Ares Dynamic Credit Allocation Fund Declares Monthly Distribution of $0.117 Per Share

NEW YORK--(BUSINESS WIRE)--Ares Dynamic Credit Allocation Fund (NYSE: ARDC) announced the declaration of the monthly distribution of the Fund for the period ending March 31, 2013 of $0.117 per common share, payable as noted below. Based on the Fund’s initial public offering price of $20.00 per share, the distribution represents an annualized yield of 7.02% (calculated by annualizing the distribution amount and dividing it by the IPO share price). Information regarding yield is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured.

Ex-Date: March 18, 2013
Record Date: March 21, 2013
Payable Date: March 29, 2013
Per Share Amount: $0.117

About Ares Dynamic Credit Allocation Fund

Ares Dynamic Credit Allocation Fund is a non-diversified, closed-end management company that is externally managed by an affiliate of Ares Management LLC, a global alternative asset manager with approximately $59 billion in committed capital under management as of December 31, 2012. Ares Dynamic Credit Allocation Fund seeks to provide an attractive level of total return primarily through current income and, secondarily, through capital appreciation, by investing in a broad, dynamically-managed portfolio of credit investments.

Forward-Looking Statements

Statements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Ares Dynamic Credit Allocation Fund undertakes no duty to update any forward-looking statements made herein.