X0202 SCHEDULE 13G/A 0001097362 XXXXXXXX LIVE 2 Mandatory Redeemable Preferred Stock 09/14/2026 0001515324 Ares Dynamic Credit Allocation Fund, Inc. 04014F4*0 04014F5*9 04014F6*8 2000 Avenue of the Stars 12th Floor Los Angeles CA 90067 Rule 13d-1(b) Sun Life Assurance Company of Canada A6 780000 0 780000 0 780000 19.5 FI IC CO Sun Life Financial Inc. A6 0 780000 0 780000 780000 19.5 FI CO HC Ares Dynamic Credit Allocation Fund, Inc. 2000 Avenue of the Stars, 12th Floor, Los Angeles, California 90067 (i) Sun Life Assurance Company of Canada ("SLA") (ii) Sun Life Financial Inc. ("SLF") SLA and SLF: One York Street Toronto, Ontario, Canada M5J 0B6 SLA and SLF: Canada N HC FI Insurance Company (i) SLA: 780,000 (ii) SLF: 780,000 (i) SLA: 19.5% (ii) SLF: 19.5% (1) SLA: 780,000 (2) SLF: 0 (1) SLA: 0 (2) SLF: 780,000 (1) SLA: 780,000 (2) SLF: 0 (1) SLA: 0 (2) SLF: 780,000 Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to insurance companies in Canada is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. Sun Life Assurance Company of Canada /s/ Randolph B. Brown 10/06/2026 /s/ Brett W. Pacific 10/06/2026 Sun Life Financial Inc. /s/ Randolph B. Brown 10/06/2026 /s/ Brett W. Pacific 10/06/2026