Form 4 Filing by Ares Dynamic Credit Allocation Fund, Inc.

Thrivent Financial for Lutherans, a 10% owner of Ares Dynamic Credit Allocation Fund, Inc. (ARDC), reported transactions on September 14-15, 2026. The company redeemed 360,000 Series B Mandatory Redeemable Preferred Shares at $25.00 per share on September 15, 2026, resulting in 0 shares held. On September 14, 2026, Thrivent acquired 240,000 Series E Mandatory Redeemable Preferred Shares at $25.00 per share, bringing their total holdings to 240,000 shares. Following these transactions, Thrivent holds 400,000 Series C and 160,000 Series D Mandatory Redeemable Preferred Shares, both directly owned.