---
schema_version: "secwatch.filing_event.v1"
accession: "0001287750-22-000050"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2022-10-25T23:59:59+00:00"
generated_at: "2026-06-23T01:11:55.958955+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ares Capital reports Q3 core EPS $0.50, raises dividend to $0.48; appoints new Co-President

## Summary
- Q3 core EPS $0.50 vs $0.47 YoY; net investment income $288M vs $184M; GAAP net income $0.21/sh.
- Regular quarterly dividend raised 12% to $0.48/share, payable Dec. 29 to holders of record Dec. 15.
- Additional $0.03/sh dividend declared earlier remains subject to Maryland law requirements.
- Portfolio investments at fair value $21.3B; floating-rate securities 73%; weighted average yield on debt 10.8%.
- Kort Schnabel appointed Co-President; Michael Smith stepped down as Co-President and joined Board.

## SEC filing metadata
- accession: 0001287750-22-000050
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2022-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287750/000128775022000050/0001287750-22-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000128775022000050/arcc-20221025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001287750-22-000050
- JSON: https://secwatch.observer/filing/0001287750-22-000050.json
- Plain text: https://secwatch.observer/filing/0001287750-22-000050.txt

## Key facts
- Executive change
  Kort Schnabel was appointed as Co-President at ARES CAPITAL CORP.
  - Action: appointed
  - Role: Co-President
  source text: Effective October 20, 2022, the board of directors (the “Board”) of the registrant appointed Kort Schnabel, 45, as Co-President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000128775022000050/0001287750-22-000050-index.htm
- Executive change
  Michael L. Smith was appointed as Director at ARES CAPITAL CORP.
  - Action: appointed
  - Role: Director
  source text: the Board increased the size of the Board from ten to 11 members and appointed Michael L. Smith as an interested Class III director to fill the vacancy created by such increase.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000128775022000050/0001287750-22-000050-index.htm
- Executive change
  Michael L. Smith departed as Co-President at ARES CAPITAL CORP.
  - Action: stepped down
  - Role: Co-President
  source text: Concurrently, Michael L. Smith stepped down as Co-President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000128775022000050/0001287750-22-000050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.