X0306 4 2013-12-23 0 0001515324 Ares Dynamic Credit Allocation Fund, Inc. ARDC 0001140113 SACHS DAVID A 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES CA 90067 1 0 0 0 Common Stock 2013-12-23 4 J 0 5098 0 A 5098 I By Richards Sachs Investment Partners LLC Common Stock 42100 D These shares were acquired as a result of pro rata in kind distributions made by Ares Investments Holdings LLC, Ares Investments LLC and Ares Partners Management Company LLC to their respective members for no additional consideration. The shares are held by Richards Sachs Investment Partners LLC, a limited liability company, of which David A. Sachs is the sole manager and a beneficiary. Of these shares, 13,800 shares are held directly by David A. Sachs, 3,300 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 2013-12-24