Ares Dynamic Credit Allocation Fund, Inc. is a closed-ended fixed income mutual fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It invests in the fixed income markets of Europe. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, debt securities issued by CLOs, and other fixed-income instruments. It focuses on such factors as the overall macroeconomic environment, financial markets, and company specific research and analysis, to create its portfolio. Ares Dynamic Credit Allocation Fund, Inc. was formed on November 27, 2012 and is domiciled in the United States.
IPO Year: 2012
Exchange: NYSE
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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%
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
NEW YORK, NY / ACCESSWIRE / September 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 August 31, 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 por
NEW YORK, NY / ACCESSWIRE / September 10, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of September 2024 of $0.1175 per common share, payable as noted below.The following dates apply to the declared distribution:Ex-Date: September 19, 2024Record Date: September 19, 2024Payable Date: September 30, 2024Per Share Amount: $0.1175Based on the Fund's current share price of $15.40 (as of its close on September 9, 2024), the distribution represents an annualized distribution rate of approximately 9.16% (calculated by annualizing the distribution amount and dividing it by the current price). Information reg
NEW YORK, NY / ACCESSWIRE / August 26, 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 July 31, 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 portfoli
NEW YORK, NY / ACCESSWIRE / August 9, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of August 2024 of $0.1175 per common share, payable as noted below.The following dates apply to the declared distribution:Ex-Date: August 20, 2024Record Date: August 20, 2024Payable Date: August 30, 2024Per Share Amount: $0.1175Based on the Fund's current share price of $14.69 (as of its close on August 8, 2024), the distribution represents an annualized distribution rate of approximately 9.60% (calculated by annualizing the distribution amount and dividing it by the current price). Information regarding the distribu
NEW YORK, NY / ACCESSWIRE / July 25, 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 June 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 portfolio
NEW YORK, NY / ACCESSWIRE / July 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of July 2024 of $0.1175 per common share, payable as noted below.The following dates apply to the declared distribution:Ex-Date: July 22, 2024Record Date: July 22, 2024Payable Date: July 31, 2024Per Share Amount: $0.1175Based on the Fund's current share price of $15.17 (as of its close on July 10, 2024), the distribution represents an annualized distribution rate of approximately 9.29% (calculated by annualizing the distribution amount and dividing it by the current price). Information regarding the distribution rate
NEW YORK, NY / ACCESSWIRE / June 25, 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 May 31, 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 portfolio o
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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
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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
Thursday 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 Friday that it would pay shareholders a monthly dividend of 10.75 cents per share. On Friday, 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 10.75 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, Friday. Shareholders who own ARDC as of the end of Thursday's session are eligible to receive the 10.75 c
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 10.75 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 10.75 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, 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 10.25 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 10.25 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
During Wednesday's trading, 517 companies set new 52-week lows. Interesting Highlights From Today's 52-Week Lows: Microsoft (NASDAQ:MSFT) was the largest firm on a market cap basis to set a new 52-week low. SenesTech (NASDAQ:SNES) was the smallest firm by market cap to set a new 52-week low. Kinnate Biopharma (NASDAQ:KNTE) shares traded down 33.88% to reach its 52-week low, making it the biggest loser. AT&T (NYSE:T)'s shares had the biggest turnaround, impressively rebounding 0.0% after reaching a new 52-week low. The following stocks set new 52-week lows on Wednesday: Microsoft (NASDAQ:MSFT) stock set a new 52-week low of $223.96 on Wednesday, moving up 0.01%. JPMorgan Chase
On Thursday, 930 stocks hit new 52-week lows. Interesting Points From Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Microsoft (NASDAQ:MSFT). The smallest company by market cap to set a new 52-week low was FedNat Holding (NASDAQ:FNHC). Sunlight Finl Hldgs (NYSE:SUNL) saw the most pronounced move, as shares traded down 54.56% to hit its new 52-week low. Abbott Laboratories (NYSE:ABT)'s stock made the biggest bounce back, actually moving up 0.01% shortly after hitting a new 52-week low. Here are all the stocks that set new 52-week lows on Thursday: Microsoft (NASDAQ:MSFT) shares were down 2.37% for the day, having made a 52-week low
Wednesday's session saw 361 companies set new 52-week lows. Noteworthy Highlights From Today's 52-Week Lows: Visa (NYSE:V) was the biggest company on a market cap basis to set a new 52-week low. The smallest company by market cap to set a new 52-week low was Digital Brands Group (NASDAQ:DBGI). PhaseBio Pharmaceuticals (NASDAQ:PHAS) made the largest move down on the session, with shares plummeting 63.25% to reach its 52-week low. LG Display Co (NYSE:LPL)'s shares had the biggest turnaround, impressively rebounding 0.0% after reaching a new 52-week low. The following stocks created new 52-week lows on Wednesday: Visa (NYSE:V) stock hit a new 52-week low of $174.83. The stock was
Thursday 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 Thursday that it would pay shareholders a monthly dividend of 10.25 per share. On Friday, 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 10.25 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, Friday. Shareholders who own ARDC as of the end of Thursday's session are eligible to receive the 10.25 dividen