Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1125 Per Share
Rhea-AI Summary
Ares Dynamic Credit Allocation Fund (NYSE:ARDC) declared a monthly distribution of $0.1125 per share for April 2026. Ex-date and record date are April 20, 2026; payable date is April 30, 2026.
Based on a closing share price of $12.27 on April 9, 2026, this distribution annualizes to approximately 11.00%. The company notes distribution sources are estimated and may include capital gains or return of capital; final tax characterization will be provided after fiscal year end.
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Positive
- Monthly distribution declared at $0.1125 per share
- Defined payment timetable: Ex/Record Apr 20, Payable Apr 30, 2026
- Implied annualized rate of approximately 11.00% based on $12.27 price
Negative
- Distribution sources are estimates and not final for tax reporting
- Future distributions and timing are at the fund's discretion
- Portion of distribution may be return of capital, reducing tax basis
News Market Reaction – ARDC
On the day this news was published, ARDC gained 0.57%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK CITY, NY / ACCESS Newswire / April 10, 2026 / Ares Dynamic Credit Allocation Fund, Inc. ("ARDC" or the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of April 2026 of
The following dates apply to the declared distribution:
Ex-Date: April 20, 2026
Record Date: April 20, 2026
Payable Date: April 30, 2026
Per Share Amount:
Based on the Fund's current share price of
The 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's 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's website at www.arespublicfunds.com.
The 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's 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's 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‑DIV for the previous calendar year that will define how to report these distributions for federal income tax purposes.
This press release is not intended to, and does not constitute, an offer to purchase or sell shares of ARDC.
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 of credit investments. There can be no assurance that ARDC will achieve its investment objective. ARDC's net asset value may be accessed through its NASDAQ ticker symbol, XADCX. Additional information is available at www.arespublicfunds.com.
Forward-Looking Statements
Statements included herein may constitute "forward-looking statements" 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's control. Ares Dynamic Credit Allocation Fund undertakes no duty to update any forward-looking statements made herein.
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's investment objective, risks, charges and expenses carefully before investing.
Ares 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 ARDC. Investors wishing to purchase or sell shares may do so by placing orders through a broker dealer or other intermediary.
Contact
Ares Dynamic Credit Allocation Fund, Inc.
John Stilmar
jstilmar@aresmgmt.com
(888) 818-5298
or
Destra Capital Advisors LLC
ARDC@destracapital.com
(877) 855-3434
SOURCE: Ares Dynamic Credit Allocation Fund, Inc.
View the original press release on ACCESS Newswire