Series<\/b><\/p>\n<\/td>\n
Size<\/b><\/p>\n<\/td>\n
Dividend<\/b><\/p>\n
Rate<\/b><\/p>\n<\/td>\n
Mandatory<\/b><\/p>\n
Redemption Date<\/b><\/p>\n<\/td>\n<\/tr>\n \nSeries A\n<\/p>\n<\/td>\n \n$20 million\n<\/p>\n<\/td>\n \n2.58%\n<\/p>\n<\/td>\n \nJuly 15, 2026\n<\/p>\n<\/td>\n<\/tr>\n \nSeries B\n<\/p>\n<\/td>\n \n$30 million\n<\/p>\n<\/td>\n \n2.58%\n<\/p>\n<\/td>\n \nSeptember 15, 2026\n<\/p>\n<\/td>\n<\/tr>\n \nSeries C\n<\/p>\n<\/td>\n \n$50 million\n<\/p>\n<\/td>\n \n3.03%\n<\/p>\n<\/td>\n \nSeptember 15, 2028\n<\/p>\n<\/td>\n<\/tr>\n Total<\/b><\/p>\n<\/td>\n $100 million<\/b><\/p>\n<\/td>\n 2.81%*<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n*Represents the weighted average fixed rate of the MRPS.\n<\/p>\n \nThe MRPS will not be and have not been registered under the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d) 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.\n<\/p>\n \nThis 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\u2019s investment objective, risks, charges and expenses carefully before investing.\n<\/p>\n \nStatements included herein may constitute \u201cforward-looking statements\u201d 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\u2019s control. The Fund undertakes no duty to update any forward-looking statements made herein.\n<\/p>\n About Ares Dynamic Credit Allocation Fund, Inc.<\/b><\/p>\n \nARDC 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\u2019s net asset value may be accessed through its NASDAQ ticker symbol, XADCX. Additional information is available at www.arespublicfunds.com<\/a>.\n<\/p>\n About Ares Management Corporation<\/b><\/p>\n \nAres 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<\/a>. Follow Ares on Twitter @Ares_Management.\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210715005823\/en\/<\/a><\/span><\/p>\n Media: Investors: KEYWORDS:<\/b> United States North America California<\/p>\n INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/p>\n
\n<\/b>
Mendel Communications LLC
\n
Bill Mendel
\n
bill@mendelcommunications.com
\n<\/a>
(212) 397-1030\n<\/p>\n
\n<\/b>
Ares Dynamic Credit Allocation Fund, Inc.
\n
Carl Drake
\n
cdrake@aresmgmt.com
\n<\/a>
(888) 818-5298
\n
or
\n
John Stilmar
\n
jstilmar@aresmgmt.com
\n<\/a>
(888) 818-5298
\n
or
\n
Destra Capital Advisors LLC
\n
ARDC@destracapital.com
\n<\/a>
(877) 855-3434\n<\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20210715005823\/en\/1135815\/3\/Ares_Logo_2020_6.8.21.jpg\"){kind=logo}
<\/td>\n<\/tr>\n