ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

BANK OF MONTREAL /CAN/'s Holding History (CIK: 0000927971)

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

Q4 2025

Shares 11,674 Value ($000) $236 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 167,756 Value ($000) $3,424 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 168,495 Value ($000) $3,700 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 16,982 Value ($000) $376 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 15,586 Value ($000) $341 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 18,911 Value ($000) $395 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 20,510 Value ($000) $441 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 14,678 Value ($000) $306 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 41,301 Value ($000) $829 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 46,792 Value ($000) $905 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 54,352 Value ($000) $1,038 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 55,301 Value ($000) $1,084 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 55,538 Value ($000) $1,041 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 62,722 Value ($000) $1,205 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 51,635 Value ($000) $955 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 95,652 Value ($000) $1,998 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 88,984 Value ($000) $1,866 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 52,084 Value ($000) $1,064 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 44,640 Value ($000) $874 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 41,056 Value ($000) $791 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 50,659 Value ($000) $859 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 41,811 Value ($000) $591 Avg Close $8.55 Range $8.07 - $9.08

Q2 2020

Shares 42,578 Value ($000) $587 Avg Close $7.90 Range $5.17 - $9.48

Q1 2020

Shares 1,862,603 Value ($000) $17,975 Avg Close $9.57 Range $4.60 - $10.93

Q4 2019

Shares 1,834,673 Value ($000) $34,216 Avg Close $10.31 Range $9.90 - $10.59

Q3 2019

Shares 1,833,923 Value ($000) $34,175 Avg Close $10.07 Range $9.69 - $10.53

Q2 2019

Shares 1,829,288 Value ($000) $32,818 Avg Close $9.39 Range $9.08 - $9.82

Q1 2019

Shares 1,775,334 Value ($000) $30,429 Avg Close $8.68 Range $7.88 - $9.11

Q4 2018

Shares 2,534,063 Value ($000) $39,481 Avg Close $8.36 Range $7.47 - $8.87

Q3 2018

Shares 3,159,403 Value ($000) $54,310 Avg Close $8.47 Range $8.03 - $8.77

Q2 2018

Shares 3,159,231 Value ($000) $51,969 Avg Close $7.94 Range $7.42 - $8.28

Q1 2018

Shares 3,170,212 Value ($000) $50,311 Avg Close $7.48 Range $7.06 - $7.79

Q4 2017

Shares 3,820,443 Value ($000) $60,058 Avg Close $7.48 Range $7.21 - $7.65

Q3 2017

Shares 3,871,581 Value ($000) $63,455 Avg Close $7.28 Range $7.04 - $7.54

Q2 2017

Shares 3,424,228 Value ($000) $56,088 Avg Close $7.41 Range $7.10 - $7.75

Q1 2017

Shares 3,431,407 Value ($000) $59,637 Avg Close $7.44 Range $6.98 - $7.70

Q4 2016

Shares 2,553,572 Value ($000) $40,960 Avg Close $6.62 Range $6.28 - $7.14

Q3 2016

Shares 3,441,707 Value ($000) $53,346 Avg Close $6.30 Range $5.66 - $6.71

Q2 2016

Shares 3,203,546 Value ($000) $45,490 Avg Close $5.94 Range $5.67 - $6.15

