ARDC News and Press, Ares Dynamic Credit Allocation Fund Inc. From 08/28/22

Summary With the backing and experience of Ares Credit, ARDC can leverage higher credit spreads in senior loans and CLOs to easily cover the 9% distribution. The monthly dividend was just raised by 5% and the discount to NAV has widened to -8% offering a unique buying opportunity....

Summary Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, WIW, and DHF. Author’s note: This article was released to CEF/ETF Income Laboratory members on August 19th, 2022. Pleas...

Summary Risk assets continue to rebound with investors focusing on the potential of a Fed pivot given slower growth and inflation. We think we will shift from a stagflationary economic regime to a deflationary bust one. That means adding duration and quality. What are the best...

Summary 20 out of 23 CEF sectors positive on price and 16 out of 23 sectors positive on NAV last week. OPP rights offering announced. Aberdeen (now "abrdn") and Delaware CEFs are merging, subject to shareholder approval. Author's note: This article was released to CEF/...

"Managed distributions" are what some closed-end funds use to maintain a consistent dividend payout even when the underlying earnings supporting it may be choppy. They are especially popular among equity funds, whose dividend income is puny and who therefore rely mostly on capital gai...

Stocks rallied hard again this week with the S&P 500 up another 3.26% and now up 12.08% over the last month. The YTD losses are down to single digits. It does appear that there has been a significant amount of short covering during this rally. That has been especially the case as ...

We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs had another strong week as the recovery in income assets accelerated. We discuss the yield pick-up in CEFs versus open-end funds using HY Munis as a case study...

Ares Dynamic Credit Allocation Fund ( NYSE: ARDC ) declares $0.1025/share monthly dividend , 5.7% increase from prior dividend of $0.0970. Forward yield 9.35% Payable Aug. 31; for shareholders of record Aug. 22; ex-div Aug. 19. See ARDC Dividend Scorecard...

Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced today that it has increased its monthly distribution for August 2022 to $0.1025 per common share from $0.0975 in July 2022, payable as noted below. The following dates apply to the declared d...

July income beats July 2021 by 48% and April Q2 by 45.1% because of the Kenon special dividend. Portfolio value YTD is up 3.07% and is outperforming SPY by 15.71%, which is down 12.64%. Dividend yield is 5.17% with 25 companies paying 2 specials and included 1 raise; all are liste...