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.

Ares Dynamic Credit Allocation Fund has increased its distribution for the fourth time in 18 months, reaching its highest distribution since inception. The ARDC closed-end fund's net income has risen to a record high since 2020, driven by the rise in base rates and a re-leveraging of the fund. ARDC has a portfolio split of 60/40 between floating-rate and fixed-rate corporate assets, with overweight allocations in the Energy, Leisure, and Technology sectors.

ARDC: Another Distribution Hike For This 11%-Yielding CEF

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Rose's Income Garden consists of 5 high yield monthly payers from the energy, utility, and finance sectors. The top monthly payer in RIG is PennantPark Floating Rate Capital Ltd. with a dividend yield of 11.7%. Other high yield monthly payers in RIG include SLR Investment Corp., Ares Dynamic Credit Allocation Fund, Neuberger Berman Energy Infrastructure Income Fund, and DNP Select Income Fund.

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The high level of inflation in the US is making it difficult for Americans to maintain their standard of living. Ares Dynamic Credit Allocation Fund, Inc. offers a high level of income for investors through its portfolio of debt securities. The fund's use of leverage and allocation to floating-rate securities helps to boost its effective yield and protect against rising interest rates.

ARDC: A Very Good Choice For Anyone Seeking A High-Yielding CEF

NEW YORK--(BUSINESS WIRE)--Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced today the declaration of its distribution for the month of August 2023 of $0.1125 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: August 18, 2023 Record Date: August 21, 2023 Payable Date: August 31, 2023 Per Share Amount: $0.1125 Based on the Fund's current share price of $12.73 (as of its close on August 10, 2023), the distribution.

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1125 Per Share

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Investors today are desperately in need of income due to the rapidly rising cost of living. Ares Dynamic Credit Allocation Fund, Inc. invests in a portfolio of both fixed-rate and floating-rate debt securities to provide investors with diversified exposure to the asset class. The ARDC closed-end fund is well-positioned for today's uncertain rate and economic environment.

ARDC: Earn A Nice 11.45% Yield With This CEF

NEW YORK--(BUSINESS WIRE)--Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced today that it has increased its monthly distribution for April 2023 to $0.1125 per common share from $0.1075 in March 2023, payable as noted below. The following dates apply to the declared distribution: Ex-Date: April 20, 2023 Record Date: April 21, 2023 Payable Date: April 28, 2023 Per Share Amount: $0.1125 Based on the Fund's current share price of $11.

Ares Dynamic Credit Allocation Fund Increases Monthly Distribution to $0.1125 Per Share

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ARDC: This 10.8%-Yielding Credit CEF Remains A Buy

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NEW YORK--(BUSINESS WIRE)--Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced today the declaration of its distribution for the month of March 2023 of $0.1075 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: March 17, 2023 Record Date: March 20, 2023 Payable Date: March 31, 2023 Per Share Amount: $0.1075 Based on the Fund's current share price of $12.

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution to $0.1075 Per Share

Ares Dynamic Credit Allocation Fund invests in a well-diversified portfolio of fixed-rate and floating-rate securities to provide investors with a high level of income. The fund's allocation to floating-rate securities should help cushion the portfolio against interest-rate risk as it appears unlikely the Fed will pivot in the near future.

ARDC: An Excellent High-Yield CEF For The Current Environment

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Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-on-cost basis.

The 8% Income Portfolio: 2022 Year-End Review

NEW YORK--( BUSINESS WIRE )--Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced today that it has increased its monthly distribution for January 2023 to $0.1075 per common share from $0.1025 in December 2022, payable as noted below.

Ares Dynamic Credit Allocation Fund Increases Monthly Distribution to $0.1075 Per Share

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Since I last wrote about ARDC in August, the discount has widened to more than -13% while the NAV has stabilized. Based on the current monthly distribution that was raised to $.1025 in August, the annual yield is now more than 10.5%.

ARDC: This Fixed Income Fund Trades At A Wide Discount And Yields 10.5%

The ARDC fund provides high income by investing in high yield bonds, senior loans, and CLO securities. It pays an attractive 10.5% current yield.

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'High-High-Low' Closed-End Fund Report, November 2022

NEW YORK--( BUSINESS WIRE )--Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced today the declaration of its distribution for the month of December 2022 of $0.1025 per common share, payable as noted below.

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1025 Per Share

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The CLO asset class is worth a look by income investors due to its strong historic profile, high yields and rising income levels. The asset class offers a wide variety of securities across the entire risk spectrum, with yields from mid-single-digit to double-digit levels.

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NEW YORK--(BUSINESS WIRE)--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, 2022 is now available via www.arespublicfunds.com.

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

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The market environment of high volatility and rising short-term rates has lowered the income-generating capacity of most CEFs. In this article, we highlight the five types of CEFs whose incomes have either been unaffected or have actually improved this year.

These 5 CEF Types Are Less Vulnerable To The Spike In Short-Term Rates

We revisit the credit fund ARDC - a historical outperformer in the fixed-income CEF space. ARDC features an attractive income profile with significant floating-rate exposure and half of its liabilities in fixed-rate format.

ARDC: An Attractive Income Profile For This 9.9%-Yielding Credit CEF

News for Ares Dynamic Credit Allocation Fund ETF (ARDC)