ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

DEUTSCHE BANK AG\'s Holding History (CIK: 0000948046)

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

Q4 2025

Shares 15,352 Value ($000) $311 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 15,372 Value ($000) $314 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 15,363 Value ($000) $337 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 15,340 Value ($000) $340 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 17,228 Value ($000) $377 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 18,300 Value ($000) $383 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 20,600 Value ($000) $429 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 22,929 Value ($000) $477 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 21,967 Value ($000) $440 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 26,875 Value ($000) $523 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 27,716 Value ($000) $521 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 28,129 Value ($000) $514 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 27,681 Value ($000) $511 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 28,483 Value ($000) $481 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 30,265 Value ($000) $541 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 41,190 Value ($000) $863 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 141,910 Value ($000) $3,007 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 51,099 Value ($000) $1,038 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 75,542 Value ($000) $1,479 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 85,646 Value ($000) $1,603 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 104,626 Value ($000) $1,767 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 814,854 Value ($000) $11,367 Avg Close $8.55 Range $8.07 - $9.08

Q2 2020

Shares 1,211,566 Value ($000) $17,506 Avg Close $7.90 Range $5.17 - $9.48

Q1 2020

Shares 1,475,947 Value ($000) $15,910 Avg Close $9.57 Range $4.60 - $10.93

Q4 2019

Shares 1,528,440 Value ($000) $28,500 Avg Close $10.31 Range $9.90 - $10.59

Q3 2019

Shares 1,623,769 Value ($000) $30,253 Avg Close $10.07 Range $9.69 - $10.53

Q2 2019

Shares 1,625,935 Value ($000) $29,164 Avg Close $9.39 Range $9.08 - $9.82

Q1 2019

Shares 2,564,934 Value ($000) $43,958 Avg Close $8.68 Range $7.88 - $9.11

Q4 2018

Shares 1,359,719 Value ($000) $21,179 Avg Close $8.36 Range $7.47 - $8.87

Q3 2018

Shares 1,726,986 Value ($000) $29,681 Avg Close $8.47 Range $8.03 - $8.77

Q2 2018

Shares 4,013,817 Value ($000) $66,023 Avg Close $7.94 Range $7.42 - $8.28

Q1 2018

Shares 3,432,274 Value ($000) $54,466 Avg Close $7.48 Range $7.06 - $7.79

Q4 2017

Shares 2,391,379 Value ($000) $37,589 Avg Close $7.48 Range $7.21 - $7.65

Q3 2017

Shares 1,543,437 Value ($000) $25,292 Avg Close $7.28 Range $7.04 - $7.54

Q2 2017

Shares 1,922,885 Value ($000) $31,492 Avg Close $7.41 Range $7.10 - $7.75

Q1 2017

Shares 1,653,780 Value ($000) $28,740 Avg Close $7.44 Range $6.98 - $7.70

Q4 2016

Shares 1,289,380 Value ($000) $21,258 Avg Close $6.62 Range $6.28 - $7.14

Q3 2016

Shares 607,743 Value ($000) $9,418 Avg Close $6.30 Range $5.66 - $6.71

Q2 2016

Shares 803,413 Value ($000) $11,407 Avg Close $5.94 Range $5.67 - $6.15

Q1 2016

Shares 656,566 Value ($000) $9,742 Avg Close $5.37 Range $4.77 - $5.91

Q4 2015

Shares 870,498 Value ($000) $12,403 Avg Close $5.76 Range $5.23 - $6.03

Q3 2015

Shares 996,909 Value ($000) $14,432 Avg Close $5.81 Range $4.05 - $6.14

Q2 2015

Shares 1,080,366 Value ($000) $17,781 Avg Close $6.04 Range $5.73 - $6.25

Q1 2015

Shares 782,253 Value ($000) $13,429 Avg Close $5.89 Range $5.44 - $6.24

Q4 2014

Shares 1,270,622 Value ($000) $19,826 Avg Close $5.49 Range $5.03 - $5.64

Q3 2014

Shares 834,589 Value ($000) $13,484 Avg Close $5.68 Range $5.43 - $6.00

Q2 2014

Shares 1,365,528 Value ($000) $24,386 Avg Close $5.65 Range $5.39 - $6.00

Q1 2014

Shares 1,146,608 Value ($000) $20,202 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 1,224,478 Value ($000) $21,758 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 1,106,605 Value ($000) $19,131 Avg Close $5.37 Range $5.17 - $5.58

