Ares Dynamic Credit Allocation Fund, Inc. (ARDC) To Go Ex-Dividend on January 20th

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Friday, January 9th. Shareholders of record on Tuesday, January 20th will be paid a dividend of 0.1125 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Tuesday, January 20th.

Ares Dynamic Credit Allocation Fund Price Performance

Shares of ARDC stock traded down $0.06 on Friday, hitting $13.58. 539,746 shares of the company’s stock were exchanged, compared to its average volume of 162,968. The company has a 50 day moving average of $13.48 and a 200 day moving average of $13.96. Ares Dynamic Credit Allocation Fund has a 12 month low of $11.52 and a 12 month high of $15.62.

About Ares Dynamic Credit Allocation Fund

Ares Dynamic Credit Allocation Fund (NYSE: ARDC) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a diversified portfolio of credit instruments. Launched in mid-2019, the fund is sponsored and managed by Ares Management Corporation, a leading global alternative asset manager. ARDC’s investment objective centers on generating current income with an emphasis on preserving capital, drawing on Ares’s extensive experience in the credit markets.

The fund deploys capital across a broad spectrum of corporate credit opportunities, including senior secured loans, high-yield bonds, subordinated debt and direct lending to middle-market companies.