Ares Dynamic Credit Allocation Fund, Inc. Declares Monthly Distributions for the January, February and March 2017, Payable on January 31, 2017, February 28, 2017 and March 31, 2017, Respectively
January 12, 2017 at 06:30 pm IST
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Ares Dynamic Credit Allocation Fund, Inc. announced the declaration of monthly distributions for the January, February and March 2017 of $0.1025 per common share. The January dividend is payable on January 31, 2017, record date is January 23, 2017 and ex dividend date is January 19, 2017. The February dividend is payable on February 28, 2017, record date is February 23, 2017 and ex dividend date is February 21, 2017. The March dividend is payable on March 31, 2017, record date is March 23, 2017 and ex dividend date is March 21, 2017.
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. Declares Monthly Distributions for the January, February and March 2017, Payable on January 31, 2017, February 28, 2017 and March 31, 2017, Respectively
ARES DYNAMIC CREDIT ALLOCATION FUND, INC. 
