Ares Capital Q1 GAAP EPS $0.36, down from $0.76; CEO transition; $0.48 dividend

ARES CAPITAL CORP

2025-Q1 EPS reported $0.36

GAAP net income per share $0.36, down 53% from $0.76 in Q1-24; Core EPS $0.50 vs $0.59.
Q2 2025 dividend $0.48 per share declared, payable June 30, 2025 to holders of record June 13, 2025 (unchanged).
CEO Kipp deVeer steps down effective April 30, 2025; Kort Schnabel named successor as CEO.
Portfolio investments at fair value $27.13B; NII $365M up from $325M; net assets per share $19.82.
Issued $1.0B 5.800% unsecured notes due 2032; amended credit facility increased to $5.283B.

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