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Ares Capital Corporation (ARCC)

BDC - Debt Focused BDC

Data as of March 18, 2024
Current
Market Price $20.05 (- $0.14)
NAV (Dec. 31, 2023) $19.24 ( $0.00)
Fund Listed NASDAQ
Premium / Discount 4.21% (-0.73%)
Fund Info
Inception Oct. 5, 2004
Sponsor Ares Capital Management
Website www.arescapitalcorp.com/
Phone (888) 818-5298
Location New York
Incorporated Maryland
Staggered Board Yes
Term Date N/A
Objective: Current income and capital appreciation; debt and equity investments
Related Indexes
15 Major CEF Sectors Index
Debt-Focused Business Development Company (BDC) Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Premium CEF/BDC Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 582,311,109
Total Assets (Reported: Dec. 31, 2023) $23,800M
Estimated Total Assets $22,377M
Net Assets $11,204M
Market Cap $11,675M
Portfolio Turnover 26.00%
Debt-to-Equity 1.0610
Total Leverage 49.93%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 13.95%
Non Lev Exp Ratio 7.90%
Gross Asset Expense Ratio 6.08%
Gross Asset Non Lev Exp Ratio 3.45%
Rel Lev Cost 5.28%
Discount Data
Average Discount (3 Yr) 5.76%
Discount Low(3 Yr) -10.47%
Discount High(3 Yr) 19.09%
Discount Rel Range (3 Yr) 49.66%
Comp Discount 8.37
Discount St Dev (1Yr) 2.87
Z-Stat
Z-Stat (6mo) 0.15
Z-Stat (1Yr) 0.51
Z-Stat (3Yr) -0.28
Comp Z-Stat (6mo) -0.08
Comp Z-Stat (3Yr) -0.43
Distribution Data
Market Yield 9.58%
Income Yield 9.58%
Lev Adj NAV Yield 6.66%
Av Yield on Debt Investments 12.50
Distribution Frequency Q
Current Distribution $0.480
Current Income $0.480
Ex-Date 3/14/24
Payable Date 3/29/24
Div Growth (3yr) 20.00%
Dividend Change 11.6% on 10/25/22
Expected Div 4/23/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2023 2021 - 2023
Income 99.8% 98.6%
ST Gains 0% 0%
QDI 1.5% 2.5%
LT Gains 0.2% 1.4%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $76,007
Avg Volume 30 day 3,972,608
Avg Volume 90 day 3,790,893
Volume Trend 4.79%
Comp Volume Trend -2.33%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
44.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
69.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
85.0%
Most Correlated Peer (Mk Pr): OBDC 83.0%
Price St Dev (1Yr) 15.1%
NAV St Dev (1Yr) 2.7%
Earnings
Earnings / Share (12/31/23) $0.593
Adj Core NII Coverage 128.15%
1 Yr Avg NII Coverage 117.08%
1 Yr Avg Adj Core NII Coverage 122.91%
NII Trend -4.06%
Adj Core NII Trend 3.82%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.78
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.84
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.90
Portfolio Data
Avg Libor Floor % 1.00%
% Loans with Libor Floor 74%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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