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Ares Capital Corporation Announces Tax Reporting Information for Calendar Year 2018
Business Wire 31-Jan-2019 6:30 AM
Ares Capital Corporation ("Ares Capital" or the "Company")
(NASDAQ:ARCC) announced today the tax treatment of the Company's 2018
common stock distributions (CUSIP #: 04010L103).
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Ordinary Income PerShare
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RecordDate
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PayableDate
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Total PaidPer Share
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OrdinaryRate
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20% Rate (1)
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Long TermCapital GainsPer Share (2)
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Interest –RelatedDividends (3)
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3/15/2018
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3/30/2018
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$0.3800
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$0.3800
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$0.0000
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$0.0000
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82.3076%
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6/15/2018
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6/29/2018
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$0.3800
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$0.3800
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$0.0000
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$0.0000
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82.3076%
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9/14/2018
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9/28/2018
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$0.3900
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$0.3900
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$0.0000
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$0.0000
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87.1795%
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12/14/2018
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12/28/2018
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$0.3900
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$0.3900
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$0.0000
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$0.0000
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89.7436%
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$1.5400
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$1.5400
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$0.0000
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$0.0000
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% of Total Dividends Paid Per Share
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100.0000%
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100.0000%
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0.0000%
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0.0000%
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(1)
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No portion of the Company's distributions is designated, in
accordance with IRC section 854(b), as an amount eligible for
treatment as qualified dividend income or as an amount treated as a
dividend eligible for the dividends-received deduction generally
available for corporations.
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(2)
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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).
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(3)
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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).
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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 September 30,
2018, 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
asset 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190131005245/en/
