Ares Dynamic Credit Allocation Fund Increases Monthly Distribution for January 2023, Payable on January 31, 2023
January 10, 2023 at 04:15 pm EST
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Ares Dynamic Credit Allocation Fund, Inc. announced that it has increased its monthly distribution for January 2023 to $0.1075 per common share from $0.1025 in December 2022. The following dates apply to the declared distribution: Ex-Date is January 19, 2023; Record date is January 20, 2023; and Payable date is January 31, 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. 
