Ares Dynamic Credit Allocation Fund, Inc. (ARDC)

USD 15.09

(-1.11%)

Market Cap (In USD)

345.78 Million

Revenue (In USD)

59.7 Million

Net Income (In USD)

56.35 Million

Avg. Volume

98.34 Thousand

Currency
USD
Country
Financial Services
Open
-
Prev. Close
-
Day Range
-
Year Range
13.24-15.62
PE
-
EPS
-
Beta Value
0.7075645
ISIN
US04014F1021
CUSIP
04014F102
CIK
1515324
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Financial Services
Industry
Asset Management
CEO
Mr. Seth J. Brufsky
Employee Count
-
Website
https://www.arespublicfunds.com/funds/ardc/overview/
Ipo Date
2012-11-28
Details
Ares Dynamic Credit Allocation Fund, Inc. is a closed-ended fixed income mutual fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It invests in the fixed income markets of Europe. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, debt securities issued by CLOs, and other fixed-income instruments. It focuses on such factors as the overall macroeconomic environment, financial markets, and company specific research and analysis, to create its portfolio. Ares Dynamic Credit Allocation Fund, Inc. was formed on November 27, 2012 and is domiciled in the United States.

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