X0202 SCHEDULE 13G/A 0000072971-24-000233 0000072971 XXXXXXXX LIVE 6 Common Shares 03/31/2026 0001515324 Ares Dynamic Credit Allocation Fund 04014F102 1800 Avenue of the Stars Suite 1400 Los Angeles CA 90067 Rule 13d-1(b) Wells Fargo & Company DE 0 0 1588639 0 1588639 6.9 HC Ares Dynamic Credit Allocation Fund 1800 Avenue of the Stars,Suite 1400,Los Angeles,CA,90067 Wells Fargo & Company 333 Market Street, San Francisco, CA 94105 DE N HC 1,588,639 6.9 0 0 1,588,639 0 Y N N Not applicable N This Schedule 13G is filed by Wells Fargo & Company on its own and on behalf of its subsidiary Wells Fargo Bank, National Association a Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); Wells Fargo Advisors Financial Network, LLC a Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c); Wells Fargo Clearing Services, LLC a Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c). N Not applicable N Not applicable 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. Wells Fargo & Company Ally Pecarro 05/12/2026