<SEC-DOCUMENT>0001047469-18-003516.txt : 20180507
<SEC-HEADER>0001047469-18-003516.hdr.sgml : 20180507
<ACCEPTANCE-DATETIME>20180507090410
ACCESSION NUMBER:		0001047469-18-003516
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20180507
DATE AS OF CHANGE:		20180507
EFFECTIVENESS DATE:		20180507

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CAPITAL CORP
		CENTRAL INDEX KEY:			0001287750
		IRS NUMBER:				331089684
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00663
		FILM NUMBER:		18809817

	BUSINESS ADDRESS:	
		STREET 1:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		2127507300

	MAIL ADDRESS:	
		STREET 1:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>a2235615zdefa14a.htm
<DESCRIPTION>DEFA14A
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#18ZBN44801_1">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT> <FONT SIZE=2><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B> SCHEDULE 14A</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>Proxy
Statement Pursuant to Section&nbsp;14(a) of<BR>
the Securities Exchange Act of 1934 (Amendment No.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;) </FONT></P>
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="17pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><FONT SIZE=2> Filed by the Registrant <FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><BR><FONT SIZE=2>Filed by a Party other than the Registrant <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><FONT SIZE=2><BR>
Check the appropriate box:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>Preliminary Proxy Statement</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2><B> Confidential, for Use of the Commission Only (as permitted by Rule&nbsp;14a-6(e)(2))</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>Definitive Proxy Statement</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>Definitive Additional Materials</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>Soliciting Material under &sect;240.14a-12<BR></FONT>
</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;<BR></FONT></P>
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="17pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="20pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD COLSPAN=5 ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> ARES CAPITAL CORPORATION</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>


<HR NOSHADE SIZE="1.0pt" WIDTH="100%" COLOR="#000000">

</FONT> <FONT SIZE=2> (Name of Registrant as Specified In Its Charter)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>


<HR NOSHADE SIZE="1.0pt" WIDTH="100%" COLOR="#000000">

</FONT> <FONT SIZE=2> (Name of Person(s) Filing Proxy Statement, if other than the Registrant)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5 style="font-family:times;"><FONT SIZE=2><BR>
Payment of Filing Fee (Check the appropriate box):</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3 style="font-family:times;"><BR><FONT SIZE=2>No fee required.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3 style="font-family:times;"><BR><FONT SIZE=2>Fee computed on table below per Exchange Act Rules&nbsp;14a-6(i)(1) and 0-11.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(1)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Title of each class of securities to which transaction applies:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(2)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Aggregate number of securities to which transaction applies:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(3)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule&nbsp;0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Proposed maximum aggregate value of transaction:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(5)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Total fee paid:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3 style="font-family:times;"><BR><FONT SIZE=2>Fee paid previously with preliminary materials.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><BR><FONT SIZE=2> <FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3 style="font-family:times;"><BR><FONT SIZE=2>Check box if any part of the fee is offset as provided by Exchange Act Rule&nbsp;0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>(1)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><BR><FONT SIZE=2>Amount Previously Paid:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(2)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Form, Schedule or Registration Statement No.:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(3)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Filing Party:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=2>Date Filed:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2235615",CP="ARES CAPITAL CORP",DN="1",CHK=456132,FOLIO='blank',FILE='DISK129:[18ZBN1.18ZBN44801]BA44801A.;3',USER='CHE105948',CD=';6-MAY-2018;19:40' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>
<IMG SRC="g448142.jpg" ALT="LOGO" WIDTH="193" HEIGHT="69">
  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bc44801_ares_capital_corporation_245_p__are02247"> </A>
<A NAME="toc_bc44801_1"> </A>
<BR></FONT><FONT SIZE=4><B>Ares Capital Corporation</B></FONT><FONT SIZE=2><B><BR>  245 Park Avenue, 44<SUP>th</SUP>&nbsp;Floor<BR>  New York, NY 10167    <BR>    </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><I>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" >


 </I></FONT><FONT SIZE=2>


<!-- COMMAND=ADDING_LINEBREAK -->

<BR></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Commencing on May&nbsp;7, 2018, Ares Capital Corporation made the following communications to certain of its stockholders.</I></FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>

<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


May&nbsp;7, 2018  </B></FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Re: Supplemental Information Related to Proposal 1 (Election of Directors)  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Institutional Shareholder Services ("ISS") has issued voting recommendations that are inconsistent with the recommendations of our Board of
Directors on the election of Steve Bartlett, Robert L. Rosen and Bennett Rosenthal as our Class&nbsp;II directors. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
urge you, for the reasons set forth below, to support the recommendations of our Board of Directors. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
are aware that ISS has adopted a policy of recommending "Against" votes for certain directors of public companies that have governing documents that provide the company's board of
directors with the exclusive power to amend the company's bylaws. However, as described in further detail below, we believe that it is in the best interests of the Company and our stockholders if the
power to amend our bylaws is vested exclusively in our Board of Directors as is permitted by Maryland law. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bc44801_we_urge_you_to_support_the_rec__we_04431"> </A>
<A NAME="toc_bc44801_2"> </A>
<BR></FONT><FONT SIZE=2><B>  WE URGE YOU TO SUPPORT THE RECOMMENDATIONS OF OUR BOARD OF DIRECTORS AND VOTE "FOR" EACH NOMINEE FOR DIRECTOR.    <BR>    </B></FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Proposal 1 (Election of Directors)  </I></B></FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


