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Ares Capital Corporation (ARCC)

BDC - Debt Focused BDC

Data as of June 2, 2023
Market Price $19.09 (+ $0.07)
NAV (March 31, 2023) $18.45 ( $0.00)
Fund Listed NASDAQ
Premium / Discount 3.47% (+0.38%)
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
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
Alternative Income Index
Capital & Leverage
Outstanding Shares 544,581,080
Total Assets (Reported: March 31, 2023) $21,812M
Estimated Total Assets $20,582M
Net Assets $10,048M
Market Cap $10,396M
Portfolio Turnover 21.00%
Debt-to-Equity 1.1110
Total Leverage 51.18%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 12.24%
Non Lev Exp Ratio 6.57%
Gross Asset Expense Ratio 5.50%
Gross Asset Non Lev Exp Ratio 2.95%
Rel Lev Cost 4.98%
Discount Data
Average Discount (3 Yr) 3.65%
Discount Low(3 Yr) -16.17%
Discount High(3 Yr) 19.09%
Discount Rel Range (3 Yr) 55.70%
Comp Discount 15.38
Discount St Dev (1Yr) 4.49
Z-Stat (6mo) 0.58
Z-Stat (1Yr) 0.47
Z-Stat (3Yr) -0.02
Comp Z-Stat (6mo) 0.80
Comp Z-Stat (3Yr) 0.28
Distribution Data
Market Yield 10.06%
Income Yield 8.51%
Lev Adj NAV Yield 6.88%
Av Yield on Debt Investments 12.20
Distribution Frequency Q
Current Distribution $0.480
Current Income $0.406
Ex-Date 6/14/23
Payable Date 6/30/23
Div Growth (3yr) 20.00%
Dividend Change 11.6% on 10/25/22
Expected Div 7/28/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 96.1% 98.7%
ST Gains 0% 0%
QDI 3.1% 2.3%
LT Gains 3.9% 1.3%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $61,564
Avg Volume 30 day 2,257,350
Avg Volume 90 day 3,224,959
Volume Trend -30.00%
Comp Volume Trend -18.80%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): TSLX 88.0%
Price St Dev (1Yr) 25.1%
NAV St Dev (1Yr) 2.0%
Earnings / Share (3/31/23) $0.583
Adj Core NII Coverage 120.03%
1 Yr Avg NII Coverage 125.07%
1 Yr Avg Adj Core NII Coverage 118.19%
NII Trend 15.75%
Adj Core NII Trend 21.02%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % 1.00%
% Loans with Libor Floor 73%


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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.

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