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ARDC - ARDC: An Attractive Entry Point For This 8.5% Yielding Outperformer
Ares Dynamic Credit Allocation Fund Inc.
We revisit the cross-credit fund ARDC - a consistent outperformer in the fixed-income CEF space.
The fund continues to grow its income level and boasts distribution coverage well north of 100%.
Its recent shift to a low-coupon preferred has made its leverage profile more resilient and should allow it to benefit from further rises in short-term rates.
We continue to hold ARDC in our High Income Portfolio.