Ares Dynamic Credit Allocation Fund, Inc. Declares Distribution for the Month of June 2023, Payable on June 30, 2023
June 10, 2023 at 01:45 am IST
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Ares Dynamic Credit Allocation Fund, Inc. announced the declaration of its distribution for the month of June 2023 of $0.1125 per common share, payable on June 30, 2023. Ex-Date is June 16, 2023. Record Date is June 20, 2023.
Ares Dynamic Credit Allocation Fund, Inc. (the Fund) is a closed end, diversified, management investment company. The Fund's investment objective is to seek an attractive risk adjusted level of total return, primarily through current income and secondarily, through capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a broad, dynamically managed portfolio of senior secured loans (Senior Loans) made primarily to companies whose debt is rated below investment grade; corporate bonds (Corporate Bonds) that are primarily high yield issues rated below investment grade; other fixed-income instruments of a similar nature that may be represented by derivatives, and securities issued by entities commonly referred to as collateralized loan obligations (CLOs) and other asset-backed securities. Its investments in CLOs may include investments in subordinated tranches of CLO securities. The Fund's investment adviser is Ares Capital Management II LLC.
ARES DYNAMIC CREDIT ALLOCATION FUND, INC. 