Summary
ARDC Chart
3 Closed-End Funds to Maximize Dividend Payments
Ultra-high dividend yields for individual stocks may appeal to investors seeking additional income—after all, who doesn't want high dividend payments? At the same time, though, a very high yield can sometimes be a giant red flag for investors.
ARDC: Valuation Has Fallen Back To Earth But With Elevated Risks
Ares Dynamic Credit Allocation Fund remains a hold due to valuation and near-term debt market risks. ARDC trades at a 6.7% discount to NAV, with a 10.8% yield, but faces risk from rising borrower defaults and aggressive leverage (40.9%). The portfolio is 80% below-investment-grade debt, making ARDC sensitive to credit deterioration if interest rates remain elevated.
ARDC: Buy This High-Yield Dynamic Credit Fund Before The Sale Ends
Ares Dynamic Credit Allocation Fund is rated Buy, offering a 10.7% yield and trading at a -7.5% discount to NAV. ARDC's distribution is well covered with significant undistributed net investment income, following a recent reduction to $0.1125 per month. The fund employs dynamic allocation across high-yield bonds, senior loans, and CLOs, with 40% leverage currently above its 33% target.
Ares Dynamic Credit Allocation Fund, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 92,478 | $1.23M | $1.05M | -$183,433.78 | -14.92% |
| MBV Matthew B. Vawter NATIONS FINANCIAL GROUP Inc., /IA/ /ADV | 61,645 | $721,197.68 | $700,903.65 | -$20,294.03 | -2.81% |
| RAS Robert A. Saperstein Guggenheim Capital LLC | 416,398 | $6.02M | $4.73M | -$1.28M | -21.32% |
 Jeff Ameen Spire Wealth Management | 8,500 | $122,635 | $96,475 | -$26,160 | -21.33% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 209,406 | $2.63M | $2.37M | -$261,631.99 | -9.96% |
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