Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 Per Share
Ares Dynamic Credit Allocation Fund (NYSE:ARDC) has declared a monthly distribution of $0.1175 per common share for August 2024. The distribution will be payable on August 30, 2024, with an ex-date and record date of August 20, 2024. Based on the Fund's current share price of $14.69 (as of August 8, 2024), this distribution represents an annualized distribution rate of approximately 9.60%. The Fund notes that this rate is for informational purposes only and not indicative of future results. The timing and amount of future distributions are at the discretion of the Fund. Stockholders will receive notices if any portion of the distribution comes from sources other than undistributed net investment income.
Il Ares Dynamic Credit Allocation Fund (NYSE:ARDC) ha dichiarato una distribuzione mensile di $0.1175 per ogni azione comune per agosto 2024. La distribuzione sarà pagabile il 30 agosto 2024, con una data ex e una data di registrazione del 20 agosto 2024. Sulla base del prezzo attuale delle azioni del Fondo di $14.69 (al 8 agosto 2024), questa distribuzione rappresenta un tasso di distribuzione annualizzato di circa il 9.60%. Il Fondo segnala che questo tasso è solo a scopo informativo e non è indicativo di risultati futuri. La tempistica e l'ammontare delle future distribuzioni sono a discrezione del Fondo. Gli azionisti riceveranno comunicazioni se qualche parte della distribuzione proviene da fonti diverse dal reddito netto di investimento non distribuito.
El Ares Dynamic Credit Allocation Fund (NYSE:ARDC) ha declarado una distribución mensual de $0.1175 por acción común para agosto de 2024. La distribución se pagará el 30 de agosto de 2024, con una fecha ex y una fecha de registro del 20 de agosto de 2024. Basado en el precio actual de la acción del Fondo de $14.69 (al 8 de agosto de 2024), esta distribución representa una tasa de distribución anualizada de aproximadamente el 9.60%. El Fondo señala que esta tasa es solo para fines informativos y no es indicativa de resultados futuros. La fecha y el monto de futuras distribuciones quedan a la discreción del Fondo. Los accionistas recibirán avisos si alguna parte de la distribución proviene de fuentes distintas de los ingresos netos de inversión no distribuidos.
Ares Dynamic Credit Allocation Fund (NYSE:ARDC)는 2024년 8월에 대해 주당 $0.1175의 월 배당금을 선언했습니다. 배당금은 2024년 8월 30일에 지급되며, 2024년 8월 20일에 배당기준일과 거래중지일이 설정됩니다. 2024년 8월 8일 기준으로 펀드의 현재 주가는 $14.69이며, 이번 배당금은 약 연간 배당률 9.60%에 해당합니다. 펀드는 이 비율이 정보 제공을 위한 것일 뿐 미래 결과를 나타내지 않는다고 언급합니다. 향후 배당금의 시기와 금액은 펀드의 재량에 따라 결정됩니다. 주주들은 배당금의 일부가 미분배 순투자 소득 외의 출처에서 발생하는 경우 알림을 받게 됩니다.
Le Ares Dynamic Credit Allocation Fund (NYSE:ARDC) a déclaré une distribution mensuelle de 0,1175 $ par action ordinaire pour août 2024. La distribution sera payable le 30 août 2024, avec une date ex-dividende et une date d'enregistrement le 20 août 2024. Sur la base du prix actuel de l'action du fonds de 14,69 $ (au 8 août 2024), cette distribution représente un taux de distribution annualisé d'environ 9,60 %. Le fonds note que ce taux est à des fins d'information uniquement et n'est pas indicatif des résultats futurs. Le calendrier et le montant des distributions futures sont à la discrétion du fonds. Les actionnaires recevront des avis si une partie de la distribution provient de sources autres que le revenu net d'investissement non distribué.
Der Ares Dynamic Credit Allocation Fund (NYSE:ARDC) hat eine monatliche Ausschüttung von $0.1175 pro Stammaktie für August 2024 bekanntgegeben. Die Ausschüttung wird am 30. August 2024 zahlbar sein, mit einem Ex-Tag und Aufnahmedatum am 20. August 2024. Basierend auf dem aktuellen Aktienkurs des Fonds von $14.69 (vom 8. August 2024) entspricht diese Ausschüttung einer annualisierten Ausschüttungsrate von ungefähr 9.60%. Der Fonds weist darauf hin, dass dieser Satz nur zu Informationszwecken dient und keine zukünftigen Ergebnisse indiziert. Der Zeitpunkt und die Höhe zukünftiger Ausschüttungen liegen im Ermessen des Fonds. Aktionäre erhalten Benachrichtigungen, wenn ein Teil der Ausschüttung aus anderen Quellen als nicht ausgeschütteten Nettoinvestitionserträgen stammt.
- Monthly distribution of $0.1175 per share declared
- Annualized distribution rate of approximately 9.60% based on current share price
- None.
NEW YORK, NY / ACCESSWIRE / August 9, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of August 2024 of
The following dates apply to the declared distribution:
Ex-Date: August 20, 2024
Record Date: August 20, 2024
Payable Date: August 30, 2024
Per Share Amount:
Based on the Fund's current share price of
The timing and amount of future distributions, if any, are at the discretion of the Fund. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to the Fund's stockholders in the event that a portion of a monthly distribution is derived from sources other than undistributed net investment income, such as from 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.
The amounts and sources of distributions reported are only estimates and are not provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment performance during the remainder of its fiscal year and may be subject to change based on tax regulations. The final determination of the source of these distributions will be made after the Fund's fiscal year end. If necessary, the Fund may elect to pay an adjusting distribution in December that includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code. In January or February of each year, investors will be sent a Form 1099‑DIV for the previous calendar year that will define how to report these distributions for federal income tax purposes.
This press release is not intended to, and does not constitute, an offer to purchase or sell shares of ARDC.
About Ares Dynamic Credit Allocation Fund, Inc.
Ares Dynamic Credit Allocation Fund, Inc. ("ARDC") is a closed-end management company that is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management Corporation. ARDC seeks to provide an attractive level of total return primarily through current income and, secondarily, through capital appreciation. ARDC invests in a broad, dynamically-managed portfolio of credit investments. There can be no assurance that ARDC will achieve its investment objective. ARDC's net asset value may be accessed through its NASDAQ ticker symbol, XADCX. Additional information is available at www.arespublicfunds.com.
Forward-Looking Statements
Statements included herein may constitute "forward-looking statements" within the meaning of the U.S. securities laws, and may relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results 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 our filings with the Securities and Exchange Commission and others beyond the Fund's control. Ares Dynamic Credit Allocation Fund undertakes no duty to update any forward-looking statements made herein.
This document is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted. An investor should consider the Fund's investment objective, risks, charges and expenses carefully before investing.
Ares Dynamic Credit Allocation Fund is a closed-end fund, which does not engage in a continuous offering of its shares. Since its initial public offering, the Fund has traded on the New York Stock Exchange under the symbol ARDC. Investors wishing to purchase or sell shares may do so by placing orders through a broker dealer or other intermediary.
Contact
Ares Dynamic Credit Allocation Fund, Inc.
John Stilmar
jstilmar@aresmgmt.com
(888) 818-5298
or
Destra Capital Advisors LLC
ARDC@destracapital.com
(877) 855-3434
SOURCE: Ares Dynamic Credit Allocation Fund
View the original press release on accesswire.com
FAQ
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