Ares Capital Corporation has disclosed the breakdown of its 2025 common stock distributions into ordinary income and qualified dividend components. Each quarterly distribution of $0.48 per share consists of approximately $0.339128 classified as ordinary income and $0.140872 eligible for the 20% qualified dividend rate. Cumulatively, shareholders will receive $1.92 per share in distributions for the year, of which 70.6517% is ordinary income and 29.3483% qualifies for the lower dividend rate under IRC section 854(b). No portion of the distributions is designated as long‐term capital gain, and interest-related dividends are reported at 0% of the total paid.

Across four payment dates—March 31, June 30, September 30 and December 30—the ordinary income component remains steady at $0.339128 per share, representing between 84.75% and 85.64% of each payout. The qualified dividend portion also stays consistent at $0.140872 per share. These distributions are designated as eligible for the dividends received deduction available to certain U.S. corporations, while none qualify as capital gain dividends under IRC sections 852(b)(3) and 854(a). The stable ratio of ordinary to qualified income provides investors with clear planning parameters for tax liabilities throughout the calendar year.

Founded in 2004, Ares Capital is the largest publicly traded business development company by market capitalization as of December 31, 2025. Through its external manager, a subsidiary of Ares Management Corporation, it focuses on providing senior secured loans, subordinated debt and equity investments to U.S. middle-market companies. Ares Capital’s strategy of direct origination and incumbent borrower relationships aims to generate attractive current income and potential capital appreciation. The firm’s specialty finance model underscores its role in supporting private companies’ growth and job creation while delivering predictable cash flows to shareholders.