ARDC Research | Milton Maxwell

ARDC

Ares Dynamic Credit Allocation Fund, Inc.

13.34

-0.01-0.07%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

318.46M

P/E (TTM)

10.67

Basic EPS (TTM)

1.25

Dividend Yield

Recent Filings

8-K

ARDC hikes CLO limits

5/11/20May 11, 2020

Ares Dynamic Credit Allocation Fund amended its investment policy on May 11, 2020, raising CLO and asset-backed securities limit to 45% of Managed Assets from 40%, and subordinated CLO tranches to 15% from 10%, effective in 60 days. Advised amid COVID-19 disruptions, this boosts flexibility for select opportunities. Risks rise sharply. CLOs amplify losses.

8-K

Portfolio manager resigns; team refreshed

9/27/18Sep 27, 2018

Ares Dynamic Credit Allocation Fund replaced Vice President and Portfolio Manager John A. Leupp, effective September 25, 2018, with Charles Arduini and Samantha Milner as Vice Presidents and Portfolio Managers, plus Jason Duko and Kapil Singh as Vice Presidents. New appointees hail from Ares Credit Group, with Duko and Singh joining in 2018 from PIMCO and DoubleLine. Leadership refreshed seamlessly. Fund also amended bylaws.

8-K

ARDC hikes CLO investment caps

3/26/18Mar 26, 2018

Ares Dynamic Credit Allocation Fund amended its investment policy on March 23, 2018, raising the cap on CLOs and other asset-backed securities to 40% of Managed Assets from 30%, and subordinated CLO tranches to 10% from 7.5%. This boosts flexibility in credit allocations. Limits bind under normal conditions.

8-K

CFO swap effective July 1

7/3/17Jul 3, 2017

Ares Dynamic Credit Allocation Fund swapped CFOs effective July 1, 2017: Scott Lem, Ares Managing Director and Credit Chief Accounting Officer since 2003, steps in for Penni F. Roll. Roll shifts to Treasurer, swapping roles with Lem; she's Ares Credit Group CFO since 2010 after leading Allied Capital. Internal shuffle streamlines finance leadership.

8-K

Reiss resigns; Hunt appointed

11/2/16Nov 2, 2016

Ares Dynamic Credit Allocation Fund saw M. Freddie Reiss resign from its board effective November 1, 2016, citing potential conflicts from his other financial services roles. James K. Hunt, with deep high-yield debt expertise from Kayne Anderson and THL Credit, stepped in as audit committee chair and nominating committee member. Smooth fiscal year transition. No operational disruptions disclosed.

About

Ares Dynamic Credit Allocation Fund, Inc. is a closed-ended fixed income fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It primarily invests in the U.S. securities and companies. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, equity securities of CLOs and debt securities issued by CLOs, and other fixed-income instruments. It focuses on such factors as the overall macroeconomic environment, financial markets, and company specific research and analysis, to create its portfolio. Ares Dynamic Credit Allocation Fund, Inc. was formed on November 27, 2012 and is domiciled in the United States..

CEO

Mr. Seth J. Brufsky

IPO

11/28/2012

Website

https://www.arespublicfunds.com/funds/ardc/overview/

Sector

Financial Services

Industry

Asset Management