NEW YORK - Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) has declared its monthly distribution of $0.1125 per common share for May 2025, payable at the end of the month. This announcement follows the Fund’s established schedule of monthly distributions to shareholders.
The specified dates for the distribution are as follows: the ex-date and record date are set for May 19, 2025, with the payment date on May 30, 2025. The current share price of ARDC, as of market close on May 8, 2025, is $13.76. Based on this price, the distribution translates to an annualized rate of approximately 9.81%. InvestingPro analysis reveals this represents a significant dividend yield compared to peers, with the Fund maintaining a market capitalization of $331.83 million. This figure is presented for informational purposes and should not be viewed as an indicator of future performance.
Future distributions remain at the discretion of the Fund and may vary. Ares Dynamic Credit Allocation Fund is required by law to notify shareholders if a portion of a distribution comes from sources other than undistributed net investment income. The Fund will issue such notices and post them on their website.
For tax reporting purposes, the actual amounts and sources of distributions will only be determined after the Fund’s fiscal year-end and may be subject to change. Investors will receive a Form 1099DIV in January or February each year, detailing the distributions for federal income tax reporting.
Ares Dynamic Credit Allocation Fund, managed by Ares Capital Management II LLC, aims to deliver total return through current income and, secondarily, through capital appreciation. The Fund has demonstrated strong performance with a 4.14% total return over the past year, and InvestingPro assigns it a "GREAT" Financial Health score of 3.54 out of 5. However, there is no guarantee that the Fund will achieve its investment objective. The Fund trades on the New York Stock Exchange under the ticker ARDC, and its net asset value can be accessed through its NASDAQ ticker symbol, XADCX.
This announcement is not an offer to buy or sell shares and is based on a press release statement. Investors are advised to consider the Fund’s objectives, risks, charges, and expenses carefully before investing.
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