<SEC-DOCUMENT>0000899243-21-029665.txt : 20210723
<SEC-HEADER>0000899243-21-029665.hdr.sgml : 20210723
<ACCEPTANCE-DATETIME>20210723162015
ACCESSION NUMBER:		0000899243-21-029665
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210715
FILED AS OF DATE:		20210723
DATE AS OF CHANGE:		20210723

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			VOYA RETIREMENT INSURANCE & ANNUITY Co
		CENTRAL INDEX KEY:			0000837010
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-22535
		FILM NUMBER:		211111072

	BUSINESS ADDRESS:	
		STREET 1:		ONE ORANGE WAY
		CITY:			WINDSOR
		STATE:			CT
		ZIP:			06095-4774
		BUSINESS PHONE:		860-580-4646

	MAIL ADDRESS:	
		STREET 1:		ONE ORANGE WAY
		CITY:			WINDSOR
		STATE:			CT
		ZIP:			06095-4774

	FORMER NAME:	
		FORMER CONFORMED NAME:	ING LIFE INSURANCE & ANNUITY CO
		DATE OF NAME CHANGE:	20020319

	FORMER NAME:	
		FORMER CONFORMED NAME:	AETNA LIFE INSURANCE & ANNUITY CO /CT
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Voya Holdings, Inc.
		CENTRAL INDEX KEY:			0001577976
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-22535
		FILM NUMBER:		211111073

	BUSINESS ADDRESS:	
		STREET 1:		ONE ORANGE WAY
		CITY:			WINDSOR
		STATE:			CT
		ZIP:			06095
		BUSINESS PHONE:		212-309-8200

	MAIL ADDRESS:	
		STREET 1:		ONE ORANGE WAY
		CITY:			WINDSOR
		STATE:			CT
		ZIP:			06095

	FORMER NAME:	
		FORMER CONFORMED NAME:	Lion Connecticut Holdings Inc.
		DATE OF NAME CHANGE:	20130528

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Voya Financial, Inc.
		CENTRAL INDEX KEY:			0001535929
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-22535
		FILM NUMBER:		211111074

	BUSINESS ADDRESS:	
		STREET 1:		230 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10169
		BUSINESS PHONE:		212-309-8200

	MAIL ADDRESS:	
		STREET 1:		230 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10169

	FORMER NAME:	
		FORMER CONFORMED NAME:	ING U.S., Inc.
		DATE OF NAME CHANGE:	20120709

	FORMER NAME:	
		FORMER CONFORMED NAME:	ING America Insurance Holdings, Inc.
		DATE OF NAME CHANGE:	20111130

ISSUER:		

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

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>doc3.xml
<DESCRIPTION>FORM 3 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2021-07-15</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001515324</issuerCik>
        <issuerName>Ares Dynamic Credit Allocation Fund, Inc.</issuerName>
        <issuerTradingSymbol>ARDC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001535929</rptOwnerCik>
            <rptOwnerName>Voya Financial, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>230 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10169</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001577976</rptOwnerCik>
            <rptOwnerName>Voya Holdings, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE ORANGE WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WINDSOR</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06095</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000837010</rptOwnerCik>
            <rptOwnerName>VOYA RETIREMENT INSURANCE &amp; ANNUITY Co</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE ORANGE WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WINDSOR</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06095</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>5-year MRPS with Final Redemption July 15, 2026</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>120000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Subsidiary</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The Securities reported herein are directly beneficially owned by Voya Retirement Insurance and Annuity Company, ReliaStar Life Insurance Company and ReliaStar Life Insurance Company of New York, each a direct or indirect subsidiary of Voya Financial, Inc. and Voya Holdings, Inc.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Rachel Reid, SVP and Corporate Secretary, Voya Financial, Inc.</signatureName>
        <signatureDate>2021-07-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Rachel Reid, SVP and Assistant Secretary, Voya Holdings Inc.</signatureName>
        <signatureDate>2021-07-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Rachel Reid, SVP and Assistant Secretary, Voya Retirement Insurance &amp; Annuity Co.</signatureName>
        <signatureDate>2021-07-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
