Ares Dynamic Credit Allocation Fund,Inc. (NYSE:ARDC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective September25, 2018, John A. Leupp resigned from his positions as Vice President and Portfolio Manager of Ares Dynamic Credit Allocation Fund,Inc. (the “Fund”). Also effective September25, 2018, (i)each of Charles Arduini and Samantha Milner was appointed as a Vice President and Portfolio Manager of the Fund, and (ii)each of Jason Duko and Kapil Singh was appointed as a Vice President of the Fund.
Mr.Arduini is a Managing Director and Portfolio Manager in the Ares Credit Group. Mr.Arduini joined Ares in 2011.
Ms.Milner is a Managing Director, Portfolio Manager and Head of Research of U.S. Liquid Credit in the Ares Credit Group. Ms.Milner joined Ares in 2004.
Mr.Duko is a Partner and Portfolio Manager of U.S. Liquid Credit in the Ares Credit Group. Prior to joining Ares in 2018, Mr.Duko was a Portfolio Manager at PIMCO.
Mr.Singh is a Partner and Portfolio Manager of U.S. Liquid Credit in the Ares Credit Group. Prior to joining Ares in 2018, Mr.Singh was a Portfolio Manager in the Global Developed Credit Group at DoubleLine Capital
Item 9.01 Financial Statements and Exhibits
(a)Not Applicable.
(b)Not Applicable.
(c)Not Applicable.
(d)Exhibits
Exhibit3.1 Amended and Restated Bylaws of Ares Dynamic Credit Allocation Fund,Inc.