ARDC: A Higher-Yield Credit Fund With Tailwinds [Seeking Alpha]
Ares Dynamic Credit Allocation Fund, Inc. Common Shares (ARDC)
US:NYSE Investor Relations:
arespublicfunds.com
Company Research
Source: Seeking Alpha
Summary ARDC features sector-beating yield, coverage and historic returns. The fund's 23% allocation to junior CLO debt is a sweet spot in our view between straight loans and CLO equity in the current market environment. Two tailwinds of the fund are the high and growing coverage which may result in a distribution increase. Relatively compressed discount valuation and above-average fee prevent the fund from achieving our highest rating. Junior CLO debt is not an asset class that gets a lot of attention in the current environment of strong capital gains on equity investments and eye-popping yields on CLO equity. However, this part of the credit market deserves a careful look given its more attractive risk/reward in our view. In this article we discuss the Ares Dynamic Credit Allocation Fund ( We like ARDC for its sector-beating historic returns, strong earnings and growing distribution coverage as well as a share repurchase program which provides another potential source of NAV gains.
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ARDC
News
- ARDC And XFLT: Providing ~10% Income For Investors [Seeking Alpha]Seeking Alpha
- Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.Accesswire
- Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 Per ShareAccesswire
- Month-End Portfolio Data Now Available For Ares Dynamic Credit Allocation Fund, Inc.Accesswire
- Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 Per ShareAccesswire
ARDC
Sec Filings
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- 3/15/24 - Form N-CEN
- ARDC's page on the SEC website