<SEC-DOCUMENT>0001104659-26-072976.txt : 20260611
<SEC-HEADER>0001104659-26-072976.hdr.sgml : 20260611
<ACCEPTANCE-DATETIME>20260611164027
ACCESSION NUMBER:		0001104659-26-072976
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20260611
DATE AS OF CHANGE:		20260611

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Dynamic Credit Allocation Fund, Inc.
		CENTRAL INDEX KEY:			0001515324
		ORGANIZATION NAME:           	
		EIN:				454969053
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-279977
		FILM NUMBER:		261083746

	BUSINESS ADDRESS:	
		STREET 1:		1800 AVENUE OF THE STARS
		STREET 2:		SUITE 1400
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4200

	MAIL ADDRESS:	
		STREET 1:		1800 AVENUE OF THE STARS
		STREET 2:		SUITE 1400
		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>
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<TYPE>424B3
<SEQUENCE>1
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<DESCRIPTION>424B3
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Filed Pursuant to Rule&nbsp;424(b)(3)</B></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Securities Act File No.&nbsp;333-279977</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; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Ares
Dynamic Credit Allocation Fund,&nbsp;Inc.</B></FONT></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; text-align: center">Supplement dated June&nbsp;11, 2026</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; text-align: center">To</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; text-align: center">Prospectus and Statement of Additional Information,<BR>
each dated August&nbsp;26, 2024, as supplemented to date</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; text-indent: 0.5in">This supplement (&ldquo;Supplement&rdquo;) contains
information that amends, supplements or modifies certain information contained in the accompanying prospectus (the &ldquo;Prospectus&rdquo;)
and statement of additional information (the &ldquo;SAI&rdquo;) of Ares Dynamic Credit Allocation Fund,&nbsp;Inc. (the &ldquo;Fund&rdquo;),
each dated August&nbsp;26, 2024, as supplemented to date. This Supplement is part of, and should be read in conjunction with, the Prospectus
and SAI. Unless otherwise indicated, all other information included in the Prospectus and SAI that is not inconsistent with the information
set forth in this Supplement remains unchanged. The Prospectus and SAI have been filed with the U.S. Securities and Exchange Commission
and are available free of charge at www.sec.gov or by calling (888) 818-5298. Capitalized terms used in this Supplement have the same
meanings as in the Prospectus and SAI, unless otherwise stated 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; text-indent: 0.5in">On June&nbsp;11, 2026, the Fund entered into an
agreement with certain institutional accredited investors to issue and sell, in an offering exempt from registration under the Securities
Act of 1933, as amended, (i)&nbsp;800,000 Series&nbsp;D Mandatory Redeemable Preferred Shares, liquidation preference $25.00 per share
(&ldquo;Series&nbsp;D MRP Shares&rdquo;); and (ii)&nbsp;1,200,000 Series&nbsp;E Mandatory Redeemable Preferred Shares, liquidation preference
$25.00 per share (&ldquo;Series&nbsp;E MRP Shares&rdquo; and together with the Series&nbsp;D MRP Shares, the &ldquo;MRP Shares&rdquo;),
with the sale and purchase of the MRP Shares to occur at two closings. The first closing (with respect to the Series&nbsp;D MRP Shares)
is currently expected to be held on July&nbsp;14, 2026, and the second closing (with respect to the Series&nbsp;E MRP Shares) is currently
expected to be held on September&nbsp;14, 2026, in each case subject to the satisfaction of customary closing conditions. Total gross
proceeds to the Fund from the sale of the MRP Shares following the closing of the transactions described above are anticipated to be $50
million.</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; text-align: center"><B>Please retain this Supplement with your Prospectus
and SAI.</B></P>


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


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