ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM's Holding History (CIK: 0001081019)

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

Q2 2014

Shares 11,900 Value ($000) $213 Avg Close $5.65 Range $5.39 - $6.00

Q1 2014

Shares 537,593 Value ($000) $9,472 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 535,093 Value ($000) $9,509 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 481,993 Value ($000) $8,334 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 467,085 Value ($000) $8,034 Avg Close $5.23 Range $4.93 - $5.49

Q1 2013

Shares 431,206 Value ($000) $7,805 Avg Close $5.29 Range $5.10 - $5.47

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	11,900	$213	$5.65	$5.39 - $6.00
Q1 2014	537,593	$9,472	$5.73	$5.59 - $5.95
Q4 2013	535,093	$9,509	$5.52	$5.29 - $5.75
Q3 2013	481,993	$8,334	$5.37	$5.17 - $5.58
Q2 2013	467,085	$8,034	$5.23	$4.93 - $5.49
Q1 2013	431,206	$7,805	$5.29	$5.10 - $5.47