Table search / Ownership / Ares Dynamic Credit Allocation Fund, Inc.

Set forth below is information with respect to persons or organizations that are known to the Fund to be beneficial owners of more than 5% of the Fund's outstanding Preferred Stock as of April 1, 2024. There were no persons or organizations known to the Fund to be beneficial owners of more than 5% of the Fund's outstanding Common Stock as of April 1, 2024. This information is based on the Fund's records and publicly available information such as Schedule 13D, Schedule 13G and Form 13F disclosures filed with the SEC.

EY served as the Fund's independent registered public accounting firm for the fiscal years ended December 31, 2022 and 2023, auditing and reporting on the annual financial statements of the Fund and reviewing certain regulatory reports and the Fund's federal income tax returns. EY also performed other professional audit and certain allowable non-audit services, including tax services, when the Fund engaged it to do so. Set forth in the table below are the audit fees and non-audit related fees billed to the Fund by EY for professional services for the fiscal years ended December 31, 2022 and 2023.

The following table sets forth the compensation paid by the Fund to the Directors during the fiscal year ended December 31, 2023. The Directors who are "interested persons," as defined in the 1940 Act, of the Fund and the Fund's officers do not receive compensation from the Fund. Under the Fund's advisory agreement, however, the Investment Manager may seek reimbursement from the Fund for the costs of certain administrative services provided to the Fund by the Investment Manager and its affiliates. The Fund currently pays each Independent Director an annual fee of $50,000. The Chair of the Nominating and Governance Committee receives an additional annual fee of $5,000. Prior to December 31, 2023, the Chair of the Audit Committee received an additional annual fee of $5,000. Effective January 1, 2024, the Chair of the Audit Committee receives an additional annual fee of $10,000. The Nominating and Governance Committee Chair is Bruce H. Spector and the Audit Committee Chair is Elaine Orr.