New York, November 10th ( PRNewswire ) – Ares Dynamic Credit Allocation Fund, Inc. (" ARDC " or "Fund") ( NYSE : ARDC ) announced today that the distribution for November 2026 will be $0.1125 per common share, with the specific payment arrangements as follows.

The dates for this allocation are as follows:

• Ex-dividend date: November 20, 2026
• Registration Date: November 20, 2026
• Payment Date: November 30, 2026
• Per share amount: $0.1125

Based on the current stock price of $11.64 as of November 9, 2026, the annualized distribution rate corresponding to this distribution is approximately 11.60% (calculated by dividing the distribution amount by the current price and then annualizing it). Information regarding the distribution rate is for reference only and does not necessarily represent future results, nor can it be guaranteed. The distribution rate should not be considered as the yield or total return on the fund's investment.

The future distribution of time and amount (if any) will be decided by the fund itself. In accordance with Section 19(a) of the 1940 Investment Company Act, if a portion of the monthly distribution comes from sources other than undistributed net investment income, such as short-term capital gains, long-term capital gains, or capital repurchases, the fund will notify its shareholders. Such notifications will also be published on the fund's website www.arespublicfunds.com.

The reported distribution amounts and sources are merely estimates and are not to be used for tax purposes. The actual amounts and sources for tax declarations will depend on the fund's investment performance during the remaining period of its fiscal year and may change due to tax regulations. The final determination of these distribution sources will be made after the end of the fund's fiscal year. If necessary, the fund may choose to make an adjustment distribution in December, which will include any additional income and realized capital gains from that year that exceed the monthly distributions, in order to meet the minimum distribution requirements of the Internal Revenue Code. Each year in January or February, investors will receive a 1099- DIV form for the previous calendar year, which provides instructions on how to report these distributions on their federal income tax returns.

This press release is not intended to, nor does it constitute, an offer to purchase or sell shares of ARDC.

Regarding Ares Dynamic Credit Allocation Fund, Inc.

Ares Dynamic Credit Allocation Fund, Inc. (“ARDC”) is a closed-end management company, externally managed by Ares Capital Management II LLC, which in turn is a subsidiary of Ares Management Corporation. ARDC aims to provide an attractive total return level primarily through current income and secondarily through capital appreciation. ARDC invests in a broad and dynamically managed portfolio of credit investments. There is no guarantee that ARDC will be able to achieve its investment objectives. The net asset value of ARDC can be queried through its NASDAQ ticker XADCX. For more information, please refer to www.arespublicfunds.com.

Forward-looking Statements

The statements contained in this document may constitute “forward-looking statements” as defined by U.S. securities law and may involve future events or the company’s future performance or financial condition. These statements do not guarantee future performance, conditions, or results and involve various risks and uncertainties. Due to a variety of factors, actual results may differ significantly from those contained in the forward-looking statements, including factors described from time to time in the documents submitted by the fund to the U.S. Securities and Exchange Commission, as well as other factors beyond the control of the fund. Ares Dynamic Credit Allocation Fund assumes no obligation to update any forward-looking statements made in this document.

This document is not an offer to sell securities, nor is it an invitation to purchase securities in any jurisdiction where such an offer or sale is not permitted. Investors should carefully consider the investment objectives, risks, fees, and expenses of the fund before making an investment.

Ares Dynamic Credit Allocation Fund is a closed-end fund that does not continue to issue its shares. Since its initial public offering, the fund has been traded on the New York Stock Exchange under the code ARDC. Investors who wish to buy or sell shares can place orders through brokerage firms or other intermediaries.

Contact

Ares Dynamic Credit Allocation Fund, Inc.

Or

Destra Capital Advisors LLC