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Ares Capital Corporation - ARCC STOCK NEWS

Welcome to our dedicated page for Ares Capital Corporation news (Ticker: ARCC), a resource for investors and traders seeking the latest updates and insights on Ares Capital Corporation stock.

Ares Capital Corporation (NASDAQ: ARCC) is a prominent specialty finance company based in the United States, uniquely positioned to meet the distinct and underserved financing needs of private middle-market companies. Established in 2004, Ares Capital focuses on generating both current income and capital appreciation through a diverse portfolio of debt and equity investments.

The company primarily invests in U.S. middle-market companies but also explores opportunities with larger firms. Its investment portfolio includes first lien senior secured loans, second lien senior secured loans, mezzanine debt (subordinated unsecured loans), and occasionally, preferred and common equity investments. These investments are spread across various industries and sectors, ensuring a well-diversified portfolio.

Ares Capital's core business revolves around providing direct loans and other financial solutions to high-quality borrowers who require capital to achieve their business objectives. This often contributes to economic growth and job creation. The company leverages its extensive direct origination capabilities and strong relationships with incumbent borrowers to source and underwrite primarily senior secured loans, as well as subordinated debt and equity investments.

As a Business Development Company (BDC), Ares Capital is subject to regulatory requirements designed to protect investors. It is the largest publicly traded BDC by market capitalization as of the latest updates. The company is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager.

Recent updates include the announcement of Ares Capital's third-quarter earnings report for 2023, scheduled for release on October 24, 2023. The company invites interested parties to join a webcast/conference call on the same day. Furthermore, Ares Capital has been highlighted as an undervalued stock by BetterInvesting Magazine's January 2024 issue.

For more detailed information and to stay updated with the latest developments, visit the Investor Resources section on their official website.

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Ares Capital Corporation (NASDAQ:ARCC) announced that CFO Penni Roll will present at the Raymond James & Associates' 43rd Annual Institutional Investors Conference on March 8, 2022, at 7:30 AM ET in Orlando, Florida. A live audio webcast will be available on the company's website, and a replay will follow shortly after the event. Founded in 2004, Ares Capital specializes in providing direct loans and investments in private middle-market companies in the U.S., focusing on high-quality borrowers for economic growth. As of December 31, 2021, it is the largest publicly traded BDC by market capitalization.

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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.

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Ares Capital Corporation (NASDAQ: ARCC) has declared a first quarter dividend of $0.42 per share, payable on March 31, 2022, to stockholders of record by March 15, 2022. Additionally, it announced a total of $0.12 in extra dividends for 2022, distributed quarterly. For Q4 2021, Ares Capital recorded a core EPS of $0.58, GAAP net income per share of $0.83, and total assets of $20.84 billion. The company also reported increased portfolio investments, reaching $20.01 billion at fair value. Strong credit quality positions Ares Capital favorably for future growth.

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Ares Capital Corporation (NASDAQ:ARCC) announced the tax treatment of its 2021 common stock distributions. The total paid per share is $1.6200, with ordinary income at $1.5737 (97.142% of total dividends) and interest-related dividends designated. No portion qualifies as capital gain dividends. Record dates for distributions were on 3/15, 6/15, 9/15, and 12/15 of 2021, with payable dates following shortly. Investors are advised to consult tax advisors for specific guidance.

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Ares Capital Corporation (Nasdaq: ARCC) has announced a public offering of 10,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,500,000 shares. The offering is made under a shelf registration statement filed with the SEC on June 3, 2021. Proceeds from the offering will be used to repay outstanding debt and for general corporate purposes, including investments in portfolio companies. Investors should review the preliminary prospectus supplement dated January 12, 2022, for detailed information.

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Ares Capital Corporation (Nasdaq: ARCC) has announced a public offering of $500 million in 2.875% notes due June 15, 2027. The notes may be redeemed at Ares Capital's option at par plus a make-whole premium. The offering is led by BofA Securities and J.P. Morgan, among others, and is expected to close on January 13, 2022. Ares Capital plans to use the net proceeds to repay outstanding indebtedness and for general corporate purposes, including investing in portfolio companies. Investors are urged to review the investment objectives and risks carefully before participating.