Q1 2016

Shares 2,483,424 Value ($000) $36,854 Avg Close $5.37 Range $4.77 - $5.91

Q4 2015

Shares 1,479,190 Value ($000) $21,079 Avg Close $5.76 Range $5.23 - $6.03

Q3 2015

Shares 1,071,329 Value ($000) $15,512 Avg Close $5.81 Range $4.05 - $6.14

Q2 2015

Shares 1,430,227 Value ($000) $23,541 Avg Close $6.04 Range $5.73 - $6.25

Q1 2015

Shares 2,267,618 Value ($000) $38,935 Avg Close $5.89 Range $5.44 - $6.24

Q4 2014

Shares 57,689 Value ($000) $900 Avg Close $5.49 Range $5.03 - $5.64

Q3 2014

Shares 55,427 Value ($000) $896 Avg Close $5.68 Range $5.43 - $6.00

Q2 2014

Shares 66,741 Value ($000) $1,191 Avg Close $5.65 Range $5.39 - $6.00

Q1 2014

Shares 78,792 Value ($000) $1,388 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 66,381 Value ($000) $1,179 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 60,365 Value ($000) $1,044 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 62,628 Value ($000) $1,076 Avg Close $5.23 Range $4.93 - $5.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	11,674	$236	$19.79	$18.36 - $20.64
Q3 2025	167,756	$3,424	$21.33	$19.60 - $22.39
Q2 2025	168,495	$3,700	$19.97	$17.08 - $21.13
Q1 2025	16,982	$376	$20.85	$19.58 - $21.80
Q4 2024	15,586	$341	$19.38	$18.52 - $20.24
Q3 2024	18,911	$395	$18.23	$16.88 - $18.78
Q2 2024	20,510	$441	$17.90	$17.19 - $18.65
Q1 2024	14,678	$306	$16.97	$16.50 - $17.82
Q4 2023	41,301	$829	$15.96	$15.11 - $16.83
Q3 2023	46,792	$905	$15.48	$14.81 - $16.12
Q2 2023	54,352	$1,038	$14.38	$13.58 - $15.16
Q1 2023	55,301	$1,084	$14.33	$12.98 - $15.20
Q4 2022	55,538	$1,041	$13.85	$12.13 - $14.57
Q3 2022	62,722	$1,205	$13.92	$12.26 - $14.87
Q2 2022	51,635	$955	$13.84	$12.20 - $15.83
Q1 2022	95,652	$1,998	$14.63	$13.59 - $15.72
Q4 2021	88,984	$1,866	$13.96	$13.29 - $14.62
Q3 2021	52,084	$1,064	$13.21	$12.76 - $13.85
Q2 2021	44,640	$874	$12.51	$11.72 - $13.01
Q1 2021	41,056	$791	$11.38	$10.33 - $12.22
Q4 2020	50,659	$859	$9.58	$8.32 - $10.75
Q3 2020	41,811	$591	$8.55	$8.07 - $9.08
Q2 2020	42,578	$587	$7.90	$5.17 - $9.48
Q1 2020	1,862,603	$17,975	$9.57	$4.60 - $10.93
Q4 2019	1,834,673	$34,216	$10.31	$9.90 - $10.59
Q3 2019	1,833,923	$34,175	$10.07	$9.69 - $10.53
Q2 2019	1,829,288	$32,818	$9.39	$9.08 - $9.82
Q1 2019	1,775,334	$30,429	$8.68	$7.88 - $9.11
Q4 2018	2,534,063	$39,481	$8.36	$7.47 - $8.87
Q3 2018	3,159,403	$54,310	$8.47	$8.03 - $8.77
Q2 2018	3,159,231	$51,969	$7.94	$7.42 - $8.28
Q1 2018	3,170,212	$50,311	$7.48	$7.06 - $7.79
Q4 2017	3,820,443	$60,058	$7.48	$7.21 - $7.65
Q3 2017	3,871,581	$63,455	$7.28	$7.04 - $7.54
Q2 2017	3,424,228	$56,088	$7.41	$7.10 - $7.75
Q1 2017	3,431,407	$59,637	$7.44	$6.98 - $7.70
Q4 2016	2,553,572	$40,960	$6.62	$6.28 - $7.14
Q3 2016	3,441,707	$53,346	$6.30	$5.66 - $6.71
Q2 2016	3,203,546	$45,490	$5.94	$5.67 - $6.15
Q1 2016	2,483,424	$36,854	$5.37	$4.77 - $5.91
Q4 2015	1,479,190	$21,079	$5.76	$5.23 - $6.03
Q3 2015	1,071,329	$15,512	$5.81	$4.05 - $6.14
Q2 2015	1,430,227	$23,541	$6.04	$5.73 - $6.25
Q1 2015	2,267,618	$38,935	$5.89	$5.44 - $6.24
Q4 2014	57,689	$900	$5.49	$5.03 - $5.64
Q3 2014	55,427	$896	$5.68	$5.43 - $6.00
Q2 2014	66,741	$1,191	$5.65	$5.39 - $6.00
Q1 2014	78,792	$1,388	$5.73	$5.59 - $5.95
Q4 2013	66,381	$1,179	$5.52	$5.29 - $5.75
Q3 2013	60,365	$1,044	$5.37	$5.17 - $5.58
Q2 2013	62,628	$1,076	$5.23	$4.93 - $5.49