Ares Dynamic Credit Allocation Fund, Inc. filings document closed-end fund governance, stockholder voting, and formal proxy matters. Definitive proxy statements identify annual meeting business, including director elections, board recommendations, voting procedures, and the Fund's status as a Maryland corporation.
The filing record reflects ARDC's structure as a listed closed-end management investment company rather than an operating business. Its regulatory disclosures center on board oversight, shareholder meeting mechanics, capital-structure matters, and investment-company governance tied to the Fund's credit portfolio and externally managed structure.
Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is the issuer whose common shares are covered by Wells Fargo & Company’s report of beneficial ownership: 1,794,173 shares, or 7.8% of the class. Wells Fargo reports sole dispositive power over 1,794,173 shares and zero sole or shared voting power. The report is made by Wells Fargo & Company on its own behalf and on behalf of Wells Fargo Bank, National Association, Wells Fargo Advisors Financial Network, LLC, and Wells Fargo Clearing Services, LLC.
Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is the issuer in a joint beneficial-ownership report by Principal Life Insurance Company (PLIC) and Principal Global Investors, LLC (PGI), covering 160,000 mandatory redeemable preferred shares. PLIC directly owns the shares; as of September 30, 2026, PGI may be deemed their beneficial owner. Both report shared voting and dispositive power over 160,000 shares, with zero sole voting or dispositive power. The reported holding represents 4.0% of the class.
Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is the issuer of the mandatory redeemable preferred stock for which Sun Life Assurance Company of Canada and Sun Life Financial Inc. each report beneficial ownership of 780,000 shares, or 19.5% of the class. Sun Life Assurance Company of Canada reports sole voting and dispositive power over 780,000 shares, while Sun Life Financial Inc. reports shared voting and dispositive power over 780,000 shares.
Ares Dynamic Credit Allocation Fund, Inc. is the issuer of the Mandatory Redeemable Preferred Stock covered by an amended ownership report. Sun Life Assurance Company of Canada and Sun Life Financial Inc. each report beneficial ownership of 780,000 shares, equal to 19.5% of the class. The insurer reports sole voting and dispositive power over 780,000 shares; Sun Life Financial Inc. reports shared voting and dispositive power over 780,000 shares.
Ares Dynamic Credit Allocation Fund, Inc. (ARDC) reports that Thrivent Financial for Lutherans has filed Amendment No. 1 to a Schedule 13G disclosing beneficial ownership of its Mandatory Redeemable Preferred Shares.
Thrivent reports beneficial ownership of 800,000 preferred shares, representing 20% of this class, with sole voting and sole dispositive power over all such shares.
Ares Dynamic Credit Allocation Fund, Inc. (ARDC) reported that ten percent owner Thrivent Financial for Lutherans reallocated its holdings in the fund’s mandatory redeemable preferred shares. On September 15, 2026, 360,000 Series B shares were disposed of via issuer redemption at $25.00 per share, reducing that series holding to zero. On September 14, 2026, Thrivent purchased 240,000 Series E shares at $25.00 per share and continued to hold 400,000 Series C and 160,000 Series D shares, all directly owned. No Rule 10b5-1 trading plan is reported.
Ares Dynamic Credit Allocation Fund, Inc. has an institutional holder group led by Athene Annuity and Life Company and Apollo-affiliated entities reporting ownership of 160,000 shares of its Series B Mandatory Redeemable Preferred Stock (CUSIP 004014F31). This stake represents 4% of the Series B class.
All reporting entities list 0 shares with sole voting or dispositive power and 160,000 shares with shared voting and dispositive power. The percentage is based on 1,200,000 Series B, 2,000,000 Series C, and 800,000 Series D Mandatory Redeemable Preferred shares outstanding as of July 17, 2026. Several Apollo entities expressly disclaim beneficial ownership of shares held of record by Athene. The holding is reported as ownership of 5 percent or less of the class.
Wells Fargo & Company filed Amendment No. 7 to a Schedule 13G reporting its beneficial ownership in Ares Dynamic Credit Allocation Fund common shares. As of June 30, 2026, Wells Fargo reports beneficial ownership of 1,913,094 common shares, representing 8.3% of the class.
Wells Fargo reports no sole or shared voting power over these shares, but reports sole dispositive power over 1,913,094 shares and no shared dispositive power. The filing is made by Wells Fargo & Company on its own behalf and on behalf of subsidiaries including Wells Fargo Bank, National Association; Wells Fargo Advisors Financial Network, LLC; and Wells Fargo Clearing Services, LLC.
Thrivent Financial for Lutherans, a 10% owner of Ares Dynamic Credit Allocation Fund, Inc., bought 160,000 Mandatory Redeemable Preferred Shares, Series D, at $25.00 per share on July 14, 2026. It also reports directly holding 400,000 Series C and 360,000 Series B preferred shares.
Ares Dynamic Credit Allocation Fund, Inc. entered an agreement to sell mandatory redeemable preferred shares in two exempt private closings. The Fund agreed to issue 800,000 Series D and 1,200,000 Series E mandatory redeemable preferred shares, each with a $25.00 liquidation preference. The first closing for the Series D is currently expected on July 14, 2026 and the second closing for the Series E is currently expected on September 14, 2026, each subject to the satisfaction of customary closing conditions. Total gross proceeds to the Fund from these sales are anticipated to be $50 million. This Supplement amends and supplements the Fund's Prospectus and Statement of Additional Information dated August 26, 2024.