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Ares Capital Corporation (NASDAQ: ARCC) will report its earnings for the fourth quarter and fiscal year ended December 31, 2021, on February 9, 2022, before the market opens. A conference call is scheduled for 11:00 a.m. ET on the same day to discuss the results. Interested participants can join via telephone or a live webcast available on Ares Capital’s investor website. Ares Capital is a leading specialty finance company that provides loans to private middle-market companies, aiming for attractive income and capital appreciation for its investors.

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Ares Capital Corporation (NASDAQ: ARCC) announced that Penni Roll, CFO, will present at the Fitch Ratings BDC Conference on November 16, 2021, at 3:00 PM EDT. A live audio webcast will be accessible in the Investor Resources section of the company’s website at www.arescapitalcorp.com. Ares Capital, the largest BDC by market capitalization as of September 30, 2021, focuses on providing loans to private middle-market companies, aiming for attractive current income and potential capital appreciation for investors.

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Ares Capital Corporation (ARCC) has priced a public offering of $700 million in aggregate principal amount of 3.200% notes due 2031. The notes will mature on November 15, 2031 and are redeemable at Ares Capital’s option at any time at par plus a make-whole premium. The offering is expected to close on November 4, 2021. Funds from this offering will be used to repay outstanding debt and for general corporate purposes, including investments in portfolio companies. Major underwriters include BofA Securities and J.P. Morgan.

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FAQ

What is the current stock price of Ares Capital Corporation (ARCC)?

The current stock price of Ares Capital Corporation (ARCC) is $22.07 as of January 7, 2025.

What is the market cap of Ares Capital Corporation (ARCC)?

The market cap of Ares Capital Corporation (ARCC) is approximately 14.8B.

What does Ares Capital Corporation do?

Ares Capital Corporation is a specialty finance company that provides direct loans and other financial solutions to private middle-market companies in the U.S. Its goal is to generate current income and capital appreciation through a diverse portfolio of debt and equity investments.

What types of investments does ARCC make?

ARCC invests in first lien senior secured loans, second lien senior secured loans, mezzanine debt, and occasionally preferred and common equity investments. These investments are diversified across various industries and sectors.

How does ARCC generate revenue?

Ares Capital Corporation primarily generates revenue through interest and dividend income from its investments in debt and equity of middle-market companies.

What is the significance of ARCC being a Business Development Company (BDC)?

As a BDC, Ares Capital is subject to regulatory requirements designed to protect investors. This status allows the company to provide capital to middle-market companies while offering attractive returns to its shareholders.

Who manages Ares Capital Corporation?

Ares Capital is externally managed by a subsidiary of Ares Management Corporation, a leading global alternative investment manager.

When is ARCC's next earnings report scheduled?

Ares Capital Corporation will report its third-quarter earnings for 2023 on October 24, 2023. The company will also host a webcast/conference call on the same day.

What are the recent highlights for Ares Capital Corporation?

Recent highlights include Ares Capital being featured as an undervalued stock by BetterInvesting Magazine and the upcoming third-quarter earnings report for 2023.

How can I participate in ARCC's earnings call?

Interested parties can join the earnings call via telephone or live webcast. Details are available on the Investor Resources section of the company's official website.

What industries does ARCC invest in?

Ares Capital Corporation invests in a wide range of industries and sectors, ensuring a well-diversified portfolio that mitigates risk and captures opportunities across different market segments.

Where can I find more information about Ares Capital Corporation?

More information about Ares Capital Corporation can be found on their official website, particularly in the Investor Resources section.
Ares Capital Corporation

Nasdaq:ARCC

ARCC Rankings

ARCC Stock Data

14.78B
640.75M
0.53%
29.77%
2.64%
Asset Management
Financial Services
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United States of America
NEW YORK