Month-End Portfolio Data Now Available for Ares Management’s Closed-End Funds
January 23 2015 - 8:00AM
Business Wire
Ares Capital Management II LLC today announced that monthly fund
composition and performance data for Ares Dynamic Credit Allocation
Fund, Inc. (NYSE:ARDC) and Ares Multi-Strategy Credit Fund,
Inc. (NYSE:ARMF) as of December 31, 2014, are now available
via www.arespublicfunds.com.
About Ares Dynamic Credit Allocation Fund, Inc.
Ares Dynamic Credit Allocation Fund is a non-diversified,
closed-end management company that is externally managed by Ares
Capital Management II LLC, a subsidiary of Ares Management, L.P.
(NYSE: ARES), a leading global alternative asset manager with
approximately $80 billion in assets under management as of
September 30, 20141. Ares Dynamic Credit Allocation Fund seeks to
provide an attractive level of total return primarily through
current income and, secondarily, through capital appreciation. The
Fund invests in a broad, dynamically-managed portfolio of credit
investments. There can be no assurance that the Fund will achieve
its investment objective. The Fund’s net asset value may be
accessed through its NASDAQ ticker symbol, XADCX. Additional
information is available at www.arespublicfunds.com.
About Ares Multi-Strategy Credit Fund, Inc.
Ares Multi-Strategy Credit Fund is a non-diversified, closed-end
management company that is externally managed by Ares Capital
Management II LLC, a subsidiary of Ares Management, L.P. (NYSE:
ARES), a leading global alternative asset manager with
approximately $80 billion in assets under management as of
September 30, 2014i. Ares Multi-Strategy Credit Fund seeks to
provide an attractive risk-adjusted level of total return,
primarily through current income and, secondarily, through capital
appreciation, by investing primarily in a broad, dynamically
managed portfolio of below investment grade senior secured loans,
high yield corporate bonds, other similar fixed-income instruments,
including derivatives, collateralized loan obligations, and other
asset backed securities. There can be no assurance that the Fund
will achieve its investment objective. The Fund’s net asset value
may be accessed through its NASDAQ ticker symbol, XAMFX. Additional
information is available at www.arespublicfunds.com.
This document is not an offer to sell securities and is not
soliciting an offer to buy securities in any jurisdiction where the
offer or sale is not permitted. An investor should consider the
Fund’s investment objective, risks, charges and expenses carefully
before investing.
Ares Dynamic Credit Allocation Fund, Inc. and Ares
Multi-Strategy Credit Fund, Inc. are closed-end funds, which do not
engage in continuous offerings of their shares. Since their
respective initial public offerings, the funds have traded on the
New York Stock Exchange under the symbols ARDC and
ARMF. Investors wishing to purchase or sell shares may do so
by placing orders through a broker dealer or other
intermediary.
1 Ares Management, L.P. is the parent to several registered
investment advisers, including Ares Management LLC (collectively,
“Ares”). AUM refers to the assets of the funds, alternative asset
companies and other entities and accounts that are managed or
co-managed by Ares, including funds managed by Ivy Hill Asset
Management, L.P., a wholly owned portfolio company of Ares Capital
Corporation, and a registered investment adviser. Amounts include
drawn and undrawn commitments, including certain amounts that are
subject to regulatory leverage restrictions and/or borrowing base
restrictions. AUM amounts are as of September 30, 2014 and
differences may arise due to rounding.
Mendel Communications LLCBill Mendel,
212-397-1030bill@mendelcommunications.comorDestra Capital
Investments877-855-3434ARDC@destracapital.comwww.arespublicfunds.com
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