Ares Dynamic Credit Allocation Fund welcomes Paula Pretlow to its Board as Independent Director

– USA, NY –  Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) today announced the appointment of Paula Pretlow to its Board of Directors as an independent director effective February 16, 2021. She will also join the audit committee.

“We are very pleased to welcome Paula to the ARDC board and its audit committee,” said Board Chairman, David Sachs. “Paula is an accomplished industry veteran in the investment management sector and has established a track record of helping company leaders maximize value in their own organizations. We are confident that she will be a valuable contributor to the ARDC board and audit committee.”

About Paula Pretlow

Paula Pretlow brings more than three decades of finance, investment management, and business development leadership experience to the ARDC Board. Previously, Ms. Pretlow was an SVP at The Capital Group for 12 years, where she led the public fund business development and client relationship group. Her investment industry experience also includes senior roles at BlackRock and AXA Rosenberg as well as fixed income sales at Credit Suisse. Earlier in her career, Ms. Pretlow worked at GATX Capital focusing on the creation of a secondary market for capital equipment leases and portfolios. Ms. Pretlow began her career as a corporate banking officer at Wells Fargo Bank.

Ms. Pretlow holds an MBA in finance and economics from Kellogg School of Management, a BA in political science from Northwestern University, and is a 2017 Fellow of Stanford University’s Distinguished Careers Institute. Amongst other awards and recognition for her leadership in the community, Ms. Pretlow is the recipient of the Aiming High Award from Legal Momentum, the nation’s oldest legal advocacy organization dedicated to advancing the rights of women and girls.

About Ares Dynamic Credit Allocation Fund, Inc.

Ares Dynamic Credit Allocation Fund, Inc. is a closed-end management company that is 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. ARDC’s net asset value may be accessed through its NASDAQ ticker symbol, XADCX.

For more information:

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating integrated groups across Credit, Private Equity, Real Estate, and Strategic Initiatives. Ares Management’s investment groups collaborate to deliver innovative investment solutions and consistent, attractive investment returns for fund investors throughout market cycles. As of December 31, 2020, Ares Management’s global platform had approximately $197 billion of assets under management with more than 1,450 employees operating across North America, Europe, and the Asia Pacific.

For more information:

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.