Ares Dynamic Credit Fund (NYSE: ARDC) holder buys 160,000 preferred
Rhea-AI Filing Summary
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.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 160,000 shares
Net Buy
3 txns
Insider
THRIVENT FINANCIAL FOR LUTHERANS
Role
10% Owner
Bought
160,000 shs ($4.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Mandatory Redeemable Preferred Shares, Series D | 160,000 | $25.00 | $4.00M |
| holding | Mandatory Redeemable Preferred Shares, Series B | -- | -- | -- |
| holding | Mandatory Redeemable Preferred Shares, Series C | -- | -- | -- |
Holdings After Transaction:
Mandatory Redeemable Preferred Shares, Series D — 160,000 shares (Direct);
Mandatory Redeemable Preferred Shares, Series B — 360,000 shares (Direct);
Mandatory Redeemable Preferred Shares, Series C — 400,000 shares (Direct)
Key Figures
Series D preferred shares purchased: 160,000 shares
Purchase price per Series D share: $25.00
Series D preferred shares held after: 160,000 shares
+2 more
5 metrics
Series D preferred shares purchased
160,000 shares
Mandatory Redeemable Preferred Shares, Series D bought on July 14, 2026
Purchase price per Series D share
$25.00
Price paid for Series D preferred shares on July 14, 2026
Series D preferred shares held after
160,000 shares
Directly owned Series D Mandatory Redeemable Preferred Shares after the purchase
Series C preferred shares held
400,000 shares
Directly owned Mandatory Redeemable Preferred Shares, Series C as of July 14, 2026
Series B preferred shares held
360,000 shares
Directly owned Mandatory Redeemable Preferred Shares, Series B as of July 14, 2026
Key Terms
Mandatory Redeemable Preferred Shares, open-market purchase, ten percent owner
3 terms
open-market purchase financial
"Transaction action listed as open-market purchase for Series D"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
ten percent owner financial
"Reporting person identified as a ten percent owner of the issuer"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Thrivent Financial for Lutherans buy in ARDC on July 14, 2026?
Thrivent Financial for Lutherans bought 160,000 Mandatory Redeemable Preferred Shares, Series D, of Ares Dynamic Credit Allocation Fund, Inc. at $25.00 per share on July 14, 2026, establishing a direct position in this preferred series.
What is Thrivent’s status in relation to Ares Dynamic Credit Allocation Fund (ARDC)?
Thrivent Financial for Lutherans is identified as a ten percent owner of Ares Dynamic Credit Allocation Fund, Inc. It directly holds preferred shares across Series B, C and D, including a newly reported Series D purchase at $25.00 per share.