Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC – Get Free Report) announced a monthly dividend on Friday, July 10th. Shareholders of record on Monday, July 20th will be given a dividend of 0.1125 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date is Monday, July 20th.
Ares Dynamic Credit Allocation Fund Trading Down 0.7%
Shares of NYSE:ARDC opened at $12.49 on Friday. Ares Dynamic Credit Allocation Fund has a twelve month low of $11.60 and a twelve month high of $15.03. The company has a 50-day moving average price of $12.67 and a two-hundred day moving average price of $12.76.
About Ares Dynamic Credit Allocation Fund
Ares Dynamic Credit Allocation Fund (NYSE: ARDC) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a diversified portfolio of credit instruments. Launched in mid-2019, the fund is sponsored and managed by Ares Management Corporation, a leading global alternative asset manager. ARDC’s investment objective centers on generating current income with an emphasis on preserving capital, drawing on Ares’s extensive experience in the credit markets.
The fund deploys capital across a broad spectrum of corporate credit opportunities, including senior secured loans, high-yield bonds, subordinated debt and direct lending to middle-market companies.
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