{"id":746788,"date":"2023-04-11T16:30:07","date_gmt":"2023-04-11T20:30:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ares-dynamic-credit-allocation-fund-increases-monthly-distribution-to-0-1125-per-share\/"},"modified":"2023-04-11T16:30:07","modified_gmt":"2023-04-11T20:30:07","slug":"ares-dynamic-credit-allocation-fund-increases-monthly-distribution-to-0-1125-per-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ares-dynamic-credit-allocation-fund-increases-monthly-distribution-to-0-1125-per-share\/","title":{"rendered":"Ares Dynamic Credit Allocation Fund Increases Monthly Distribution to $0.1125 Per Share"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Ares Dynamic Credit Allocation Fund Increases <\/b><b>Monthly Distribution to $0.1125 Per Share<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAres Dynamic Credit Allocation Fund, Inc. (the \u201cFund\u201d) <b>(NYSE: ARDC)<\/b> announced today that it has increased its monthly distribution for April 2023 to $0.1125 per common share from $0.1075 in March 2023, payable as noted below.<\/p>\n<p>\nThe following dates apply to the declared distribution:<\/p>\n<p>\nEx-Date: April 20, 2023<br \/>\n<br \/>Record Date: April 21, 2023<br \/>\n<br \/>Payable Date: April 28, 2023<br \/>\n<br \/>Per Share Amount: $0.1125<\/p>\n<p>\nBased on the Fund\u2019s current share price of $11.91 (as of its close on April 10, 2023), the distribution represents an annualized distribution rate of approximately 11.34% (calculated by annualizing the distribution amount and dividing it by the current price). <i>Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured. The distribution rate should not be considered the yield or total return on an investment in the Fund.<\/i><\/p>\n<p>\nThe timing and amount of future distributions, if any, are at the discretion of the Fund. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to the Fund\u2019s stockholders in the event that a portion of a monthly distribution is derived from sources other than undistributed net investment income, such as from short-term capital gain, long-term capital gain, or return of capital. Such notices will also be posted on the Fund\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.arespublicfunds.com&amp;esheet=53379650&amp;newsitemid=20230411005773&amp;lan=en-US&amp;anchor=www.arespublicfunds.com&amp;index=1&amp;md5=32a19b18c4760d9da1ae0581d3453026\">www.arespublicfunds.com<\/a>.<\/p>\n<p>\nThe amounts and sources of distributions reported are only estimates and are not provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund\u2019s investment performance during the remainder of its fiscal year and may be subject to change based on tax regulations. The final determination of the source of these distributions will be made after the Fund\u2019s fiscal year end. If necessary, the Fund may elect to pay an adjusting distribution in December that includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code. In January or February of each year, investors will be sent a Form 1099\u2011DIV for the previous calendar year that will define how to report these distributions for federal income tax purposes.<\/p>\n<p>\nThis press release is not intended to, and does not constitute, an offer to purchase or sell shares of ARDC.<\/p>\n<p><b>About Ares Dynamic Credit Allocation Fund, Inc.<\/b><\/p>\n<p>\nAres Dynamic Credit Allocation Fund, Inc. (\u201cARDC\u201d) 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.arespublicfunds.com&amp;esheet=53379650&amp;newsitemid=20230411005773&amp;lan=en-US&amp;anchor=www.arespublicfunds.com&amp;index=2&amp;md5=a60cf7e70a433920d9500492650d617b\">www.arespublicfunds.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\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. 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. Ares Dynamic Credit Allocation Fund undertakes no duty to update any forward-looking statements made herein.<\/p>\n<p><i>This document 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.<\/i><\/p>\n<p>\nAres Dynamic Credit Allocation Fund is a closed-end fund, which does not engage in a continuous offering of its shares. Since its initial public offering, the Fund has traded on the New York Stock Exchange under the symbol <b>ARDC<\/b>.<b \/>Investors wishing to purchase or sell shares may do so by placing orders through a broker dealer or other intermediary.