Ares Dynamic Credit Allocation Fund Declares September Distribution
News related to:ARES DYNAMIC CREDIT ALLOCATION FUND, INC · 2 min read
NEW YORK, Sept. 11, 2026 /CourierPR/ -- Ares Dynamic Credit Allocation Fund, Inc., a closed-end management company, has announced the declaration of its September 2026 distribution. The Fund, which trades on the New York Stock Exchange under the ticker ARDC, will pay out $0.1125 per common share to its investors.
The distribution is set to be payable on September 30, 2026, with the ex-date and record date both falling on September 21, 2026. As of September 10, 2026, the Fund's share price stood at $12.17, making the distribution represent an annualized rate of approximately 11.09%. This rate, however, is not indicative of future results and is subject to change.
The Fund's investment objective is to provide an attractive level of total return, primarily through current income and secondarily through capital appreciation. The portfolio is dynamically managed and includes a broad range of credit investments. The Fund's performance is subject to various risks, and there can be no assurance that it will achieve its investment objective.
Investors should note that the distribution rate is based on the current share price and does not necessarily reflect the yield or total return on an investment. The timing and amount of future distributions are at the discretion of the Fund. If necessary, the Fund may elect to pay an adjusting distribution in December to satisfy the minimum distribution requirements of the Internal Revenue Code.
According to the Fund's website, a notice will be distributed to shareholders in the event that a portion of the monthly distribution is derived from sources other than undistributed net investment income, such as short-term capital gain, long-term capital gain, or return of capital. Such notices will also be posted on the Fund's website at www.arespublicfunds.com.
For tax purposes, the actual amounts and sources of the distributions will be determined after the Fund's fiscal year-end. Investors will receive a Form 1099-DIV for the previous calendar year, defining how to report these distributions for federal income tax purposes.
The Fund's ticker symbol is XADCX, and its net asset value can be accessed through the NASDAQ. Additional information is available on the Fund's website, www.arespublicfunds.com.