ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

TEACHER RETIREMENT SYSTEM OF TEXAS's Holding History (CIK: 0000796848)

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

Q1 2014

Shares 11,000 Value ($000) $194 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 10,015 Value ($000) $178 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 34,234 Value ($000) $592 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 18,066 Value ($000) $311 Avg Close $5.23 Range $4.93 - $5.49

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	11,000	$194	$5.73	$5.59 - $5.95
Q4 2013	10,015	$178	$5.52	$5.29 - $5.75
Q3 2013	34,234	$592	$5.37	$5.17 - $5.58
Q2 2013	18,066	$311	$5.23	$4.93 - $5.49