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 share for September 2024. The distribution is payable on September 30, 2024, with an ex-date and record date of September 19, 2024. Based on the Fund's current share price of $15.40 (as of September 9, 2024), this distribution represents an annualized distribution rate of approximately 9.16%.
The Fund notes that the distribution rate is provided for informational purposes only and does not indicate future results or yield. The timing and amount of future distributions are at the Fund's discretion. As required by law, notices will be distributed to stockholders if any portion of the distribution comes from sources other than undistributed net investment income.
Il Fondo per l'Allocazione Dinamica del Credito Ares (NYSE:ARDC) ha dichiarato una distribuzione mensile di $0.1175 per azione per settembre 2024. La distribuzione sarà pagabile il 30 settembre 2024, con una data di ex e una data di registrazione del 19 settembre 2024. Sulla base del prezzo attuale delle azioni del fondo di $15.40 (al 9 settembre 2024), questa distribuzione rappresenta un tasso di distribuzione annualizzato di circa il 9.16%.
Il fondo osserva che il tasso di distribuzione è fornito solo a scopo informativo e non indica risultati o rendimento futuri. La tempistica e l'importo delle distribuzioni future sono a discrezione del fondo. Come richiesto dalla legge, verranno inviati avvisi agli azionisti se parte della distribuzione proviene da fonti diverse dal reddito netto d'investimento non distribuito.
El Fondo de Asignación de Crédito Dinámica Ares (NYSE:ARDC) ha declarado una distribución mensual de $0.1175 por acción para septiembre de 2024. La distribución se pagará el 30 de septiembre de 2024, con una fecha ex y fecha de registro del 19 de septiembre de 2024. Con base en el precio actual de la acción del fondo de $15.40 (al 9 de septiembre de 2024), esta distribución representa una tasa de distribución anualizada de aproximadamente el 9.16%.
El fondo señala que la tasa de distribución se proporciona únicamente con fines informativos y no indica resultados o rendimientos futuros. El momento y el monto de las distribuciones futuras están a discreción del fondo. Como exige la ley, se enviarán avisos a los accionistas si alguna parte de la distribución proviene de fuentes distintas de los ingresos netos de inversión no distribuidos.
Ares 다이나믹 크레딧 할당 기금 (NYSE:ARDC)은 2024년 9월에 대한 주당 $0.1175의 월 배당금을 선언했습니다. 이 배당금은 2024년 9월 30일에 지급되며, 2024년 9월 19일이 배당락일 및 기록일입니다. 현재 이 기금의 주가가 $15.40(2024년 9월 9일 기준)인 것을 고려할 때, 이 배당금은 연간 배당률 약 9.16%에 해당합니다.
기금 측은 배당률이 정보 제공만을 목적으로 하며 향후 결과나 수익을 나타내지 않는다고 언급했습니다. 향후 배당금의 시기와 금액은 기금의 재량에 따라 결정됩니다. 법률에 따라, 배당금의 일부가 분배되지 않은 순투자소득 외의 출처에서 발생하는 경우, 주주에게 통지서가 배포됩니다.
Le Fonds d'Allocation de Crédit Dynamique Ares (NYSE:ARDC) a déclaré une distribution mensuelle de $0.1175 par action pour septembre 2024. La distribution sera payable le 30 septembre 2024, avec une date ex et une date d'enregistrement fixées au 19 septembre 2024. Sur la base du prix actuel de l'action du fonds de $15.40 (au 9 septembre 2024), cette distribution représente un taux de distribution annualisé d'environ 9,16%.
Le fonds note que le taux de distribution est fourni à titre informatif uniquement et n'indique pas les résultats ou rendements futurs. Le moment et le montant des distributions futures sont à la discrétion du fonds. Comme l'exige la loi, des avis seront envoyés aux actionnaires si une partie de la distribution provient de sources autres que du revenu net d'investissement non distribué.
Der Ares Dynamic Credit Allocation Fund (NYSE:ARDC) hat eine monatliche Ausschüttung von $0.1175 pro Aktie für September 2024 erklärt. Die Ausschüttung ist am 30. September 2024 fällig, mit einem Ex-Datum und Aufnahmedatum am 19. September 2024. Basierend auf dem aktuellen Aktienkurs des Fonds von $15.40 (Stand: 9. September 2024) entspricht diese Ausschüttung einer jährlichen Ausschüttungsrate von ungefähr 9,16%.
Der Fonds weist darauf hin, dass die Ausschüttungsrate nur zu Informationszwecken bereitgestellt wird und keine zukünftigen Ergebnisse oder Erträge anzeigt. Die zeitliche Festlegung und die Höhe zukünftiger Ausschüttungen liegen im Ermessen des Fonds. Wie gesetzlich vorgeschrieben, werden den Aktionären Mitteilungen zugestellt, wenn ein Teil der Ausschüttung aus anderen Quellen als nicht ausgeschütteten Nettoinvestitionseinkommen stammt.
- Monthly distribution of $0.1175 per share declared
- Annualized distribution rate of approximately 9.16% based on current share price
- None.
Insights
The declaration of a
It's important to understand that high distribution rates can sometimes be a red flag, potentially indicating unsustainable payouts. Investors should closely examine the fund's net asset value (NAV) trends and the sources of these distributions. If a significant portion comes from return of capital rather than income or capital gains, it could erode the fund's asset base over time.
The fund's transparency in providing Section 19(a) notices is commendable, as it helps investors understand the tax implications of these distributions. However, the true impact on an investor's returns will depend on factors such as the fund's performance, expense ratio and market conditions.
NEW YORK, NY / ACCESSWIRE / September 10, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of September 2024 of
The following dates apply to the declared distribution:
Ex-Date: September 19, 2024
Record Date: September 19, 2024
Payable Date: September 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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