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.
Wells Fargo & Company filed Amendment No. 4 to Schedule 13G reporting beneficial ownership of 1,792,520 common shares of Ares Dynamic Credit Allocation Fund (ARDC), equal to 7.8% of the class as of September 30, 2025.
The filer reports sole voting power: 1 share and sole dispositive power: 1,792,520 shares, with no shared voting or dispositive power. Wells Fargo is identified as a parent holding company (HC), and certifies the securities were acquired and are held in the ordinary course and not for the purpose of changing or influencing control.
A group led by Athene Annuity and Apollo-affiliated entities reports beneficial ownership of 760,000 Mandatory Redeemable Preferred Shares of Ares Dynamic Credit Allocation Fund, Inc. (ARDC), representing 19% of the class. The holdings consist of 360,000 Series A, 160,000 Series B and 240,000 Series C preferred shares, with shared voting and dispositive power and no sole voting or dispositive power reported.
The 19% figure is calculated using the issuer's outstanding totals as of April 1, 2025 (800,000 Series A; 1,200,000 Series B; 2,000,000 Series C). The filing is a Schedule 13G/A disclosure by multiple related Apollo and Athene entities that clarifies ownership and the relationships among reporting persons.