Effective July 1, 2017, Scott Lem has been appointed Chief Financial Officer of Ares Dynamic Credit Allocation Fund, Inc. replacing Penni F. Roll. Also effective July 1, 2017, Ms. Roll has been appointed Treasurer of ARDC, replacing Mr. Lem. Ms. Roll is a Partner and the Chief Financial Officer of the Ares Credit Group.

Prior to joining Ares, she served as Chief Financial Officer of Allied Capital Corporation from 1998 until April 2010.