aci-20250122

Date of report (Date of earliest event reported): January 22, 2025

Delaware

000-56695

99-6541890

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
N/A	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

The NAV per common share of beneficial interest (“Common Share”) of Ares Core Infrastructure Fund (the “Fund”) as of December 31, 2024, as determined in accordance with the valuation policies and procedures employed by Ares Capital Management II LLC, the Fund’s investment adviser and valuation designee, was as follows:

As of December 31, 2024, the Fund’s aggregate NAV was approximately $156.5 million and the fair value of its portfolio investments was approximately $339.1 million.

Also, as previously disclosed, the Fund announced the declaration of regular monthly gross distributions for January, February and March 2025, in each case for its Common Shares in the amounts per share set forth below:

Record Date

Payment Date(1)

Gross Distribution Per Common Share

January 31, 2025

February 21, 2025

$0.2250

February 28, 2025

March 25, 2025

$0.2250

March 31, 2025

April 23, 2025

$0.2250

(1) The distributions on the Fund's Common Shares will be paid on or about the payment dates set above.

These distributions will be paid in cash or reinvested in the Common Shares for shareholders participating in the Fund’s distribution reinvestment plan.

As of December 31, 2024, the Fund had one equity investment(1) with total fair value of approximately $339.1 million. As of December 31, 2024, based on fair value, the Fund’s portfolio investments consisted of the following:


	As of December 31, 2024
Portfolio Investments
Other equity	100.00	%
Total	100.00	%

(1)The underlying 2.6 gigawatt portfolio consists of 15 projects in operation across ERCOT, MISO, PJM and SPP, of which 53% is solar, 25% wind and 22% co-located battery storage capacity.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


		ARES CORE INFRASTRUCTURE FUND

Dated: January 22, 2025

	By:	/s/ Christina Oh
	Name:	Christina Oh
	Title:	Chief Financial Officer and Treasurer