Welcome to our dedicated page for Ares Management news (Ticker: ARES), a resource for investors and traders seeking the latest updates and insights on Ares Management stock.
Ares Management Corporation reports developments across its global alternative investment management platform, including credit, real estate, private equity and infrastructure strategies. Company news commonly covers quarterly results, fee and performance income, fundraising, fund closings, direct lending origination activity and dividend declarations on its common stock.
Updates also track Ares Credit funds, Ares Commercial Finance, value-add real estate vehicles, Asia credit and special situations strategies, and sub-advised credit products. Recurring themes include capital deployment, senior secured financing commitments, fundraising across asset classes, global platform expansion and operating leadership changes.
Ares Capital Corporation (NASDAQ:ARCC) has announced the tax treatment of its 2022 common stock distributions. The record date for the distributions was March 15, 2022, with a payable date of March 31, 2022. A total of $1.8700 was paid per share, with ordinary income of $1.73809 and interest-related dividends at $0.05824. On June 15, September 15, and December 15, 2022, further distributions were announced, with totals of $0.4500, $0.4600, and $0.5100 per share, respectively. Notably, 100% of the dividends paid per share qualify as ordinary income, with no capital gain dividends. Investors are advised to consult tax professionals regarding specifics.
CION Investments and Ares Management Corporation have announced the CION Ares Diversified Credit Fund (CADC) has achieved a significant six-year milestone since its inception on January 26, 2017. As of December 31, 2022, CADC managed approximately $3.6 billion in assets, boasting a notable annualized distribution rate increase of over 26%, from $1.39 to $1.76 per share in 2022. CION Co-CEO Michael Reisner emphasized their commitment to providing individual investors with access to institutional-quality credit alternatives. The Fund employs a dynamic asset allocation approach to maximize risk-adjusted returns across market cycles.
Ares Capital Corporation (NASDAQ: ARCC) appointed Jana Markowicz as its Chief Operating Officer (COO). This position is newly created, and she will also serve as COO for Ares Management's U.S. Direct Lending strategy. Markowicz has been with Ares since 2005 and has played a significant role in the growth of its Direct Lending strategy. Kipp deVeer, CEO of Ares Capital, expressed confidence that her leadership will enhance their market position and long-term value for shareholders. Ares Capital is a leading specialty finance company focused on private middle market companies in the U.S.
Ares Management has signed a 12-year lease for 206,000 square feet at 1800 Avenue of the Stars in Century City, Los Angeles. This agreement positions Ares as an anchor tenant at the Anderson Towers, which is undergoing a $100 million renovation. The new workspace, expected to be completed by June 2024, will feature advanced amenities, including panoramic views and outdoor spaces. The project aims to create a modern, tech-integrated office environment designed to meet evolving tenant needs, enhancing Ares's operational base in a prime location.
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Ares Capital Corporation (Nasdaq: ARCC) announced a public offering of 9,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,350,000 shares. The offering utilizes Ares Capital’s existing shelf registration statement filed with the SEC. Major underwriters include Morgan Stanley, BofA Securities, and UBS Investment Bank. The net proceeds are expected to reduce outstanding debt and potentially support general corporate activities. Investors should review the preliminary prospectus for details on risks and investment objectives.
Ares Management Corporation (NYSE: ARES) announced the final closing of its Infrastructure Debt Fund V (IDF V) on December 29, 2022, achieving approximately $5.0 billion in commitments. The fund focuses on subordinated investments across sectors such as digital, utilities, renewables, energy, and transportation. Ares aims to provide customized credit solutions while engaging in responsible investment with sustainability-linked debt facilities. With a global team and a strong track record of $10.4 billion committed since 2011, IDF V has invested about $2.0 billion, or 40% of its capital base, to date.
CION Ares Management has announced an increase in distribution rates for the CION Ares Diversified Credit Fund (CADC), effective January 1, 2023. The Class I shares will now offer an annualized distribution rate of 7.29%, representing a 10% increase. Over the past year, the distribution for Class I shares has risen from $1.39 to $1.76 per share, reflecting a growth of more than 26%. CION attributes this performance to its dynamic allocation process and defensive positioning.
Ares Management Corporation (NYSE: ARES) will report its fourth quarter and full year earnings for 2022 on February 9, 2023, before the market opens. A conference call to discuss the results will take place that same day at 12:00 p.m. (ET). The company's platform manages approximately $341 billion in assets, with a global presence and over 2,450 employees. Access details for the call are provided for both domestic and international participants. Archived replays will be available until March 9, 2023.
Ares Management Corporation (NYSE: ARES) announced the appointment of Ashish Bhutani as an independent director on its Board, which now includes 11 members. Bhutani brings over 25 years of experience in asset management, having previously served as Chairman and CEO of Lazard Asset Management, overseeing $221 billion in assets. His expertise in capital markets and strategic vision is expected to enhance Ares' growth and product development. The company manages approximately $341 billion in assets and aims to deliver significant shareholder value.