ARDC News and Press, Ares Dynamic Credit Allocation Fund Inc. From 01/11/21

The new Administration's tax proposals, in year one, total some $3.9 trillion, according to Moody's Analytics estimates. Yields on munis sank to 1.14%, which is their lowest since 1979. Also, the municipal bond spread to Treasuries is near historic lows. Yields have gone up somewh...

Corporate America has used the past few months to strengthen balance sheets and position itself to "ride out the storm" of the next 6-12 months or more. I feel more confident about CLOs and the underlying corporate loan market that supports it. Trends in corporate default rates, t...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top ranked funds are DSL, PGZ and KIO. For further details see: The Chemist's Quality Closed-End Fund Report: December 2020

2020 year-end review of our 8% Income Portfolio. This high-income portfolio has been through a pretty rough patch in the year 2020, but it's mostly back on its feet. The portfolio has been meeting its income goals handily but has not kept up in total returns this past year. We...

With the exception of broadly defined commodities and US and foreign property shares, global markets posted solid gains last year. US stocks were the top 2020 performers, with the Russell 3000 Index surging 20.9% last year. US REITs saw the deepest loss for the major asset classes...

Senior loan funds are showing some opportunities at some deep discounts. These funds should benefit from increasing interest rates, but that could be years before playing out. Be aware of certain other risks in these investments, as well as the other benefits they can provide. ...

Many investors like the concept of an annuity but hate the word "annuity" liking it to a four-letter word. The portfolio provides a monthly income stream that is better than what traditional annuities pay and yields about 8%. The investor can apply as little or as much maintenance...

ARDC: -13.84% discount makes this fund cheap compared to other CLO-containing funds and high-yield bond funds (Tactical Income). HYI: Over +1% annual alpha from unleveraged high-yield term fund, yields 7.48% with a -5.19% discount (Income Generator). ETG: A leveraged tech-heavy gl...

Tech stocks have easily beaten high yield stocks over the past few years. We expect the opposite to happen going forward. Invest in tech, but invest more in high yield. For further details see: Why High Yield Should Pummel Tech

Ares Dynamic Credit Allocation Fund (ARDC) had declared $0.0975/share monthly dividend, in line with previous.Payable Dec. 31; for shareholders of record Dec. 21; ex-div Dec. 18.See ARDC Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Ares Dynamic C...