ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q4 2016

Shares 32,809 Value ($000) $541 Avg Close $6.62 Range $6.28 - $7.14

Q2 2014

Shares 95,600 Value ($000) $1,707 Avg Close $5.65 Range $5.39 - $6.00

Q3 2013

Shares 528,468 Value ($000) $9,138 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 341,598 Value ($000) $5,875 Avg Close $5.23 Range $4.93 - $5.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	32,809	$541	$6.62	$6.28 - $7.14
Q2 2014	95,600	$1,707	$5.65	$5.39 - $6.00
Q3 2013	528,468	$9,138	$5.37	$5.17 - $5.58
Q2 2013	341,598	$5,875	$5.23	$4.93 - $5.49