ARCC Corporate Profile

Corporate Profile

Corporate Profile


Ares Capital Corporation (NASDAQ: ARCC) is a leading specialty finance company that provides one-stop solutions to meet the distinct and underserved financing needs of private middle-market companies across diverse industries. We invest primarily in first and second lien loans (including unitranche loans) and mezzanine debt, which in some cases includes an equity component like warrants. To a lesser extent, we also make equity investments. We seek current income and capital appreciation through our debt and equity investments. We seek to originate investments in market-leading companies with a history of stable cash flows, proven competitive advantages and experienced management teams. We seek to serve as a lead agent or investor in order to optimize due diligence and capital structure as well as enable active monitoring of the investment. Our strategy is to maximize risk-adjusted returns throughout economic cycles. As of March 31, 2017, our portfolio had a fair value of approximately $11.4 billion and consisted of 316 portfolio companies backed by 166 different private equity sponsors.

ARCC is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder and is the largest BDC by total assets and market capitalization. ARCC is externally managed by Ares Capital Management LLC, a subsidiary of Ares Management, L.P. (NYSE:ARES) ("Ares"), a publicly traded, leading global alternative asset manager. We leverage off of the Ares platform, benefiting from its relationships, infrastructure, industry research, reputation and significant multi-asset class management expertise.


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  1. ARCC generated a 13% annualized total shareholder return since its 2004 IPO–outperforming S&P 500, syndicated loans and high yield by 450– 800bps; Source: SNL Financial. Total return as of March 31, 2017 on security or index with dividends; assumes dividends are reinvested at the closing price of the security on the ex-date of the dividend. ARCC stock price-based total return is calculated assuming dividends are reinvested at the end of day stock price on the relevant quarterly ex-dividend dates. Total return is calculated assuming investors did not participate in ARCC’s rights offering issuance in March 2008. Syndicated loans and high yield performance comparisons refer to the Credit Suisse Leveraged Loan Index and the Merrill Lynch High Yield Master II Index, respectively, for the time period from ARCC’s 2004 IPO through March 31, 2017.
  2. As of March 31, 2017, by total assets and market capitalization.
  3. As of March 31, 2017.
  4. Minimum 20 minute delay.