ARES MANAGEMENT CORPORATION

Ticker: ARES CUSIP: 03990B101 Class: CL A COM STK

MACKAY SHIELDS LLC's Holding History (CIK: 0000061227)

Note: Option positions (PUT/CALL) are excluded.

Q2 2020

Shares 14,000 Value ($000) $556 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 84,500 Value ($000) $2,613 Avg Close $28.96 Range $16.91 - $34.62

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2020	14,000	$556	$29.64	$23.86 - $34.59
Q1 2020	84,500	$2,613	$28.96	$16.91 - $34.62