| 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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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)
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)
NEW YORK CITY, NY / ACCESSWIRE / November 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of November 2024 of $0.1175 per common share, payable as noted below.The following dates apply to the declared distribution:Ex-Date: November 21, 2024Record Date: November 21, 2024Payable Date: November 29, 2024Per Share Amount: $0.1175Based on the Fund's current share price of $15.10 (as of its close on November 8, 2024), the distribution represents an annualized distribution rate of approximately 9.34% (calculated by annualizing the distribution amount and dividing it by the current price). Information rega
NEW YORK, NY / ACCESSWIRE / October 24, 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 September 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 / October 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of October 2024 of $0.1175 per common share, payable as noted below.The following dates apply to the declared distribution:Ex-Date: October 21, 2024Record Date: October 21, 2024Payable Date: October 31, 2024Per Share Amount: $0.1175Based on the Fund's current share price of $15.31 (as of its close on October 10, 2024), the distribution represents an annualized distribution rate of approximately 9.21% (calculated by annualizing the distribution amount and dividing it by the current price). Information regarding the
Tuesday marks the last chance for investors to receive the next dividend payout from Ares Dynamic Credit (NYSE:ARDC). What's Happening The company announced on Monday that it would pay shareholders a monthly dividend of 11.75 cents per share. On Wednesday, Ares Dynamic Credit will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 11.75 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own ARDC as of the end of Tuesday's session are eligible to receive the 11.
Wednesday marks the last chance for investors to receive the next dividend payout from Ares Dynamic Credit (NYSE:ARDC). What's Happening The company announced on Tuesday that it would pay shareholders a monthly dividend of 11.25 cents per share. On Thursday, Ares Dynamic Credit will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 11.25 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own ARDC as of the end of Wednesday's session are eligible to receive the
Wednesday marks the last chance for investors to receive the next dividend payout from Ares Dynamic Credit (NYSE:ARDC). What's Happening The company announced on Tuesday that it would pay shareholders a monthly dividend of 11.25 cents per share. On Thursday, Ares Dynamic Credit will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 11.25 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own ARDC as of the end of Wednesday's session are eligible to receive the
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)
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