ARES DYNAMIC CREDIT ALLOCATION FUND DECLARES A MONTHLY DISTRIBUTION OF $0.1125 PER SHARE
ARDC set its September 2026 monthly cash distribution, implying an 11.09% annualized rate at the latest reported market price.
Rhea-AI Summary
Ares Dynamic Credit Allocation Fund (ARDC) declared a September 2026 monthly distribution of $0.1125 per common share on September 11, 2026.
The distribution applies to shareholders of record on September 21, 2026, which is also the ex-date, and will be paid on September 30, 2026. Based on a share price of $12.17 at the close on September 10, 2026, this represents an annualized distribution rate of approximately 11.09%, calculated by annualizing the monthly amount and dividing by the current price. The company states that this rate is for informational purposes only, is not a yield or total return measure, and does not guarantee future distributions, whose timing and amounts remain at the fund’s discretion.
Positive
- Monthly distribution of $0.1125 per common share declared for September 2026
- Implied annualized distribution rate of approximately 11.09% at a $12.17 share price
Negative
- Future distribution timing and amounts are discretionary and not assured by the fund
AI-generated analysis. How Rhea-AI works. Not financial advice.
The following dates apply to the declared distribution:
Ex-Date: September 21, 2026
Record Date: September 21, 2026
Payable Date: September 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@ares.com
(888) 818-5298
or
Destra Capital Advisors LLC
ARDC@destracapital.com
(877) 855-3434
View original content:https://www.prnewswire.com/news-releases/ares-dynamic-credit-allocation-fund-declares-a-monthly-distribution-of-0-1125-per-share-302876608.html
SOURCE Ares Dynamic Credit Allocation Fund
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the key dates for ARDC’s September 2026 monthly distribution?
The ex-date and record date for ARDC’s September 2026 distribution are both September 21, 2026, and the payable date is September 30, 2026.
How is the 11.09% annualized distribution rate for ARDC calculated?
The annualized distribution rate is calculated by annualizing the $0.1125 monthly distribution and dividing that annualized amount by the fund’s current share price of $12.17 as of the close on September 10, 2026.
How will investors know if an ARDC distribution includes return of capital or capital gains?
If any portion of a monthly distribution comes from sources other than undistributed net investment income, such as short-term capital gain, long-term capital gain, or return of capital, the fund will distribute a Section 19(a) notice to stockholders. These notices will also be posted on the fund’s website at www.arespublicfunds.com.
When will ARDC investors receive tax reporting for their distributions?
In January or February of each year, investors will be sent a Form 1099-DIV for the previous calendar year, which will define how to report the fund’s distributions for federal income tax purposes.