X0306 4 2013-08-21 0 0001515324 Ares Dynamic Credit Allocation Fund, Inc. ARDC 0001140113 SACHS DAVID A C/O TEREX CORP 200 NYALA FARM ROAD WESTPORT CT 06880 1 0 0 0 Common Stock 2013-08-21 4 P 0 1500 18.175 A 40000 D Common Stock 2013-08-22 4 P 0 300 18.15 A 40300 D The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.15 to $18.20, inclusive. The Reporting Person undertakes to provide to Ares Dynamic Credit Allocation Fund, Inc., any security holder of Ares Dynamic Credit Allocation Fund, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4. Of the 40,300 shares reported on this Form 4, 12,300 shares are held directly by David A. Sachs, 3,000 shares are held by David A. Sachs' IRA and 25,000 shares are held by the Sachs Revocable Trust dated 3-12-97. /s/ Monica J. Shilling, by power of attorney 2013-08-23