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	15,352	$311	$19.79	$18.36 - $20.64
Q3 2025	15,372	$314	$21.33	$19.60 - $22.39
Q2 2025	15,363	$337	$19.97	$17.08 - $21.13
Q1 2025	15,340	$340	$20.85	$19.58 - $21.80
Q4 2024	17,228	$377	$19.38	$18.52 - $20.24
Q3 2024	18,300	$383	$18.23	$16.88 - $18.78
Q2 2024	20,600	$429	$17.90	$17.19 - $18.65
Q1 2024	22,929	$477	$16.97	$16.50 - $17.82
Q4 2023	21,967	$440	$15.96	$15.11 - $16.83
Q3 2023	26,875	$523	$15.48	$14.81 - $16.12
Q2 2023	27,716	$521	$14.38	$13.58 - $15.16
Q1 2023	28,129	$514	$14.33	$12.98 - $15.20
Q4 2022	27,681	$511	$13.85	$12.13 - $14.57
Q3 2022	28,483	$481	$13.92	$12.26 - $14.87
Q2 2022	30,265	$541	$13.84	$12.20 - $15.83
Q1 2022	41,190	$863	$14.63	$13.59 - $15.72
Q4 2021	141,910	$3,007	$13.96	$13.29 - $14.62
Q3 2021	51,099	$1,038	$13.21	$12.76 - $13.85
Q2 2021	75,542	$1,479	$12.51	$11.72 - $13.01
Q1 2021	85,646	$1,603	$11.38	$10.33 - $12.22
Q4 2020	104,626	$1,767	$9.58	$8.32 - $10.75
Q3 2020	814,854	$11,367	$8.55	$8.07 - $9.08
Q2 2020	1,211,566	$17,506	$7.90	$5.17 - $9.48
Q1 2020	1,475,947	$15,910	$9.57	$4.60 - $10.93
Q4 2019	1,528,440	$28,500	$10.31	$9.90 - $10.59
Q3 2019	1,623,769	$30,253	$10.07	$9.69 - $10.53
Q2 2019	1,625,935	$29,164	$9.39	$9.08 - $9.82
Q1 2019	2,564,934	$43,958	$8.68	$7.88 - $9.11
Q4 2018	1,359,719	$21,179	$8.36	$7.47 - $8.87
Q3 2018	1,726,986	$29,681	$8.47	$8.03 - $8.77
Q2 2018	4,013,817	$66,023	$7.94	$7.42 - $8.28
Q1 2018	3,432,274	$54,466	$7.48	$7.06 - $7.79
Q4 2017	2,391,379	$37,589	$7.48	$7.21 - $7.65
Q3 2017	1,543,437	$25,292	$7.28	$7.04 - $7.54
Q2 2017	1,922,885	$31,492	$7.41	$7.10 - $7.75
Q1 2017	1,653,780	$28,740	$7.44	$6.98 - $7.70
Q4 2016	1,289,380	$21,258	$6.62	$6.28 - $7.14
Q3 2016	607,743	$9,418	$6.30	$5.66 - $6.71
Q2 2016	803,413	$11,407	$5.94	$5.67 - $6.15
Q1 2016	656,566	$9,742	$5.37	$4.77 - $5.91
Q4 2015	870,498	$12,403	$5.76	$5.23 - $6.03
Q3 2015	996,909	$14,432	$5.81	$4.05 - $6.14
Q2 2015	1,080,366	$17,781	$6.04	$5.73 - $6.25
Q1 2015	782,253	$13,429	$5.89	$5.44 - $6.24
Q4 2014	1,270,622	$19,826	$5.49	$5.03 - $5.64
Q3 2014	834,589	$13,484	$5.68	$5.43 - $6.00
Q2 2014	1,365,528	$24,386	$5.65	$5.39 - $6.00
Q1 2014	1,146,608	$20,202	$5.73	$5.59 - $5.95
Q4 2013	1,224,478	$21,758	$5.52	$5.29 - $5.75
Q3 2013	1,106,605	$19,131	$5.37	$5.17 - $5.58