ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

Janney Montgomery Scott LLC's Holding History (CIK: 0001329948)

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

Q4 2025

Shares 1,198,926 Value ($000) $24 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 1,157,808 Value ($000) $24 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 944,376 Value ($000) $21 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 932,170 Value ($000) $21 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 805,214 Value ($000) $18 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 761,834 Value ($000) $16 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 864,640 Value ($000) $18 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 919,639 Value ($000) $19 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 832,194 Value ($000) $17 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 851,426 Value ($000) $17 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 808,957 Value ($000) $15 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 807,681 Value ($000) $15 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 746,564 Value ($000) $14 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 724,873 Value ($000) $12,236 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 669,249 Value ($000) $12,093 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 664,025 Value ($000) $13,911 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 475,266 Value ($000) $10,071 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 299,012 Value ($000) $6,079 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 188,819 Value ($000) $3,699 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 193,301 Value ($000) $3,617 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 192,761 Value ($000) $3,256 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 180,001 Value ($000) $2,511 Avg Close $8.55 Range $8.07 - $9.08

Q2 2020

Shares 178,525 Value ($000) $2,580 Avg Close $7.90 Range $5.17 - $9.48

Q1 2020

Shares 209,738 Value ($000) $2,261 Avg Close $9.57 Range $4.60 - $10.93

Q4 2019

Shares 213,779 Value ($000) $3,987 Avg Close $10.31 Range $9.90 - $10.59

Q3 2019

Shares 208,451 Value ($000) $3,884 Avg Close $10.07 Range $9.69 - $10.53

Q2 2019

Shares 210,553 Value ($000) $3,777 Avg Close $9.39 Range $9.08 - $9.82

Q1 2019

Shares 210,909 Value ($000) $3,615 Avg Close $8.68 Range $7.88 - $9.11

Q4 2018

Shares 226,132 Value ($000) $3,523 Avg Close $8.36 Range $7.47 - $8.87

Q3 2018

Shares 228,127 Value ($000) $3,922 Avg Close $8.47 Range $8.03 - $8.77

Q2 2018

Shares 203,267 Value ($000) $3,344 Avg Close $7.94 Range $7.42 - $8.28

Q1 2018

Shares 204,808 Value ($000) $3,250 Avg Close $7.48 Range $7.06 - $7.79

Q4 2017

Shares 212,174 Value ($000) $3,335 Avg Close $7.48 Range $7.21 - $7.65

Q3 2017

Shares 212,873 Value ($000) $3,489 Avg Close $7.28 Range $7.04 - $7.54

Q2 2017

Shares 213,722 Value ($000) $3,501 Avg Close $7.41 Range $7.10 - $7.75

Q1 2017

Shares 228,439 Value ($000) $3,970 Avg Close $7.44 Range $6.98 - $7.70

Q4 2016

Shares 228,952 Value ($000) $3,775 Avg Close $6.62 Range $6.28 - $7.14

