Ares Dynamic Credit Allocation Fund, Inc. Announces Monthly Distributions, Payable on January 31, 2018, February 28, 2018 and March 30, 2018
January 11, 2018 at 08:00 am EST
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Ares Dynamic Credit Allocation Fund, Inc. announced the declaration of monthly distributions for the next three months of $0.1075 per common share. The distributions will be payable on January 31, 2018, February 28, 2018 and March 30, 2018 respectively with the record date of January 22, 2018, February 22, 2018 and March 22, 2018 respectively. Ex-dates are January 18, 2018, February 20, 2018 and March 20, 2018 respectively.
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. 
