ARES DYN.CR.ALL. DL-,001 Aktie

NEW YORK CITY, NY / ACCESSWIRE / November 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of November 2024 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: November 21, 2024Record Date: November 21, 2024Payable Date: November 29, 2024Per Share Amount: $0.1175 Based on the Fund's current share price of $15.10 (as of its close on November 8, 2024), the distribution represents an annualized distribution rate of approximately 9.34% (calculated by annualizing the distribution amount and dividing it by the current price).» Mehr auf accesswire.com

As a retired income investor, I focus on high-yield CEFs for reliable monthly distributions and potential capital gains from NAV discounts. Five CEFs to avoid currently: GOF, VVR, ARDC, WDI, IGR, due to high relative premiums or unfavorable market conditions. Recommended CEFs to buy/add: AOD, ASGI, JRI, MEGI, OPP, FSCO, offering high yields and potential for capital gains with favorable market conditions.» Mehr auf seekingalpha.com

Ares Dynamic Credit Allocation Fund (ARDC) has continued to see strong performance, but it continues to be helped out by pushing further into a richer valuation. ARDC's dynamic investment approach makes it somewhat unique and the fund also offers a strong distribution yield of 9.2%, which is well covered for now. ARDC's current premium valuation suggests modest future returns and is one of the fund's main risks if the valuation reverts to a discount going forward.» Mehr auf seekingalpha.com