X0306 4 2013-12-23 0 0001515324 Ares Dynamic Credit Allocation Fund, Inc. ARDC 0001025978 RESSLER ANTONY P 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES CA 90067 0 0 0 1 President of Adviser Common Stock 2013-12-23 4 J 0 49732 0 A 49732 I By TJ Capital Investors LLC Common Stock 22226.93 D Common Stock 103864.17 I As Trustee of the Ressler/Gertz Family Foundation Common Stock 4466.16 I As custodian for child's UTMA account Common Stock 4466.16 I As custodian for child's UTMA account 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. Includes 826.93 shares acquired under the Dividend Reinvestment Plan of Ares Dynamic Credit Allocation Fund, Inc. (the "Issuer"). Of these shares, 4,570.02 shares are held by Antony P. Ressler's IRA and 17,656.91 shares are held by Antony P. Ressler in a joint account. Includes 3,864.17 shares acquired under the Dividend Reinvestment Plan of the Issuer. Includes 166.16 shares acquired under the Dividend Reinvestment Plan of the Issuer. Includes 166.16 shares acquired under the Dividend Reinvestment Plan of the Issuer. /s/ Monica J. Shilling, by power of attorney 2013-12-24