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

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Tuesday, March 10th. Shareholders of record on Friday, March 20th will be paid a dividend of 0.1125 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date is Friday, March 20th.

Ares Dynamic Credit Allocation Fund Trading Down 0.8%

Shares of NYSE:ARDC traded down $0.11 during trading on Wednesday, reaching $12.29. 148,300 shares of the stock were exchanged, compared to its average volume of 121,092. Ares Dynamic Credit Allocation Fund has a 12 month low of $11.52 and a 12 month high of $15.03. The stock has a 50-day moving average price of $13.20 and a 200-day moving average price of $13.63.

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.