Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.

Ares Capital Management II LLC today announced that monthly fund
composition and performance data for Ares Dynamic Credit Allocation
Fund, Inc. (NYSE:ARDC) as of May 31, 2018 is now available via www.arespublicfunds.com.

About Ares Dynamic Credit Allocation Fund, Inc.

Ares Dynamic Credit Allocation Fund, Inc. (“ARDC”) is a closed-end
management company that is externally managed by Ares Capital Management
II LLC, a subsidiary of Ares Management, L.P. ARDC seeks to provide an
attractive level of total return, primarily through current income and,
secondarily, through capital appreciation. ARDC invests in a broad,
dynamically-managed portfolio of credit investments. There can be no
assurance that ARDC will achieve its investment objective. ARDC’s net
asset value may be accessed through its NASDAQ ticker symbol, XADCX.
Additional information is available at www.arespublicfunds.com.

About Ares Management, L.P.

Ares Management, L.P. (NYSE:ARES) is a leading global alternative asset
manager with approximately $112 billion1 of assets under
management and more than 15 offices in the United States, Europe and
Asia as of March 31, 2018. Since its inception in 1997, Ares has adhered
to a disciplined investment philosophy that focuses on delivering strong
risk-adjusted investment returns throughout market cycles. Ares believes
each of its three distinct but complementary investment groups in
Credit, Private Equity and Real Estate is a market leader based on
assets under management and investment performance. Ares was built upon
the fundamental principle that each group benefits from being part of
the greater whole.

This document is not an offer to sell securities and is not
soliciting an offer to buy securities in any jurisdiction where the
offer or sale is not permitted. An investor should consider the
investment objective, risks, charges and expenses of ARDC carefully
before investing.

ARDC is a closed-end fund, which does not engage in continuous offerings
of its shares. Since its initial public offering, ARDC has traded on the
New York Stock Exchange under the symbol ARDC. Investors
wishing to purchase or sell shares may do so by placing orders through a
broker dealer or other intermediary.

________________________________1 As of March 31, 2018,
AUM amounts include funds managed by Ivy Hill Asset Management, L.P., a
wholly owned portfolio company of Ares Capital Corporation and a
registered investment adviser.

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