ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM's Holding History (CIK: 0000938076)

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

Q2 2014

Shares 144,180 Value ($000) $2,575 Avg Close $5.65 Range $5.39 - $6.00

Q1 2014

Shares 364,307 Value ($000) $6,419 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 374,458 Value ($000) $6,654 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 373,525 Value ($000) $6,458 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 357,739 Value ($000) $6,153 Avg Close $5.23 Range $4.93 - $5.49

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	144,180	$2,575	$5.65	$5.39 - $6.00
Q1 2014	364,307	$6,419	$5.73	$5.59 - $5.95
Q4 2013	374,458	$6,654	$5.52	$5.29 - $5.75
Q3 2013	373,525	$6,458	$5.37	$5.17 - $5.58
Q2 2013	357,739	$6,153	$5.23	$4.93 - $5.49