ARCC

Over the past six months, Ares Capital Corporation priced a public offering of $750 million in 6.250% unsecured notes due 2033 on September 8, 2026, following an $800 million offering on May 4, 2026. The company announced its June 30, 2026, financial results on July 29, 2026, and declared a third-quarter 2026 dividend of $0.48 per share, with second-quarter 2026 results showing GAAP total investment income of $768 million and GAAP net income of $171 million ($0.24 per share), and Non-GAAP Core EPS at $0.47 per share. On June 8, 2026, Ares Capital Corporation announced an inaugural $1 billion commercial paper program. As of June 30, 2026, loans on non-accrual status increased to 2.4% of total investments at amortized cost (1.4% at fair value), up from 1.8% (1.2% at fair value) as of December 31, 2025, which was noted as a factor in a brief sell-off after Q2 earnings. Market sentiment was also influenced by private-credit fears in February 2026 and changing funding conditions keeping established business development companies in focus in September 2026. As of September 16, 2026, the share price was $19.38, representing an 8.11% decline from $21.09 on September 17, 2025, and on September 23, 2026, ARCC shares ended at $19.15, trailing the S&P 500.