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ARES ARES CAPITAL CORPORATION ARES CAPITAL CORPORATION ANNOUNCES JUNE 30 , 2021 FINANCIAL RESULTS AND DECLARES THIRD QUARTER 2021 DIVIDEND OF $ 0.41 PER SHARE Exhibit 99.1 DIVIDEND DECLARATIONS New York , NY - July 28 , 2021 — Ares Capital Corporation ( " Ares Capital " ) ( NASDAQ : ARCC ) announced that its Board of Directors has declared a third quarter dividend of $ 0.41 per share , an increase of $ 0.01 per share over the prior quarter dividend . The third quarter dividend is payable on September 30 , 2021 to stockholders of record as of September 15 , 2021 . JUNE 30 , 2021 FINANCIAL RESULTS Ares Capital also announced financial results for its second quarter ended June 30 , 2021 . OPERATING RESULTS ( dollar amounts in millions , except per share data ) Core EPS ( 3 ) GAAP net income per share Net investment income Net realized gains Net unrealized gains GAAP net income 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 ) Q2-21 ( ¹ ) Q2-20 ( ¹ ) Total Amount Per Share ( 2 ) Total Amount Per Share ( 2 ) $ 0.53 $ 0.39 $ $ $ $ $ SASASASSA 1.09 171 $ 0.39 $ 59 $ 0.14 $ 248 $ 0.56 $ 478 $ 1.09 SSSS 165 $ 8 $ 104 $ 277 $ $ 0.40 SSSSSASA $ 0.65 0.39 0.02 0.24 0.65 $ 0.40 As of June 30 , 2021 December 31 , 2020 $ $ $ SASAASA SA 17,136 18,026 $ $ 15,515 16,196 8,078 $ 7,176 $ 18.16 $ 16.97 1.16x 1.20x Net income can vary substantially from period to period due to various factors , including the level of new investment commitments , the recognition of realized gains and losses and unrealized appreciation and depreciation . As a result , quarterly comparisons of net income may not be meaningful . ( 2 ) All per share amounts are basic and diluted . ( 3 ) 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