<SEC-DOCUMENT>0001104659-16-161925-index.html : 20161213
<SEC-HEADER>0001104659-16-161925.hdr.sgml : 20161213
<ACCEPTANCE-DATETIME>20161213171759
ACCESSION NUMBER:		0001104659-16-161925
CONFORMED SUBMISSION TYPE:	40-17G
PUBLIC DOCUMENT COUNT:		13
FILED AS OF DATE:		20161213
DATE AS OF CHANGE:		20161213
EFFECTIVENESS DATE:		20161213

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Dynamic Credit Allocation Fund, Inc.
		CENTRAL INDEX KEY:			0001515324
		IRS NUMBER:				454969053
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22535
		FILM NUMBER:		162049695

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4200

	MAIL ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Senior Credit Strategies Fund, Inc.
		DATE OF NAME CHANGE:	20110314

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CION Ares Diversified Credit Fund
		CENTRAL INDEX KEY:			0001678124
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-23165
		FILM NUMBER:		162049696

	BUSINESS ADDRESS:	
		STREET 1:		3 PARK AVENUE, 36TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		646-845-2577

	MAIL ADDRESS:	
		STREET 1:		3 PARK AVENUE, 36TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-17G
<SEQUENCE>1
<FILENAME>a16-22915_14017g.htm
<DESCRIPTION>40-17G
<TEXT>
Document 1 - file: a16-22915_14017g.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g229151cai001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 2 - file: g229151cai001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g229151bk05i001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: g229151bk05i001.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g229151bk05i002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: g229151bk05i002.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g229151bk09i001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 5 - file: g229151bk09i001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g229151bk09i002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 6 - file: g229151bk09i002.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g229151bk09i003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 7 - file: g229151bk09i003.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g229151bk03i001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 8 - file: g229151bk03i001.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g229151bk03i002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 9 - file: g229151bk03i002.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g229151bk03i003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 10 - file: g229151bk03i003.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>g229151bk03i004.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 11 - file: g229151bk03i004.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>g229151bk03i005.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 12 - file: g229151bk03i005.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>g229151bk07i001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 13 - file: g229151bk07i001.gif

</DOCUMENT>
</SEC-DOCUMENT>