shares (10,000 units at $141.33), increasing direct ownership by 77% to 22,905 units (SEC Form 4)

      4 - Ares Management Corp (0001176948) (Issuer)

      3/13/25 8:14:14 PM ET
      $ARES
      Investment Managers
      Finance
    • Ares Management Llc bought $2,838,930 worth of shares (150,000 units at $18.93) (SEC Form 4)

      4 - Ares Management Corp (0001176948) (Reporting)

      10/20/23 6:27:39 PM ET
      $ARES
      Investment Managers
      Finance
    • Ares Management Llc bought $2,219,490 worth of shares (150,000 units at $14.80) (SEC Form 4)

      4 - Ares Management Corp (0001176948) (Reporting)

      10/4/23 4:28:51 PM ET
      $ARES
      Investment Managers
      Finance

    $ARES
    $ARDC
    Financials

    Live finance-specific insights

    See more
    • Ares Capital Corporation Announces June 30, 2025 Financial Results and Declares Third Quarter 2025 Dividend of $0.48 Per Share

      DIVIDEND DECLARATIONS Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced that its Board of Directors has declared a third quarter 2025 dividend of $0.48 per share. The third quarter 2025 dividend is payable on September 30, 2025 to stockholders of record as of September 15, 2025. JUNE 30, 2025 FINANCIAL RESULTS Ares Capital also announced financial results for its second quarter ended June 30, 2025. OPERATING RESULTS       Q2-25(3)   Q2-24(3) (dollar amounts in millions, except per share data)   Total Amount   Per Share   Total Amount   Per Share GAAP net income per

      7/29/25 7:00:00 AM ET
      $ARCC
      $ARES
      Finance: Consumer Services
      Finance
      Investment Managers
    • Ares Management Acquires Minority Stake in Plenitude for €2 Billion

      Ares Management Corporation ("Ares") (NYSE:ARES), a leading global alternative investment manager, announced today that Ares Alternative Credit funds ("Ares Alternative Credit") have entered into a definitive agreement for the acquisition of a 20% stake in Plenitude, a leader in energy transition controlled by Eni, for approximately €2 billion. The consideration implies an enterprise value for Plenitude of over €12 billion. Completion of the transaction is subject to customary regulatory approvals. Plenitude operates in over 15 countries worldwide, integrating a business model that combines over 4 GW of renewable energy production, as well as retail and energy solutions. The company serve

      6/23/25 1:35:00 AM ET
      $ARES
      Investment Managers
      Finance
    • Ares Management Corporation Reports First Quarter 2025 Results

      Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2025. GAAP net income attributable to Ares Management Corporation was $47.2 million for the quarter ended March 31, 2025. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.00 for the quarter ended March 31, 2025. After-tax realized income was $381.4 million for the quarter ended March 31, 2025. After-tax realized income per share of Class A common stock was $1.09 for the quarter ended March 31, 2025. Fee related earnings were $367.3 million for the quarter ended March 31, 2025. "We rep

      5/5/25 6:00:00 AM ET
      $ARES
      Investment Managers
      Finance

    $ARES
    $ARDC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Ares Dynamic Credit Allocation Fund Inc.

      SC 13G/A - Ares Dynamic Credit Allocation Fund, Inc. (0001515324) (Subject)

      11/14/24 6:31:51 PM ET
      $ARDC
      Investment Managers
      Finance
    • Amendment: SEC Form SC 13G/A filed by Ares Dynamic Credit Allocation Fund Inc.

      SC 13G/A - Ares Dynamic Credit Allocation Fund, Inc. (0001515324) (Subject)

      11/14/24 4:33:24 PM ET
      $ARDC
      Investment Managers
      Finance
    • Amendment: SEC Form SC 13G/A filed by Ares Management Corporation

      SC 13G/A - Ares Management Corp (0001176948) (Subject)

      11/14/24 4:06:22 PM ET
      $ARES
      Investment Managers
      Finance

    $ARES
    $ARDC
    Leadership Updates

    Live Leadership Updates

    See more
    • Ares Management Announces Appointment of Sarah Cole as Co-Head of Global Capital Solutions

      Ms. Cole to Coordinate and Support Ares' Network of Strategic Banking Relationships and Investment Sourcing Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today the appointment of Sarah Cole as Partner and Co-Head of the Ares Global Capital Solutions team alongside current Partner and group Co-Head Roshan Chagan. In this newly created role, Ms. Cole will be responsible for enhancing Ares' strategic relationships with the banking, insurance and broader capital markets community. She will partner with senior leaders across Ares to deliver the advantages of its broad underwriting and financing capability to source new investment

      7/21/25 6:30:00 AM ET
      $ARES
      Investment Managers
      Finance
    • Joel Holsinger Appointed Co-Chair of the Ares Charitable Foundation

      Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Joel Holsinger, Partner and Co-Head of Ares' Alternative Credit strategy, was appointed to the Board of Directors of the Ares Charitable Foundation (the "Ares Foundation") to serve as Co-Chair alongside current Chair, Michael Arougheti, Chief Executive Officer of Ares. Since its launch in 2021, the Ares Foundation has committed more than $66 million to a global portfolio of nonprofit organizations to help people access the knowledge, resources and opportunities needed to chart pathways to self-sufficiency and drive strong local economies. To do so, the Ares Foundation awards grants and funds initiatives that strive to he

      3/31/25 6:30:00 AM ET
      $ARES
      Investment Managers
      Finance
    • Aspida Life Re Ltd. Appoints Elinor Friedman to its Board of Directors

      HAMILTON, Bermuda, March 26, 2025 (GLOBE NEWSWIRE) -- Aspida Life Re Ltd. ("Aspida Re"), a reinsurance company focused on providing life and annuity reinsurance solutions to companies globally, announced today the recent appointment of Elinor Friedman, FSA, MAAA to its Board of Directors ("the Board"). Ms. Friedman's extensive product development and pricing knowledge will complement and add broader insight to Aspida Re's board composition. Ms. Friedman is a seasoned actuary with vast experience in the life insurance and reinsurance space. From 2013 to 2024, she served as Managing Director at Willis Towers Watson where she provided consulting services to large and mid-size insurers and re

      3/26/25 8:00:00 AM ET
      $ARES
      Investment Managers
      Finance