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230411005773r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230411005773\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230411005773\/en\/<\/a><\/span><\/p>\n<p>\nAres Dynamic Credit Allocation Fund, Inc.<br \/>\n<br \/>John Stilmar<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jstilmar@aresmgmt.com\">jstilmar@aresmgmt.com<br \/>\n<\/a><br \/>(678) 538-1983<br \/>\n<br \/>or<br \/>\n<br \/>Destra Capital Advisors LLC<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ARDC@destracapital.com\">ARDC@destracapital.com<br \/>\n<\/a><br \/>(877) 855-3434<\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230411005773\/en\/1760839\/3\/NewAresPrintLogoRGB_Large.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Ares Dynamic Credit Allocation Fund Increases Monthly Distribution to $0.1125 Per Share NEW YORK&#8211;(BUSINESS WIRE)&#8211; Ares Dynamic Credit Allocation Fund, Inc. (the \u201cFund\u201d) (NYSE: ARDC) announced today that it has increased its monthly distribution for April 2023 to $0.1125 per common share from $0.1075 in March 2023, payable as noted below. The following dates apply to the declared distribution: Ex-Date: April 20, 2023 Record Date: April 21, 2023 Payable Date: April 28, 2023 Per Share Amount: $0.1125 Based on the Fund\u2019s current share price of $11.91 (as of its close on April 10, 2023), the distribution represents an annualized distribution rate of approximately 11.34% (calculated by annualizing the distribution amount and dividing it by the current price). Information regarding the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ares-dynamic-credit-allocation-fund-increases-monthly-distribution-to-0-1125-per-share\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ares Dynamic Credit Allocation Fund Increases Monthly Distribution to $0.1125 Per Share&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-746788","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ares Dynamic Credit Allocation Fund Increases Monthly Distribution to $0.1125 Per Share - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ares-dynamic-credit-allocation-fund-increases-monthly-distribution-to-0-1125-per-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ares Dynamic Credit Allocation Fund Increases Monthly Distribution to $0.1125 Per Share - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ares Dynamic Credit Allocation Fund Increases Monthly Distribution to $0.1125 Per Share NEW YORK&#8211;(BUSINESS WIRE)&#8211; Ares Dynamic Credit Allocation Fund, Inc. (the \u201cFund\u201d) (NYSE: ARDC) announced today that it has increased its monthly distribution for April 2023 to $0.1125 per common share from $0.1075 in March 2023, payable as noted below. The following dates apply to the declared distribution: Ex-Date: April 20, 2023 Record Date: April 21, 2023 Payable Date: April 28, 2023 Per Share Amount: $0.1125 Based on the Fund\u2019s current share price of $11.91 (as of its close on April 10, 2023), the distribution represents an annualized distribution rate of approximately 11.34% (calculated by annualizing the distribution amount and dividing it by the current price). 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/ares-dynamic-credit-allocation-fund-increases-monthly-distribution-to-0-1125-per-share\/","og_locale":"en_US","og_type":"article","og_title":"Ares Dynamic Credit Allocation Fund Increases Monthly Distribution to $0.1125 Per Share - Market Newsdesk","og_description":"Ares Dynamic Credit Allocation Fund Increases Monthly Distribution to $0.1125 Per Share NEW YORK&#8211;(BUSINESS WIRE)&#8211; Ares Dynamic Credit Allocation Fund, Inc. (the \u201cFund\u201d) (NYSE: ARDC) announced today that it has increased its monthly distribution for April 2023 to $0.1125 per common share from $0.1075 in March 2023, payable as noted below. The following dates apply to the declared distribution: Ex-Date: April 20, 2023 Record Date: April 21, 2023 Payable Date: April 28, 2023 Per Share Amount: $0.1125 Based on the Fund\u2019s current share price of $11.91 (as of its close on April 10, 2023), the distribution represents an annualized distribution rate of approximately 11.34% (calculated by annualizing the distribution amount and dividing it by the current price). 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