Ares Capital Corporation to Present at the 2022 RBC Capital Markets Financial Institutions Virtual Conference

Rhea-AI Summary

Ares Capital Corporation (ARCC) announced that CEO Kipp deVeer will present at the RBC Capital Markets Financial Institutions Virtual Conference on March 8, 2022, at 2:00 PM ET. Investors can access a live audio webcast on the company’s website, with a replay available afterward. Founded in 2004, Ares Capital focuses on providing direct loans and investments in U.S. private middle market companies, aiming for capital growth and current income for investors. As of December 31, 2021, it is the largest publicly traded business development company by market capitalization.

NEW YORK--(BUSINESS WIRE)-- Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced today that Kipp deVeer, Ares Capital’s Chief Executive Officer, is scheduled to present at the RBC Capital Markets Financial Institutions Virtual Conference on Tuesday, March 8, 2022 at 2:00pm ET.

A live audio webcast of the presentation will be available in the Investor Resources section of the Company’s website at www.arescapitalcorp.com. For those unable to listen to the live audio webcast, a replay will be available on the Company’s website shortly after the event.

ABOUT ARES CAPITAL CORPORATION

Founded in 2004, Ares Capital is a leading specialty finance company focused on providing direct loans and other investments in private middle market companies in the United States. Ares Capital’s objective is to source and invest in high-quality borrowers that need capital to achieve their business goals, which often leads to economic growth and employment. Ares Capital believes its loans and other investments in these companies can generate attractive levels of current income and potential capital appreciation for investors. Ares Capital, through its investment manager, utilizes its extensive, direct origination capabilities and incumbent borrower relationships to source and underwrite predominantly senior secured loans but also subordinated debt and equity investments. Ares Capital has elected to be regulated as a business development company (“BDC”) and is the largest publicly traded BDC by market capitalization as of December 31, 2021. Ares Capital is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES), a publicly traded, leading global alternative investment manager.

FORWARD-LOOKING STATEMENTS

Statements included herein or on the webcast/conference call may constitute “forward-looking statements,” which relate to future events or Ares Capital’s future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, including the impact of the COVID-19 pandemic and related changes in base interest rates and significant market volatility on our business, our portfolio companies, our industry and the global economy. Actual results and conditions may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Ares Capital’s filings with the SEC. Ares Capital undertakes no duty to update any forward-looking statements made herein or on the webcast/conference call.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220301006235/en/

Ares Capital Corporation

Carl G. Drake

or

John Stilmar

888-818-5298

irarcc@aresmgmt.com

Source: Ares Capital Corporation

FAQ

When is Ares Capital's presentation at the RBC Capital Markets Conference?

Ares Capital's presentation is scheduled for March 8, 2022, at 2:00 PM ET.

Where can I listen to the Ares Capital presentation?

You can listen to the Ares Capital presentation via a live audio webcast on their website.

What does Ares Capital focus on?

Ares Capital focuses on providing direct loans and investments to private middle market companies in the U.S.

What is the significance of Ares Capital being a BDC?

As a business development company (BDC), Ares Capital is required to distribute at least 90% of its taxable income to shareholders, which may lead to attractive investment returns.

What is Ares Capital's market position?

Ares Capital is the largest publicly traded BDC by market capitalization as of December 31, 2021.