Ares Dynamic Credit Allocation Fund, Inc. Appoints Paula B. Pretlow to its Board of Directors as an Independent Director and Member of the Audit Committee
February 22, 2021 at 04:15 pm EST
Share
Ares Dynamic Credit Allocation Fund, Inc. announced the appointment of Paula B. Pretlow to its Board of Directors as an independent director and a member of the audit committee. Ms. Pretlow’s appointment became effective February 16, 2021. Ms. Pretlow brings more than three decades of finance, investment management and business development leadership experience to the ARDC Board. Previously, Ms. Pretlow was a Senior Vice President at The Capital Group for 12 years, where she led the public fund business development and client relationship group. Her investment industry experience also includes senior roles at BlackRock and AXA Rosenberg as well as fixed income sales at Credit Suisse.
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. Appoints Paula B. Pretlow to its Board of Directors as an Independent Director and Member of the Audit Committee
ARES DYNAMIC CREDIT ALLOCATION FUND, INC. 
