Ares Capital Corporation Announces Pricing of $1 Billion 5.800% Unsecured Notes Due 2032
Ares Capital Corporation, a leading finance company, has recently announced its financial results for the fourth quarter of 2021. The company reported a net income of $433 million for the quarter, which translates to a net investment income per share of $1.19. This marks an increase from the previous quarter, showcasing the company’s strong performance.
Ares Capital’s total investments at fair value also saw a significant rise, reaching $16.6 billion by the end of the quarter. The company continues to focus on high-quality investments and maintaining a diversified portfolio to mitigate risks.
Additionally, Ares Capital declared a quarterly dividend of $0.42 per share, reflecting its commitment to providing returns to its shareholders. This dividend will be payable on March 31, 2022, to shareholders of record as of March 15, 2022.
Moreover, Ares Capital has been proactive in managing its liquidity and capital structure. The company successfully issued $600 million of unsecured notes during the quarter, further strengthening its financial position.
In conclusion, Ares Capital Corporation has delivered strong financial results for the fourth quarter of 2021, showcasing its resilience and strategic focus. Investors should closely monitor the company’s performance and consider these recent developments when making investment decisions.
