Ares Capital Corporation Announces Tax Reporting Information for Calendar Year 2019
January 30 2020 - 6:00AM
Business Wire
Ares Capital Corporation (“Ares Capital” or the
“Company”) (NASDAQ:ARCC) announced today the tax treatment
of the Company’s 2019 common stock distributions (CUSIP #:
04010L103).
Ordinary Income Per
Share
Record Date
Payable Date
Total Paid Per Share
Ordinary Rate
20% Rate (1)
Long Term Capital Gains Per Share
(2)
Interest – Related Dividends
(3)
3/15/2019
3/29/2019
$0.4200
$0.4184
$0.0016
$0.0000
82.9567%
6/14/2019
6/28/2019
$0.4200
$0.4184
$0.0016
$0.0000
83.5969%
9/16/2019
9/30/2019
$0.4200
$0.4184
$0.0016
$0.0000
90.3368%
12/16/2019
12/27/2019
$0.0200
$0.0200
$0.0000
$0.0000
90.3368%
12/16/2019
12/30/2019
$0.4000
$0.3984
$0.0016
$0.0000
90.3368%
$1.6800
$1.6736
$0.0064
$0.0000
% of Total Dividends Paid Per
Share
100.0000%
99.6190%
0.3810%
0.0000%
- The Company hereby designates these distributions as amounts
eligible for treatment as qualified dividend income in accordance
with IRC section 854(b) as well as eligible for the dividends
received deduction available to certain U.S. domestic
corporations.
- No portion of the Company’s distributions is designated as an
amount eligible for treatment as a capital gain dividend in
accordance with IRC sections 852(b)(3) and 854(a).
- The Company hereby designates the above percentages of each of
the total dividends by payment date as “interest-related dividends”
within the meaning of IRC section 871(k).
This press release is not intended to constitute tax, legal,
investment, or other professional advice. This is general
information and should not be relied upon for tax purposes.
Shareholders should consult their tax advisor for tax guidance
pertinent to specific facts and circumstances.
ABOUT ARES CAPITAL CORPORATION
Ares Capital is a leading specialty finance company that
provides one-stop debt and equity financing solutions to U.S.
middle market companies and power generation projects. Ares Capital
originates and invests in senior secured loans, mezzanine debt and,
to a lesser extent, equity investments through its national direct
origination platform. Ares Capital’s investment objective is to
generate both current income and capital appreciation through debt
and equity investments primarily in private companies. Ares Capital
has elected to be regulated as a business development company
(“BDC”) and as of December 31, 2019, was the largest BDC by
total assets and market capitalization. Ares Capital is externally
managed by a subsidiary of Ares Management Corporation (NYSE:ARES),
a publicly traded, leading global alternative investment manager.
For more information about Ares Capital, visit
www.arescapitalcorp.com. However, the contents of such website are
not and should not be deemed to be incorporated by reference
herein.
FORWARD-LOOKING STATEMENTS
Statements included herein or on the webcast/conference call may
constitute “forward-looking statements,” which relate to future
events or our future performance or financial condition. These
statements are not guarantees of future performance, condition or
results and involve a number of risks and uncertainties. Actual
results and conditions may differ materially from those in the
forward-looking statements as a result of a number of factors,
including those described from time to time in our filings with the
Securities and Exchange Commission. Ares Capital Corporation
undertakes no duty to update any forward-looking statements made
herein or on the webcast/conference call.
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Ares Capital Corporation Carl G. Drake John Stilmar
888-818-5298
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