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Ares Capital Corporation Announces Tax Reporting Information for Calendar Year 2023
NEW YORK, NY / ACCESSWIRE / January 31, 2024 / Ares Capital Corporation ("Ares Capital" or the "Company") (NASDAQ:ARCC) announced today the tax treatment of
About this update from Ares Capital Corporation
[{"type":"text","content":"NEW YORK, NY / ACCESSWIRE / January 31, 2024 / Ares Capital Corporation (\"Ares Capital\" or the \"Company\") (NASDAQ:ARCC) announced today the tax treatment of the Company's 2023 common stock distributions (CUSIP #: 04010L103).Record DatePayable DateTotal Paid Per ShareOrdinary Income Per ShareLong Term Capital Gains per Share (2)Interest - Related Dividends (3) Ordinary Rate20% Rate (1) 3/15/20233/31/2023$0.4800$0.47257$0.00743$0.000076.8425% 6/15/20236/30/2023$0.4800$ 0.47257$0. 00743$0.000076.8425% 9/15/20239/29/2023$0.4800$0.47257$0. 00743$0.000076.8425% 12/15/202312/28/2023$0.4800$. 0.46847$0. 00736$0.0041790.9876% $1. 9200$1.88618$0.02965$0.00417 % of Total Dividends Paid Per Share100.0000%98.238542%1.544270%.217188% 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. Stockholders should consult their tax advisor for tax guidance pertinent to specific facts and circumstances.ABOUT ARES CAPITAL CORPORATIONFounded in 2004, Ares Capital is a leading specialty finance company focused on providing direct loans and other investments in private middle market companies in the United States. Ares Capital's objective is to source and invest in high-quality borrowers that need capital to achieve their business goals, which often leads to economic growth and employment. Ares Capital believes its loans and other investments in these companies can generate attractive levels of current income and potential capital appreciation for investors. Ares Capital, through its investment manager, utilizes its extensive, direct origination capabilities and incumbent borrower relationships to source and underwrite predominantly senio...