| UNITED STATES | |
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| Notice of Effectiveness | |
| Effectiveness Date: | August 26, 2024 9:30 A.M. |
| Form: | N-2 | ||||||
| |||||||
| UNITED STATES | |
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| Notice of Effectiveness | |
| Effectiveness Date: | August 26, 2024 9:30 A.M. |
| Form: | N-2 | ||||||
| |||||||
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40-17G - Ares Dynamic Credit Allocation Fund, Inc. (0001515324) (Filer)
SCHEDULE 13G - Ares Dynamic Credit Allocation Fund, Inc. (0001515324) (Subject)
N-CSRS - Ares Dynamic Credit Allocation Fund, Inc. (0001515324) (Filer)
4 - Ares Dynamic Credit Allocation Fund, Inc. (0001515324) (Issuer)
4 - Ares Dynamic Credit Allocation Fund, Inc. (0001515324) (Issuer)
3 - Ares Dynamic Credit Allocation Fund, Inc. (0001515324) (Issuer)
SC 13G/A - Ares Dynamic Credit Allocation Fund, Inc. (0001515324) (Subject)
SC 13G/A - Ares Dynamic Credit Allocation Fund, Inc. (0001515324) (Subject)
SC 13G/A - Ares Dynamic Credit Allocation Fund, Inc. (0001515324) (Subject)
NEW YORK, NY / ACCESSWIRE / January 10, 2025 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of January 2025 of $0.1175 per common share, payable as noted below.The following dates apply to the declared distribution:Ex-Date: January 21, 2025Record Date: January 21, 2025Payable Date: January 31, 2025Per Share Amount: $0.1175Based on the Fund's current share price of $15.25 (as of its close on January 9, 2025), the distribution represents an annualized distribution rate of approximately 9.25% (calculated by annualizing the distribution amount and dividing it by the current price). Information regarding the d
NEW YORK, NY / ACCESSWIRE / December 23, 2024 / Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) as of November 30, 2024 is now available via www.arespublicfunds.com.About Ares Dynamic Credit Allocation Fund, Inc.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 po
NEW YORK, NY / ACCESSWIRE / December 10, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of December 2024 of $0.1175 per common share, payable as noted below.The following dates apply to the declared distribution:Ex-Date: December 20, 2024Record Date: December 20, 2024Payable Date: December 31, 2024Per Share Amount: $0.1175Based on the Fund's current share price of $15.29 (as of its close on December 9, 2024), the distribution represents an annualized distribution rate of approximately 9.22% (calculated by annualizing the distribution amount and dividing it by the current price). Information regarding
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%
Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the appointment of Elaine Orr to its Board of Directors (the "Board") as an independent director and chair of the audit committee. In addition, ARDC announced today the resignation of Paula B. Pretlow from the Board. Both Ms. Orr's appointment and Ms. Pretlow's resignation became effective August 9, 2022. Ms. Orr brings extensive institutional investment, foundation and wealth management experience, having served in leadership and board positions at a number of leading global financial institutions. Most recently, Ms. Orr served as Senior Director of Philanthropy and Strategic Partnerships for the Robert Toi
NEW YORK--(BUSINESS WIRE)--Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) today announced the appointment of Paula B. Pretlow to its Board of Directors as an independent director and a member of the audit committee. Ms. Pretlow’s appointment became effective February 16, 2021. Ms. Pretlow brings more than three decades of finance, investment management and business development leadership experience to the ARDC Board. Previously, Ms. Pretlow was a Senior Vice President at The Capital Group for 12 years, where she led the public fund business development and client relationship group. Her investment industry experience also includes senior roles at BlackRock and AXA Rosenbe