We urge you to support and vote FOR the election of Messrs.&nbsp;Bartlett, Rosen and Rosenthal as
directors of the Company:</I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
are aware that ISS has adopted a policy of recommending "Against" votes for certain directors of public companies that have governing documents that provide the
board with the exclusive power to amend the company's bylaws. As we undertook to our stockholders last year, as part of our corporate governance review in 2017, our Board of Directors considered
whether or not we should amend our bylaws to allow our stockholders (without the concurrence of our Board of Directors) to adopt amendments to the Company's bylaws. After careful consideration of this
matter, our Board of Directors believes that it remains in the best interests of the Company and our stockholders if the power to amend our bylaws is vested exclusively in our Board of Directors as is
permitted by Maryland law. Since our initial public offering in 2004, the power to amend our bylaws has been vested exclusively with our Board of Directors. This arrangement has served the interests
of the Company and our stockholders well, we believe, because under Maryland law, our directors owe legal duties to the Company and our stockholders that require them to act with a reasonable belief
that their actions are in the best interests of the Company and our stockholders. On the other hand, under Maryland law, stockholders are not bound by any such legal duty and are permitted to take or
to recommend actions that are in their own individual interests as stockholders without taking into account the broader interests of other stockholders or the interests of the Company. In addition, we
have not received from our stockholders any objection to our corporate governance policies, including the procedures for amending our bylaws. As a result of these factors, we believe that our Board of
Directors is in the best position to consider possible future bylaw amendments and will adopt such amendments only after concluding that such amendments are in the best interests of the Company and
our stockholders. </FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=2,EFW="2235615",CP="ARES CAPITAL CORP",DN="1",CHK=806467,FOLIO='blank',FILE='DISK129:[18ZBN1.18ZBN44801]BC44801A.;9',USER='CHE105948',CD=';6-MAY-2018;19:40' -->

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Nominating and Governance Committee of our Board of Directors and our Board of Directors have determined that the nomination and election of Messrs. Bartlett, Rosen and Rosenthal are
in the best interests of the Company and our stockholders. Additionally, our Board of Directors believes that depriving the Company of the services of Messrs.&nbsp;Bartlett, Rosen and Rosenthal, who
have each served
the Company well during their respective terms as directors, is not in the best interests of the Company or our stockholders. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bc44801_for_the_foregoing_reasons,_we___for06616"> </A>
<A NAME="toc_bc44801_3"> </A>
<BR></FONT><FONT SIZE=2><B>  For the foregoing reasons, we believe the against recommendations are unwarranted and we urge you to vote FOR each nominee for director named in our Proxy Statement.    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you have any questions or need assistance in voting your proxy, please call our proxy solicitor, D.F. King&nbsp;&amp;&nbsp;Co.,&nbsp;Inc.,
at 212-269-5550. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><I>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" >


 </I></FONT><FONT SIZE=2>

<!-- COMMAND=ADDING_LINEBREAK -->

<BR></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>This information is being provided to certain stockholders as a supplement to our Proxy Statement dated March&nbsp;27, 2018, which you already received. Please
read the complete Proxy Statement and accompanying materials carefully before you make a voting decision. Even if voting instructions for your proxy have already been given, you can change your vote
at any time before the annual meeting by giving new voting instructions as described in more detail in our Proxy Statement.</I></FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=3,EFW="2235615",CP="ARES CAPITAL CORP",DN="1",CHK=756819,FOLIO='blank',FILE='DISK129:[18ZBN1.18ZBN44801]BC44801A.;9',USER='CHE105948',CD=';6-MAY-2018;19:40' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="18ZBN44801_1">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_bc44801_1">Ares Capital Corporation 245 Park Avenue, 44<SUP>th</SUP> Floor New York, NY 10167</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_bc44801_2">WE URGE YOU TO SUPPORT THE RECOMMENDATIONS OF OUR BOARD OF DIRECTORS AND VOTE "FOR" EACH NOMINEE FOR DIRECTOR.</A></FONT><BR>
<FONT SIZE=2 style="font-family:times;"><A HREF="#toc_bc44801_3">For the foregoing reasons, we believe the against recommendations are unwarranted and we urge you to vote FOR each nominee for director named in our Proxy Statement.</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=JKEENE,SEQ=,EFW="2235615",CP="ARES CAPITAL CORP",DN="1" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g448142.jpg
<DESCRIPTION>G448142.JPG
<TEXT>
begin 644 g448142.jpg
M_]C_X  02D9)1@ ! 0$ K "L  #__@ T35),3%]'4D%02$E#4SI;05)%4UU!
M4D537T-!4$E404Q?0T]24%]035-?3$]'3RY%4%/_VP!#  $! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0'_VP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" !$ ,$# 2(
M A$! Q$!_\0 'P   @,  @,! 0            D'" H%!@$"! ,+_\0 21
M 00" 0," P0$!PP+    ! (#!08!!P@ "1$2$Q05,0H6(4$7(B-1,C-Q<K&R
MTA@D2E*(D9*3H;?'T3<X0E1A8G=X@935_\0 &P$  @(# 0
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MP\SKC/F10W\5(3,3/S"HP$OWQ/5EQ#G6,92;8*"L376%@X\0=A4=IYQ'M!M
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M[NW<*U-Q)YL5X_BGHS5%PL3\9QQDY,J1LFW.1%=4J$8USM2]J%KX=<<.!<G
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?F!>A/[O]N?\ GT='1U0>F1$SX\S[?^'_ +G^,]?_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
