Focus of Article:
The focus of PART 1 of this article is to analyze Ares Capital Corp.’s (ARCC) recent results and compare several of the company’s metrics to fourteen business development company (“BDC”) peers. This analysis will show past and current data with supporting documentation within two tables. Table 1 will compare ARCC’s recent net asset value (“NAV”), economic return, net investment income (“NII”), stock price to annualized NII ratio, and percentage of total investment income attributable to capitalized payment-in-kind (“PIK”) income to the fourteen BDC peers. Table 1 will also provide a