Filing Details

Accession Number:
0001104659-13-075770
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-10-15 20:16:31
Reporting Period:
2013-10-10
Filing Date:
2013-10-15
Accepted Time:
2013-10-15 20:16:31
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1515324 Ares Dynamic Credit Allocation Fund Inc. ARDC () 454969053
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1259042 Ares Partners Management Co Llc 1999 Ave Of The Stars
Ste 1900
Los Angeles CA 90067
No No No Yes
1525554 Ares Investments Holdings Llc 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No No Yes
1525555 Ares Investments Llc 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No No Yes
1525559 Ares Capital Management Ii Llc 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-10-10 7,500 $18.04 49,686 No 4 P Direct
Common Stock Acquisiton 2013-10-11 7,500 $18.02 57,186 No 4 P Direct
Common Stock Acquisiton 2013-10-14 5,400 $18.01 62,586 No 4 P Direct
Common Stock Acquisiton 2013-10-15 7,500 $17.95 70,086 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
Footnotes
  1. This Form 4 is being filed jointly by (i) Ares Capital Management II LLC ("ACM"), (ii) Ares Partners Management Company LLC ("APMC"), (iii) Ares Investments Holdings LLC ("AIH") and (iv) Ares Investments LLC ("AI") (collectively, the "Ares Entities" or the "Reporting Persons"), in respect of 70,085.602 shares of common stock ("Common Stock") of Ares Dynamic Credit Allocation Fund, Inc. (the "Issuer") held directly by AIH.
  2. APMC is the ultimate parent company of ACM, which is the Issuer's investment adviser. AIH is controlled by AI, which, in turn, is controlled by APMC. APMC is managed by an executive committee comprised of Michael Arougheti, David Kaplan, Gregory Margolies, Antony Ressler and Bennett Rosenthal. Because the executive committee acts by consensus/majority approval, none of the members of the executive committee has sole voting or dispositive power with respect to any shares of Common Stock.
  3. Each of the members of the executive committee of APMC, the Ares Entities (other than AIH, with respect to the shares it holds directly) and the directors, officers, partners, stockholders, members and managers of the Ares Entities expressly disclaims beneficial ownership of any shares of Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.