ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

SIT INVESTMENT ASSOCIATES INC's Holding History (CIK: 0000769317)

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

Q4 2014

Shares 498,933 Value ($000) $7,786 Avg Close $5.49 Range $5.03 - $5.64

Q3 2014

Shares 1,189,150 Value ($000) $19,217 Avg Close $5.68 Range $5.43 - $6.00

Q2 2014

Shares 904,850 Value ($000) $16,161 Avg Close $5.65 Range $5.39 - $6.00

Q1 2014

Shares 1,124,050 Value ($000) $19,806 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 1,044,800 Value ($000) $18,566 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 846,100 Value ($000) $14,629 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 367,500 Value ($000) $6,321 Avg Close $5.23 Range $4.93 - $5.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	498,933	$7,786	$5.49	$5.03 - $5.64
Q3 2014	1,189,150	$19,217	$5.68	$5.43 - $6.00
Q2 2014	904,850	$16,161	$5.65	$5.39 - $6.00
Q1 2014	1,124,050	$19,806	$5.73	$5.59 - $5.95
Q4 2013	1,044,800	$18,566	$5.52	$5.29 - $5.75
Q3 2013	846,100	$14,629	$5.37	$5.17 - $5.58
Q2 2013	367,500	$6,321	$5.23	$4.93 - $5.49