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EX - 99.1 2 arccq1-21 exhibit991.htm EX - 99.1 Exhibit 99.1 ARES ARES CAPITAL CORPORATION ARES CAPITAL CORPORATION ANNOUNCES MARCH 31 , 2021 FINANCIAL RESULTS AND DECLARES SECOND QUARTER 2021 DIVIDEND OF $ 0.40 PER SHARE DIVIDEND DECLARATIONS New York , NY - April 28 , 2021 - Ares Capital Corporation ( " Ares Capital " ) ( NASDAQ : ARCC ) announced that its Board of Directors has declared a second quarter dividend of $ 0.40 per share . The second quarter dividend is payable on June 30 , 2021 to stockholders of record as of June 15 , 2021 . MARCH 31 , 2021 FINANCIAL RESULTS Ares Capital also announced financial results for its first quarter ended March 31 , 2021 . HIGHLIGHTS Financial ( dollar amounts in millions , except per share data ) Core EPS ( 2 ) GAAP net income ( loss ) per share Net investment income Net realized gains Net unrealized gains ( losses ) GAAP net income ( loss ) Dividends declared and payable ( dollar amounts in millions , except per share data ) Portfolio investments at fair value Total assets Stockholders ' equity Net assets per share Debt / equity ratio ( 1 ) All per share amounts are basic and diluted . ( 2 ) Q1-21 Q1-20 Total Amount Per Share ( 1 ) Total Amount $ 0.43 Per Share ( 1 ) $ 0.41 $ 0.87 $ ( 1.42 ) $ 144 $ 0.33 234 $ 0.54 $ 16 $ 0.04 34 $ 0.08 $ 213 $ 0.50 $ ( 880 ) $ ( 2.04 ) $ 373 $ 0.87 ( 612 ) $ ( 1.42 ) $ 0.40 $ 0.40 As of March 31 , 2021 December 31 , 2020 March 31 , 2020 15,429 15,515 $ 14,370 16,021 16,196 $ 15,806 7,632 $ 7,176 $ 6,583 17.45 $ 1.06x 16.97 $ 15.58 1.20x 1.26x SSSS Basic and diluted Core EPS is a non - GAAP financial measure . Core EPS is the net per share increase ( decrease ) in stockholders ' equity resulting from operations less net realized and unrealized gains and losses , any capital gains incentive fees attributable to such net realized and unrealized gains and losses and any income taxes related to such net realized gains and losses . Basic and diluted GAAP net income ( loss ) per share is the most directly comparable GAAP financial measure . Ares Capital believes that Core EPS provides useful information to investors regarding financial performance because it is one method Ares Capital uses to measure its financial condition and results of operations . The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP . Reconciliations of basic and diluted Core EPS to the most directly comparable GAAP financial measure are set forth in Schedule 1 hereto . 1