<SEC-DOCUMENT>0001104659-20-134713-index.html : 20201211
<SEC-HEADER>0001104659-20-134713.hdr.sgml : 20201211
<ACCEPTANCE-DATETIME>20201211143430
ACCESSION NUMBER:		0001104659-20-134713
CONFORMED SUBMISSION TYPE:	40-17G
PUBLIC DOCUMENT COUNT:		29
FILED AS OF DATE:		20201211
DATE AS OF CHANGE:		20201211
EFFECTIVENESS DATE:		20201211

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:		201383360

	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:		201383359

	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>a20-38157_14017g.htm
<DESCRIPTION>40-17G
<TEXT>
Document 1 - file: a20-38157_14017g.htm
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>2 <FILENAME>g381571bi05i001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 2 - file: g381571bi05i001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>3 <FILENAME>g381571bi05i002.gif <DESCRIPTION>GRAPHIC <TEXT> Document 3 - file: g381571bi05i002.gif
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>4 <FILENAME>g381571bi05i003.gif <DESCRIPTION>GRAPHIC <TEXT> Document 4 - file: g381571bi05i003.gif
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>5 <FILENAME>g381571bi05i004.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 5 - file: g381571bi05i004.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>6 <FILENAME>g381571bi05i005.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 6 - file: g381571bi05i005.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>7 <FILENAME>g381571bi05i006.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 7 - file: g381571bi05i006.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>8 <FILENAME>g381571bi05i007.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 8 - file: g381571bi05i007.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>9 <FILENAME>g381571bi05i008.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 9 - file: g381571bi05i008.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>10 <FILENAME>g381571bi09i001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 10 - file: g381571bi09i001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>11 <FILENAME>g381571bi09i002.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 11 - file: g381571bi09i002.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>12 <FILENAME>g381571bi09i003.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 12 - file: g381571bi09i003.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>13 <FILENAME>g381571bi09i004.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 13 - file: g381571bi09i004.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>14 <FILENAME>g381571bi09i005.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 14 - file: g381571bi09i005.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>15 <FILENAME>g381571bi07i001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 15 - file: g381571bi07i001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>16 <FILENAME>g381571bi07i002.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 16 - file: g381571bi07i002.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>17 <FILENAME>g381571bi07i003.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 17 - file: g381571bi07i003.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>18 <FILENAME>g381571bi07i004.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 18 - file: g381571bi07i004.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>19 <FILENAME>g381571bi07i005.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 19 - file: g381571bi07i005.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>20 <FILENAME>g381571bi07i006.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 20 - file: g381571bi07i006.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>21 <FILENAME>g381571bi19i001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 21 - file: g381571bi19i001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>22 <FILENAME>g381571bi15i001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 22 - file: g381571bi15i001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>23 <FILENAME>g381571bi15i002.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 23 - file: g381571bi15i002.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>24 <FILENAME>g381571bi11i001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 24 - file: g381571bi11i001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>25 <FILENAME>g381571bi11i002.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 25 - file: g381571bi11i002.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>26 <FILENAME>g381571bi11i003.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 26 - file: g381571bi11i003.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>27 <FILENAME>g381571bi11i004.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 27 - file: g381571bi11i004.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>28 <FILENAME>g381571bi17i001.gif <DESCRIPTION>GRAPHIC <TEXT> Document 28 - file: g381571bi17i001.gif
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>29 <FILENAME>g381571bi13i001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 29 - file: g381571bi13i001.jpg
</DOCUMENT> </SEC-DOCUMENT>