<SEC-DOCUMENT>0001104659-20-055577.txt : 20200501
<SEC-HEADER>0001104659-20-055577.hdr.sgml : 20200501
<ACCEPTANCE-DATETIME>20200501164531
ACCESSION NUMBER:		0001104659-20-055577
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200501
DATE AS OF CHANGE:		20200501
EFFECTIVENESS DATE:		20200501

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:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-22535
		FILM NUMBER:		20841470

	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
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<TYPE>DEFA14A
<SEQUENCE>1
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<DESCRIPTION>DEFA14A
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARES DYNAMIC CREDIT ALLOCATION FUND TO
WEBCAST </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2020 ANNUAL MEETING OF SHAREHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NEW YORK&mdash;May 1, 2020&mdash;Ares Dynamic Credit Allocation
Fund, Inc. (the &ldquo;Fund&rdquo;) <B>(NYSE: ARDC)</B> announced that due to the emerging public health impact of the COVID-19
outbreak, the Fund has changed the format of its 2020 Annual Meeting of Shareholders from a physical in-person meeting to a virtual
webcast.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">The Annual Meeting will still
be held on May 21, 2020 at 12:00 p.m. Pacific Time, but will take place in a </FONT>virtual meeting format via a live webcast.
Instructions on how to register to attend, vote and ask questions at the Annual Meeting can be found at <U>https://viewproxy.com/AresDynamicCreditAllocationFund/broadridgevsm</U>.
Shareholders whose shares are registered in the name of a bank, brokerage firm or other nominee that desire to vote their shares
at the Annual Meeting may need to contact their bank, brokerage firm or other nominee to receive instructions on how to obtain
a legal proxy and control number that will allow the shareholder to vote at the Annual Meeting. Participants are encouraged to
give themselves plenty of time to log in and ensure that they can hear audio prior to the start of the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Fund encourages eligible shareholders to vote on the proposals
prior to the Annual Meeting using the instructions provided in its proxy materials. While shareholders may have the opportunity
to ask questions at the Annual Meeting, only questions submitted via the live webcast that are pertinent, as determined by the
chairman of the Annual Meeting, will be answered during the Meeting, subject to time constraints.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">In addition, the Fund has been
informed by its service provider that due to COVID-19 related difficulties, a delay has occurred in mailing of the Proxy Materials
for the 2020 Annual Meeting of Shareholders. The Fund has been working diligently with its service provider to facilitate prompt
delivery, and the mailing has now been completed. Shareholders may also access the Fund&rsquo;s proxy statement at </FONT><U>http://arespublicfunds.com/funds/ardc/investor-documents/</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Ares Dynamic Credit Allocation Fund, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ares Dynamic Credit Allocation Fund, Inc. (&ldquo;ARDC&rdquo;)
is a closed-end management company that is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management
Corporation. ARDC seeks to provide an attractive level of total return primarily through current income and, secondarily, through
capital appreciation. ARDC invests in a broad, dynamically-managed portfolio of credit investments. There can be no assurance that
ARDC will achieve its investment objective. ARDC&rsquo;s net asset value may be accessed through its NASDAQ ticker symbol, XADCX.
Additional information is available at www.arespublicfunds.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Ares Management Corporation </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ares Management Corporation is a leading global alternative
investment manager operating three integrated businesses across Credit, Private Equity and Real Estate. Ares Management&rsquo;s
investment groups collaborate to deliver innovative investment solutions and consistent and attractive investment returns for fund
investors throughout market cycles. Ares Management&rsquo;s global platform had $149 billion of assets under management as of December
31, 2019 and employs approximately 1,200 employees in over 20 offices in more than 10 countries. Please visit www.aresmgmt.com
for additional information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Statements included herein may constitute &ldquo;forward-looking
statements&rdquo; within the meaning of the U.S. securities laws, and may relate to future events or our future performance or
financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks
and uncertainties, including the impact of COVID-19 and related changes in interest rates and significant market volatility on
our portfolio companies, our industry and the global economy. Actual results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described from time to time in our filings with the Securities and
Exchange Commission and others beyond the Fund&rsquo;s control. Ares Dynamic Credit Allocation Fund undertakes no duty to update
any forward-looking statements made herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>This document is not an offer to sell securities and is not
soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted. An investor should consider
the Fund&rsquo;s investment objective, risks, charges and expenses carefully before investing.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ares Dynamic Credit Allocation Fund is a closed-end fund, which
does not engage in a continuous offering of its shares. Since its initial public offering, the Fund has traded on the New York
Stock Exchange under the symbol <B>ARDC</B>. Investors wishing to purchase or sell shares may do so by placing orders through a
broker dealer or other intermediary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Contact</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Media:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mendel Communications LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Bill Mendel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">bill@mendelcommunications.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(212) 397-1030</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Investors:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ares Dynamic Credit Allocation Fund, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Carl Drake</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">cdrake@aresmgmt.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(678) 538-1981</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">John Stilmar</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">jstilmar@aresmgmt.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(678) 538-1983</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Destra Capital Investments</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ARDC@destracapital.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(877) 855-3434</P>



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