ARDC Stock Recent News

Ares Dynamic Credit Allocation Fund offers a 9.2% dividend yield but carries high risk due to its heavy exposure to below investment grade debt and distribution volatility. The fund's performance is highly dependent on interest rate movements, with potential benefits from rate cuts but significant risks if rates remain high. ARDC's use of leverage amplifies both potential returns and risks, particularly in a high-interest-rate environment.

NEW YORK, NY / ACCESSWIRE / January 10, 2025 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of January 2025 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: January 21, 2025Record Date: January 21, 2025Payable Date: January 31, 2025Per Share Amount: $0.1175 Based on the Fund's current share price of $15.25 (as of its close on January 9, 2025), the distribution represents an annualized distribution rate of approximately 9.25% (calculated by annualizing the distribution amount and dividing it by the current price).

The Ares Dynamic Credit Allocation Fund has delivered a 26.40% total return over the past three years, outperforming domestic investment-grade and junk bonds. The fund's 9.25% yield is attractive compared to domestic bond indices but lower than many peer closed-end funds due to recent share price performance. The fund's high allocation to floating-rate securities could be detrimental if the Federal Reserve continues to reduce interest rates, impacting its income.

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NEW YORK, NY / ACCESSWIRE / July 25, 2024 / Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) as of June 30, 2024 is now available via www.arespublicfunds.com. About Ares Dynamic Credit Allocation Fund, Inc. Ares Dynamic Credit Allocation Fund, Inc. ("ARDC") is a closed-end management company that is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management Corporation.

Income investors are eyeing high-yield fixed income vehicles with interest rates potentially declining in 2024. Ares Dynamic Credit Allocation Fund offers attractive total return through current income and capital appreciation, investing primarily in senior loans and corporate bonds. ARDC pays monthly distributions with a 12.08% yield, has outperformed its industry and the S&P 500, and is currently trading at a premium to NAV.

Ares Dynamic Credit Allocation Fund (ARDC) invests in a portfolio of different high yielding assets like bonds, loans, and CLOs. ARDC offers a 9.4% dividend yield and has shown a consistent distribution history, making it attractive for income investors. ARDC's portfolio benefits from floating rate investments and senior secured debt.

Steven Bavaria discusses his investing strategy, focusing on generating income through high-yield assets like closed-end funds and credit markets. He emphasizes the importance of sticking with a strategy that aligns with one's risk tolerance and long-term goals, whether it's traditional equity investing or an income factory approach.

NEW YORK, NY / ACCESSWIRE / June 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of June 2024 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: June 21, 2024Record Date: June 21, 2024Payable Date: June 28, 2024Per Share Amount: $0.1175 Based on the Fund's current share price of $14.62 (as of its close on June 10, 2024), the distribution represents an annualized distribution rate of approximately 9.64% (calculated by annualizing the distribution amount and dividing it by the current price).

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