– USA, NY – Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) today announced the appointment of Elaine Orr to its Board as an independent director, effective August 9, 2022.
“We are very pleased to welcome Elaine, a highly accomplished financial services industry veteran, to the ARDC Board. As the Fund continues to execute against our portfolio strategy through a complex market environment, we are confident that we will benefit from Elaine’s financial acumen and decades of experience leading business development and investment management strategies. I look forward to collaborating with her to support ARDC in our objective to deliver attractive returns for our investors,” said Board Chairman, David Sachs.
Elaine Orr will also join the audit committee as Chair.
Concurrently, ARDC also announced the resignation of Paula Pretlow from the Board, effective August 9, 2022.
About Elaine Orr
Ms. Orr brings extensive institutional investment, foundation, and wealth management experience, having served in leadership and board positions at several leading global financial institutions. Most recently, Ms. Orr served as Senior Director of Philanthropy and Strategic Partnerships for the Robert Toigo Foundation, focusing on major gifts fundraising to advance the mission of supporting underrepresented talent in finance. She previously served as Director of Investments at Silicon Valley Community Foundation. Ms. Orr also held various business, product, and relationship development roles at Morningstar, BlackRock, Morgan Stanley, Barclays, and HSBC.
Ms. Orr is currently a board member of Engine No. 1, San Mateo County Employees’ Retirement System, and Federated City Employees’ Retirement System.
Ms. Orr holds a Bachelor of Commerce and Business Administration degree, majoring in finance, from the University of British Columbia and is a CFA charter holder.
About Ares Dynamic Credit Allocation Fund, Inc.
Ares Dynamic Credit Allocation Fund, Inc. is a closed-end management company externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management Corporation. ARDC seeks to provide an attractive level of total return primarily through current income and, secondarily, through capital appreciation. ARDC invests in a broad, dynamically-managed portfolio of credit investments. There can be no assurance that ARDC will achieve its investment objective.
For more information: https://arespublicfunds.com/
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