DIVIDEND ANNOUNCEMENT: Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) on 07/10/2020 declared a dividend of $0.0975 per share

Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) on 07/10/2020 declared a dividend of $ 0.0975 per share payable on July 31, 2020 to shareholders of record as of July 21, 2020.

Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) has paid dividends since 2013, has a current dividend yield of 9.7095432281% and has increased its dividends for 0 successive years.

The stock price closed yesterday at $ 12.05 and has a 52 week low/high of $ 8.10 and $ 15.91.

Ares Dynamic Credit Allocation Fund is registered as a closed-end management investment company. The Fund's investment objective is to seek a risk adjusted level of total return, through current income and, secondarily, through capital appreciation. The Fund invests in primarily in a portfolio of senior secured loans made to companies whose debt is rated below investment grade, 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 and other asset-backed securities.

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