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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1515324	Ares Dynamic Credit Allocation Fund Inc.	ARDC	()	454969053

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1025978	P Antony Ressler	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067		No	No	No	Yes

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2014-04-16	9,350	$18.07	31,577	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	49,732	Indirect	By TJ Capital Investors LLC
Common Stock	103,864	Indirect	As Trustee of the Ressler/ Gertz Family Foundation
Common Stock	4,466	Indirect	As custodian for child's UTMA account
Common Stock	4,466	Indirect	As custodian for child's UTMA account

Footnotes

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.06 to $18.10, inclusive. The Reporting Person undertakes to provide to Ares Dynamic Credit Allocation Fund, Inc., any security holder of Ares Dynamic Credit Allocation Fund, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4.
Includes 826.93 shares acquired under the Dividend Reinvestment Plan of Ares Dynamic Credit Allocation Fund, Inc. (the "Issuer").
Of these shares, 4,570.02 shares are held by Antony P. Ressler's IRA and 27,006.91 shares are held by Antony P. Ressler in a joint account.
These shares were acquired as a result of pro rata in kind distributions made by Ares Investments Holdings LLC, Ares Investments LLC and Ares Partners Management Company LLC to their respective members for no additional consideration.
Includes 3,864.17 shares acquired under the Dividend Reinvestment Plan of the Issuer.
Includes 116.16 shares acquired under the Dividend Reinvestment Plan of the Issuer.
Includes 116.16 shares acquired under the Dividend Reinvestment Plan of the Issuer.