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

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

Ares Dynamic Credit Allocation Fund Trading Down 0.4%

Shares of ARDC stock opened at $13.58 on Friday. Ares Dynamic Credit Allocation Fund has a 12-month low of $11.52 and a 12-month high of $15.62. The business’s 50 day moving average is $13.48 and its two-hundred day moving average is $13.96.

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.