Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Form 424B3 — Jun 11, 2026
Ares Dynamic Credit Allocation Fund, Inc. announced a private placement of $50 million in mandatory redeemable preferred shares. The offering consists of 800,000 Series D and 1,200,000 Series E shares, each with a $25.00 liquidation preference. The transaction will close in two stages, with the Series D shares expected to close on July 14, 2026, and the Series E shares on September 14, 2026.
Key figures
- Gross Proceeds
- 50000000
- Offering Price
- 25
- Shares Offered
- 2000000
- Series DShares
- 800000
- Series EShares
- 1200000
- First Closing Date
- 2026-07-14
- Second Closing Date
- 2026-09-14
- Liquidation Preference
- 25
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