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Filing Details

Accession Number:: 0001104659-19-054735
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-10-17 19:13:54
Reporting Period:: 2019-10-15

Accepted Time:: 2019-10-17 19:13:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1515324	Ares Dynamic Credit Allocation Fund Inc.	ARDC	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1259313	Ares Management Llc	2000 Avenue Of The Stars, 12Th Floor 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
1620263	Ares Partners Holdco Llc	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	No	No	No	Yes

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2019-10-15	8,221	$14.78	59	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

This Form 4 is being filed jointly by (i) Ares Management LLC ("AM LLC"), (ii) Ares Capital Management II LLC ("ACM"), (iii) Ares Partners Holdco LLC ("Ares Partners"), (iv) Ares Investments Holdings LLC ("AIH") and (v) Ares Investments L.P. ("AI") (collectively, the "Reporting Persons"), in respect of 8,221 shares of common stock ("Common Stock") of Ares Dynamic Credit Allocation Fund, Inc. (the "Issuer") sold by AM LLC.
AIH initially acquired 4,200 shares of common stock of Ares Multi-Strategy Credit Fund, Inc. ("ARMF") on October 28, 2013 in connection with ARMF's initial public offering. AIH's shares of ARMF's common stock then increased in connection with ARMF's dividend reinvestment plan ("DRIP"). In August 2015, ARMF merged into the Issuer and all of AIH's 4,826.33 shares of ARMF's common stock were exchanged for a total of 5,856.75 shares of the Issuer's Common Stock. AIH's shares of Common Stock then increased in connection with the Issuer's DRIP. AIH transferred 8,221 shares of Common Stock to AM LLC in a transaction that effected only a change in the form of beneficial interest without changing the Reporting Persons' pecuniary interest in the Common Stock.
AM LLC is the parent company of ACM. AIH is controlled by AI. Each of AM LLC and AI is indirectly controlled by Ares Management Corporation ("Ares Management" and together with the Reporting Persons, the "Ares Entities"). Pursuant to Ares Management's Certificate of Incorporation, the holders of Ares Management's Class B common stock, $0.01 par value per share and Class C common stock, $0.01 par value per share, collectively, will generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. The Class B and Class C common stock are indirectly controlled by Ares Partners. Ares Partners is managed by a board of managers, which is composed of Michael Arougheti, Ryan Berry, R. Kipp deVeer, David Kaplan, Michael McFerran, Antony Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over decisions of the Board Members. (Continued in Footnote 4)
Each of the Ares Entities (other than AM LLC and AIH with respect to the shares held directly by it), the Board Members and the other directors, officers, partners, stockholders, members and managers of the Ares Entities expressly disclaims beneficial ownership of the shares of these securities, 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, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes. The address of each Ares Entity is 2000 Avenue of the Stars, 12th Floor, Los Angeles, California 90067.