Ares Dynamic Credit Allocation Fund, Inc. to Issue Monthly Dividend of $0.11 (NYSE:ARDC)

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) declared a monthly dividend on Friday, September 11th. Shareholders of record on Monday, September 21st will be given a dividend of 0.1125 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Monday, September 21st.

Ares Dynamic Credit Allocation Fund Trading Down 0.6%

NYSE:ARDC opened at $12.02 on Friday. Ares Dynamic Credit Allocation Fund has a 12 month low of $11.60 and a 12 month high of $14.89. The firm has a fifty day simple moving average of $12.37 and a 200-day simple moving average of $12.45.

Ares Dynamic Credit Allocation Fund Company Profile

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.