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

Ares Dynamic Credit Allocation Fund offers a 9.2% dividend yield but carries high risk due to its heavy exposure to below investment grade debt and distribution volatility. The fund's performance is highly dependent on interest rate movements, with potential benefits from rate cuts but significant risks if rates remain high. ARDC's use of leverage amplifies both potential returns and risks, particularly in a high-interest-rate environment.» Mehr auf seekingalpha.com

NEW YORK, NY / ACCESSWIRE / January 10, 2025 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of January 2025 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: January 21, 2025Record Date: January 21, 2025Payable Date: January 31, 2025Per Share Amount: $0.1175 Based on the Fund's current share price of $15.25 (as of its close on January 9, 2025), the distribution represents an annualized distribution rate of approximately 9.25% (calculated by annualizing the distribution amount and dividing it by the current price).» Mehr auf accesswire.com

The Ares Dynamic Credit Allocation Fund has delivered a 26.40% total return over the past three years, outperforming domestic investment-grade and junk bonds. The fund's 9.25% yield is attractive compared to domestic bond indices but lower than many peer closed-end funds due to recent share price performance. The fund's high allocation to floating-rate securities could be detrimental if the Federal Reserve continues to reduce interest rates, impacting its income.» Mehr auf seekingalpha.com