Ares Dynamic Credit Allocation Fund, Inc. Appoints Penni Roll as Chief Financial Officer
April 01, 2016 at 05:13 pm
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Effective April 1, 2016, Penni Roll has been appointed Chief Financial Officer of Ares Dynamic Credit Allocation Fund, Inc. Ms. Roll is a Partner and the Chief Financial Officer of the Ares Credit Group and additionally serves as a member of the Ares Enterprise Risk Committee. Ms. Roll joined Ares Management in April 2010 as part of the Allied Capital acquisition, where she served as Chief Financial Officer from 1998 until April 2010.
Ares Dynamic Credit Allocation Fund, Inc. (the Fund) is a closed end, diversified, management investment company. The Fund's investment objective is to seek an attractive risk adjusted level of total return, primarily through current income and secondarily, through capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a broad, dynamically managed portfolio of senior secured loans (Senior Loans) made primarily to companies whose debt is rated below investment grade; corporate bonds (Corporate Bonds) that are primarily high yield issues rated below investment grade; other fixed-income instruments of a similar nature that may be represented by derivatives, and securities issued by entities commonly referred to as collateralized loan obligations (CLOs) and other asset-backed securities. Its investments in CLOs may include investments in subordinated tranches of CLO securities. The Fund's investment adviser is Ares Capital Management II LLC.
ARES DYNAMIC CREDIT ALLOCATION FUND, INC. 
