Ares Capital Management II LLC today announced that monthly fund
composition and performance data for Ares Dynamic Credit Allocation Fund (NYSE:ARDC)
and Ares Multi-Strategy Credit Fund (NYSE:ARMF) as of May 31,
2014, are now available via www.arespublicfunds.com.
About Ares Dynamic Credit Allocation Fund
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 $77 billion in
assets under management as of March 31, 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
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 $77 billion in
assets under management as of March 31, 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 and Ares Multi-Strategy Credit Fund
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. (“Ares”) is the parent to several
registered investment advisers, including Ares Capital Management II
LLC. AUM refers to the assets of the funds, alternative asset companies
and other entities and accounts that are managed or co‐managed by Ares.
It also includes funds managed by Ivy Hill Asset Management, L.P., a
wholly owned portfolio company of Ares Capital Corporation, and a
registered investment adviser. It includes drawn and undrawn amounts,
including certain amounts that are subject to regulatory leverage
restrictions and/or borrowing base restrictions. AUM amounts are as of
March 31, 2014 and differences may arise due to rounding.
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