Ares Dynamic Credit Allocation Fund

Ares Dynamic Credit Allocation Fund, Inc. is a closed-end investment company. Its investment objective is to provide an attractive level of total return, through current income, and capital appreciation. The company was founded on March 14, 2011 and is headquartered in Los Angeles, CA.

Ares Public Funds is an investment company. They provide investment activities in leveraged loans, high-yield bonds, private debt, private equity, and other types of investments. They offer alternative asset management, financial services, investment management, and direct lending.

NEW YORK CITY, NY / ACCESSWIRE / November 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of November 2024 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: November 21, 2024Record Date: November 21, 2024Payable Date: November 29, 2024Per Share Amount: $0.1175 Based on the Fund's current share price of $15.10 (as of its close on November 8, 2024), the distribution represents an annualized distribution rate of approximately 9.34% (calculated by annualizing the distribution amount and dividing it by the current price).

Ares Dynamic Credit Allocation Fund Declares A Monthly Distribution of $0.1175 per Share

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As a retired income investor, I focus on high-yield CEFs for reliable monthly distributions and potential capital gains from NAV discounts. Five CEFs to avoid currently: GOF, VVR, ARDC, WDI, IGR, due to high relative premiums or unfavorable market conditions. Recommended CEFs to buy/add: AOD, ASGI, JRI, MEGI, OPP, FSCO, offering high yields and potential for capital gains with favorable market conditions.

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Ares Dynamic Credit Allocation Fund (ARDC) has continued to see strong performance, but it continues to be helped out by pushing further into a richer valuation. ARDC's dynamic investment approach makes it somewhat unique and the fund also offers a strong distribution yield of 9.2%, which is well covered for now. ARDC's current premium valuation suggests modest future returns and is one of the fund's main risks if the valuation reverts to a discount going forward.

ARDC: Dynamic Approach To A High Yield

ARDC, a CEF specializing in high-yield debt, offers a 9.40% yield with monthly distributions and has NII/distribution coverage of 1.08X. The fund's portfolio includes senior loans, high-yield corporate bonds, and CLOs, using leverage to enhance returns. ARDC has outperformed its industry with a 35.66% total return over the past year.

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NEW YORK, NY / ACCESSWIRE / October 24, 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 September 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.

Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.

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NEW YORK, NY / ACCESSWIRE / October 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of October 2024 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: October 21, 2024Record Date: October 21, 2024Payable Date: October 31, 2024Per Share Amount: $0.1175 Based on the Fund's current share price of $15.31 (as of its close on October 10, 2024), the distribution represents an annualized distribution rate of approximately 9.21% (calculated by annualizing the distribution amount and dividing it by the current price).

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 Per Share

Ares Dynamic Credit Allocation Fund is a closed-ended fixed income fund managed by Ares Management LLC, primarily investing in below investment grade U.S. securities. ARDC is currently trading at a 4.5% premium to its NAV, making it less attractive for purchase at this time. The fund offers a 9.2% yield, but past yields were higher when the price was lower, making future gains and distributions uncertain.

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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.

Month-End Portfolio Data Now Available For Ares Dynamic Credit Allocation Fund, Inc.

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.

ARDC: 12% Yield, Outperforming Monthly Payer

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.

ARDC: Solid Income Fund But Trades At A Historical Premium

NEW YORK, NY / ACCESSWIRE / July 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of July 2024 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: July 22, 2024 Record Date: July 22, 2024 Payable Date: July 31, 2024 Per Share Amount: $0.1175 Based on the Fund's current share price of $15.17 (as of its close on July 10, 2024), the distribution represents an annualized distribution rate of approximately 9.29% (calculated by annualizing the distribution amount and dividing it by the current price).

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 per Share

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NEW YORK, NY / ACCESSWIRE / May 10, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of May 2024 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: May 20, 2024Record Date: May 21, 2024Payable Date: May 31, 2024Per Share Amount: $0.1175 Based on the Fund's current share price of $14.52 (as of its close on May 9, 2024), the distribution represents an annualized distribution rate of approximately 9.71% (calculated by annualizing the distribution amount and dividing it by the current price).

Ares Dynamic Credit Allocation Fund Declares A Monthly Distribution of $0.1175 Per Share

Inflation is keeping the need for Fed rate cuts at bay, benefiting funds with higher floating-rate security investment exposure. Ares Dynamic Credit Allocation Fund and XAI Octagon Floating Rate & Alternative Income Trust are two funds that can continue to generate higher income in the current environment. ARDC and XFLT offer attractive yields of 10%+, and even more importantly, these distributions are covered by the income received in their underlying portfolios.

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The Ares Dynamic Credit Allocation Fund, Inc. is a closed-end fund designed to provide income-focused investors with a high level of income from their assets. The ARDC closed-end fund has a strong performance track record and is managed by Ares Management Corporation, known for being one of the best credit managers in the industry. The fund's portfolio is designed to generate strong returns regardless of whether interest rates go up or down, making it a good choice in the current uncertain interest rate environment.

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Ares Dynamic Credit Allocation Fund is a flexible, diversified fixed-income fund managed by Ares Management. The fund has strong distribution coverage and has increased its distribution several times, with the potential for another increase. ARDC is trading at a historically attractive discount, making it an opportunity in the current environment.

ARDC: Providing A Solid ~11% Yield

Ares Dynamic Credit Allocation Fund, Inc. offers a competitive 11.02% distribution yield, appealing to income-focused investors. The ARDC closed-end fund's performance has been stable, outperforming the Bloomberg U.S. Aggregate Bond Index over the past three months. The fund's allocation to both fixed-rate bonds and floating-rate loans allows it to capitalize on changing interest rates.

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News for Ares Dynamic Credit Allocation Fund ETF (ARDC)