[Form 3] ARES CAPITAL CORP Initial Statement of Beneficial Ownership

Ian Fitzgerald, serving as Director and an officer (General Counsel, Vice President and Secretary) of Ares Capital Corp (ARCC), filed an initial Form 3 reporting direct ownership of 13,031.104 shares of the issuer's common stock.

Rhea-AI Filing Summary

Ian Fitzgerald, serving as Director and an officer (General Counsel, Vice President and Secretary) of Ares Capital Corp (ARCC), filed an initial Form 3 reporting direct ownership of 13,031.104 shares of the issuer's common stock. The event date triggering the filing is 09/30/2025. The filing is an initial beneficial‑ownership disclosure and lists a Power of Attorney as Exhibit 24.1.

Insights

Corporate Governance Analyst

Initial insider filing shows executive ownership but no derivatives or amendments.

The filing documents a straightforward, direct beneficial ownership stake of 13,031.104 common shares by an officer who is also a director. There are no derivative securities reported, and a Power of Attorney is attached as Exhibit 24.1.

The principal dependencies are the officer's continued status and any future transactions that would change reported holdings; investors can monitor subsequent Section 16 filings for sales, purchases, or derivative activity within the standard reporting windows.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fitzgerald Ian

Role GC, VP and Secretary

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 13,031.104 shares (Direct)

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Accepted by SEC EDGAR 10/07/2025 - 06:00 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Fitzgerald Ian

(Last) (First) (Middle)

C/O ARES CAPITAL CORPORATION

245 PARK AVENUE, 44TH FLOOR

(Street)

NEW YORK NY 10167

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/30/2025

3. Issuer Name and Ticker or Trading Symbol
ARES CAPITAL CORP [ ARCC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GC, VP and Secretary

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	13,031.104	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24.1 - Power of Attorney

	/s/ Ian Fitzgerald	10/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.