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Ares Dynamic Credit Allocation Fund (NYSE:ARDC) has declared a monthly distribution of $0.1175 per share for July 2024. Shareholders of record on July 22, 2024, will receive the payout on July 31, 2024.
The distribution, based on ARDC's closing share price of $15.17 as of July 10, 2024, equates to an annualized rate of approximately 9.29%. This rate is calculated by annualizing the distribution amount and dividing it by the current price, though it is not necessarily indicative of future results.
The timing and amount of future distributions are at ARDC's discretion. Notices required by Section 19(a) of the Investment Company Act of 1940 will be provided if distributions include sources other than net investment income. Detailed tax information will be provided on Form 1099‑DIV annually.
Ares Capital Management II has released the latest data for the Ares Dynamic Credit Allocation Fund (NYSE: ARDC) as of May 31, 2024. The update includes comprehensive details about the fund's composition and performance.
Interested parties can access this information via the Ares public funds website at www.arespublicfunds.com. This monthly update aims to provide transparency and current insights into the fund's strategies and holdings, helping investors make informed decisions.
Ares Dynamic Credit Allocation Fund (NYSE:ARDC) announced a June 2024 monthly distribution of $0.1175 per share. Key dates are:
Ex-Date: June 21, 2024
Record Date: June 21, 2024
Payable Date: June 28, 2024
This distribution equates to an annualized rate of approximately 9.64%, based on the current share price of $14.62 (as of June 10, 2024). However, this rate is informational and not indicative of future results.
The Fund may adjust future distributions at its discretion. Notices about distributions derived from other sources such as short-term capital gains or return of capital will be sent to stockholders and posted on the Fund's website.
The reported amounts are estimates and not for tax purposes. Final determinations will be made post fiscal year-end, with investors receiving Form 1099-DIV in January or February for reporting distributions for federal income tax purposes.
Ares Capital Management II announced that the monthly portfolio data for Ares Dynamic Credit Allocation Fund (NYSE:ARDC) as of April 30, 2024, is now accessible on their public funds website. This release provides detailed information on the fund's composition and performance.
Ares Dynamic Credit Allocation Fund, Inc. (ARDC) declared a monthly distribution of $0.1175 per share for May 2024. The annualized distribution rate is approximately 9.71%. The timing and amount of future distributions are at the Fund's discretion. Investors will receive Form 1099-DIV for tax reporting purposes.
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