Stock message boards
MNV
Market News Video
MNV MNV 10 Oversold Stocks You Need To Know About
MNV
MNV
MNV
MNV
MNV
MNV
MNV


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
MNV Backgroundemail friendsEmail Friendsembed / linkEmbed VideorssRSS Feed standaloneLaunch Standalone Player
Sponsored by: Try ValueForum, the premier value and income stock picking community. Learn about the $5.99 trial
QuoteValueForum is the gold standard. more testimonials »

Ares Announces $320 million IPO of Ares Dynamic Credit Allocation Fund
Wednesday, November 28, 5:02 PM ET

Ares Management announced that Ares Dynamic Credit Allocation Fund (NYSE:ARDC) successfully priced an offering of 16 million shares at a price of $20.00 per share, for a total issuance of $320 million. The total issuance may reach up to $368 million should the underwriters exercise their over-allotment option in full, which may or may not occur. Shares will commence trading today on the New York Stock Exchange under the symbol "ARDC". Closing of the offering is expected to occur on November 30, 2012, subject to customary closing conditions.

ARDC seeks to provide an attractive level of total return primarily through current income and, secondarily, through capital appreciation, by investing primarily in a broad, dynamically managed portfolio of credit investments. In seeking to achieve its investment objective, the Fund will invest in senior secured loans, high yield corporate bonds and investment grade-rated collateralized loan obligations. ARDC will dynamically allocate its portfolio among investments in the various targeted credit markets to seek to manage interest rate and credit risk and the duration of the Fund's portfolio.

The lead managing underwriters were UBS Investment Bank, BofA Merrill Lynch, Citigroup, Morgan Stanley and Wells Fargo Securities.

For MarketNewsVideo.com, I'm Sayoko Murase.

Ares Announces $320 million IPO of Ares Dynamic Credit Allocation Fund  picture
Thursday 7/2 Insider Buying Report: SLCAThursday 7/2 Insider Buying Report: SLCA
Related symbols: SLCA
Wednesday 7/1 Insider Buying Report: FFCWednesday 7/1 Insider Buying Report: FFC
Related symbols: FFC
Tuesday 6/30 Insider Buying Report: WINTuesday 6/30 Insider Buying Report: WIN
Related symbols: WIN
10 Bargains You Can Buy Cheaper Than Insiders Did
Top Ranked Dividend Stocks With Insider Buying
10 Stocks Crossing Below Book Value
10 Oversold Stocks You Need To Know About
10 Stocks Crossing Above Their 200 Day Moving Average
10 Stocks Crossing Below Their 200 Day Moving Average
The 10 Most Popular Large-Caps in ETFs
The Top 10 DividendRank'ed DJIA Components
S&P 500 Movers: NI, GNWS&P 500 Movers: NI, GNW
Related symbols: NI,GNW
Dow Movers: DD, INTCDow Movers: DD, INTC
Related symbols: DD,INTC
Nasdaq 100 Movers: INTC, WYNNNasdaq 100 Movers: INTC, WYNN
Related symbols: INTC,WYNN
S&P 500 Analyst Moves: AKAMS&P 500 Analyst Moves: AKAM
Related symbols: AKAM
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
Dow Analyst Moves: KODow Analyst Moves: KO
Related symbols: KO
Dow Analyst Moves: MRKDow Analyst Moves: MRK
Related symbols: MRK
Thursday Sector Laggards: Sporting Goods & Activities, Information Technology ServicesThursday Sector Laggards: Sporting Goods & Activities, Information Technology Services
Related symbols: ISCA,WBAI,ICLD,CTSH
Thursday Sector Leaders: Precious Metals, Oil & Gas Exploration & Production StocksThursday Sector Leaders: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: SAND,BAA,MPO,PGN
Wednesday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production StocksWednesday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production Stocks
Related symbols: BTU,ANR,CRK,PGN
ACWI, AIRR: Big ETF OutflowsACWI, AIRR: Big ETF Outflows
Related symbols: ACWI,AIRR,AAPL,MSFT,DY,AYI
VTI, CHAU: Big ETF InflowsVTI, CHAU: Big ETF Inflows
Related symbols: VTI,CHAU,ESND,ASHR,PEK
Thursday's ETF with Unusual Volume: DGRWThursday's ETF with Unusual Volume: DGRW
Related symbols: DGRW,CMCSA,AAPL,BIG,WU
Daily Dividend Report: SSS, PNC, RPM, WST, MWDaily Dividend Report: SSS, PNC, RPM, WST, MW
Related symbols: SSS,PNC,RPM,WST,MW
Daily Dividend Report: GIS, STZ, MKC, AFG, WSODaily Dividend Report: GIS, STZ, MKC, AFG, WSO
Related symbols: GIS,STZ,MKC,AFG,WSO
Daily Dividend Report: FCH, ADK, TKDaily Dividend Report: FCH, ADK, TK
Related symbols: FCH,ADK,TK
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: July 2, 2015Weekly Market Wrap: July 2, 2015
Related symbols: BAC,AMD,VALE,MU
Weekly Market Wrap: June 26, 2015Weekly Market Wrap: June 26, 2015
Related symbols: MU,INTC,BAC,LMT,CPB
Weekly Market Wrap: June 19, 2015Weekly Market Wrap: June 19, 2015
Related symbols: BAC,AAPL,GE,MSFT,GE
Week Ahead Market Report: June 8, 2015Week Ahead Market Report: June 8, 2015
Related symbols: BAC,FTR,AAPL,INTC,MNKD
Week Ahead Market Report: May 18, 2015Week Ahead Market Report: May 18, 2015
Related symbols: BAC,AAPL,VALE,T
Week Ahead Market Report: May 4, 2015Week Ahead Market Report: May 4, 2015
Related symbols: BAC,AAPL,MSFT,ICLD,NOK
All videos » |  Stock market definitions »
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Portfolio Channel Stock Market Definitions
MNV

Ares Announces $320 million IPO of Ares Dynamic Credit Allocation Fund | Market News Video | Copyright © 2008 - 2015, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.