<SEC-DOCUMENT>0001104659-18-073778-index.html : 20181219
<SEC-HEADER>0001104659-18-073778.hdr.sgml : 20181219
<ACCEPTANCE-DATETIME>20181219123841
ACCESSION NUMBER:		0001104659-18-073778
CONFORMED SUBMISSION TYPE:	40-17G
PUBLIC DOCUMENT COUNT:		12
FILED AS OF DATE:		20181219
DATE AS OF CHANGE:		20181219
EFFECTIVENESS DATE:		20181219

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:		181242907

	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:		181242906

	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>a18-41055_14017g.htm
<DESCRIPTION>40-17G
<TEXT>
Document 1 - file: a18-41055_14017g.htm

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<SEQUENCE>2
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<TEXT>
Document 2 - file: g410551bi13i001.jpg

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<SEQUENCE>3
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<TEXT>
Document 3 - file: g410551bmi001.gif

</DOCUMENT>
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<SEQUENCE>4
<FILENAME>g410551bi15i001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: g410551bi15i001.jpg

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<FILENAME>g410551cai001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 5 - file: g410551cai001.jpg

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<FILENAME>g410551bi07i001.jpg
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Document 6 - file: g410551bi07i001.jpg

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<SEQUENCE>7
<FILENAME>g410551bi09i001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 7 - file: g410551bi09i001.jpg

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<SEQUENCE>8
<FILENAME>g410551bi03i001.jpg
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<TEXT>
Document 8 - file: g410551bi03i001.jpg

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<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g410551bi05i001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 9 - file: g410551bi05i001.jpg

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g410551bi05i002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 10 - file: g410551bi05i002.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>g410551bi05i003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 11 - file: g410551bi05i003.jpg

</DOCUMENT>
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<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>g410551bi11i001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 12 - file: g410551bi11i001.jpg

</DOCUMENT>
</SEC-DOCUMENT>