secwatch.observer — SEC 8-K summary
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Issuer:     ARES CAPITAL CORP (ARCC)
CIK:        0001287750
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001287750-22-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287750/000128775022000050/0001287750-22-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287750/000128775022000050/arcc-20221025.htm
  HTML page:      https://secwatch.observer/filing/0001287750-22-000050

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