Ares Dynamic Credit Allocation Fund Announces Monthly Distribution of $0.1125 Per Share
The Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) has declared a monthly distribution of $0.1125 per common share for September 2026. The ex-date and record date are set for September 21, with the payment to be made on September 30. Based on its current share price of $12.17 as of September 10, this distribution equates to an annualized rate of approximately 11.09%. However, it is emphasized that future distributions are not guaranteed and will depend on various factors including the Fund's performance. The announcement also notes compliance with regulatory requirements under Section 19(a) of the Investment Company Act of 1940 regarding distribution sources such as capital gains or return of capital. Investors should be aware that these figures may change based on tax regulations and final investment results at year-end, which could lead to an adjusting distribution in December if necessary. ARDC is a closed-end fund managed by Ares Capital Management II LLC, aiming for total returns through income and secondary capital appreciation.
Tickers: $ARDC
Topics: dividends investment funds