Q3 2016

Shares 213,074 Value ($000) $3,303 Avg Close $6.30 Range $5.66 - $6.71

Q1 2016

Shares 187,572 Value ($000) $2,784 Avg Close $5.37 Range $4.77 - $5.91

Q4 2015

Shares 226,935 Value ($000) $3,234 Avg Close $5.76 Range $5.23 - $6.03

Q3 2015

Shares 261,356 Value ($000) $3,784 Avg Close $5.81 Range $4.05 - $6.14

Q1 2015

Shares 259,775 Value ($000) $4,460 Avg Close $5.89 Range $5.44 - $6.24

Q4 2014

Shares 250,406 Value ($000) $3,907,590 Avg Close $5.49 Range $5.03 - $5.64

Q3 2014

Shares 265,872 Value ($000) $4,296,497 Avg Close $5.68 Range $5.43 - $6.00

Q2 2014

Shares 195,621 Value ($000) $3,493,784 Avg Close $5.65 Range $5.39 - $6.00

Q1 2014

Shares 169,769 Value ($000) $2,991,330 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 146,329 Value ($000) $2,600,270 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 140,220 Value ($000) $2,424,407 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 71,303 Value ($000) $1,226,416 Avg Close $5.23 Range $4.93 - $5.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,198,926	$24	$19.79	$18.36 - $20.64
Q3 2025	1,157,808	$24	$21.33	$19.60 - $22.39
Q2 2025	944,376	$21	$19.97	$17.08 - $21.13
Q1 2025	932,170	$21	$20.85	$19.58 - $21.80
Q4 2024	805,214	$18	$19.38	$18.52 - $20.24
Q3 2024	761,834	$16	$18.23	$16.88 - $18.78
Q2 2024	864,640	$18	$17.90	$17.19 - $18.65
Q1 2024	919,639	$19	$16.97	$16.50 - $17.82
Q4 2023	832,194	$17	$15.96	$15.11 - $16.83
Q3 2023	851,426	$17	$15.48	$14.81 - $16.12
Q2 2023	808,957	$15	$14.38	$13.58 - $15.16
Q1 2023	807,681	$15	$14.33	$12.98 - $15.20
Q4 2022	746,564	$14	$13.85	$12.13 - $14.57
Q3 2022	724,873	$12,236	$13.92	$12.26 - $14.87
Q2 2022	669,249	$12,093	$13.84	$12.20 - $15.83
Q1 2022	664,025	$13,911	$14.63	$13.59 - $15.72
Q4 2021	475,266	$10,071	$13.96	$13.29 - $14.62
Q3 2021	299,012	$6,079	$13.21	$12.76 - $13.85
Q2 2021	188,819	$3,699	$12.51	$11.72 - $13.01
Q1 2021	193,301	$3,617	$11.38	$10.33 - $12.22
Q4 2020	192,761	$3,256	$9.58	$8.32 - $10.75
Q3 2020	180,001	$2,511	$8.55	$8.07 - $9.08
Q2 2020	178,525	$2,580	$7.90	$5.17 - $9.48
Q1 2020	209,738	$2,261	$9.57	$4.60 - $10.93
Q4 2019	213,779	$3,987	$10.31	$9.90 - $10.59
Q3 2019	208,451	$3,884	$10.07	$9.69 - $10.53
Q2 2019	210,553	$3,777	$9.39	$9.08 - $9.82
Q1 2019	210,909	$3,615	$8.68	$7.88 - $9.11
Q4 2018	226,132	$3,523	$8.36	$7.47 - $8.87
Q3 2018	228,127	$3,922	$8.47	$8.03 - $8.77
Q2 2018	203,267	$3,344	$7.94	$7.42 - $8.28
Q1 2018	204,808	$3,250	$7.48	$7.06 - $7.79
Q4 2017	212,174	$3,335	$7.48	$7.21 - $7.65
Q3 2017	212,873	$3,489	$7.28	$7.04 - $7.54
Q2 2017	213,722	$3,501	$7.41	$7.10 - $7.75
Q1 2017	228,439	$3,970	$7.44	$6.98 - $7.70
Q4 2016	228,952	$3,775	$6.62	$6.28 - $7.14
Q3 2016	213,074	$3,303	$6.30	$5.66 - $6.71
Q1 2016	187,572	$2,784	$5.37	$4.77 - $5.91
Q4 2015	226,935	$3,234	$5.76	$5.23 - $6.03
Q3 2015	261,356	$3,784	$5.81	$4.05 - $6.14
Q1 2015	259,775	$4,460	$5.89	$5.44 - $6.24
Q4 2014	250,406	$3,907,590	$5.49	$5.03 - $5.64
Q3 2014	265,872	$4,296,497	$5.68	$5.43 - $6.00
Q2 2014	195,621	$3,493,784	$5.65	$5.39 - $6.00
Q1 2014	169,769	$2,991,330	$5.73	$5.59 - $5.95
Q4 2013	146,329	$2,600,270	$5.52	$5.29 - $5.75
Q3 2013	140,220	$2,424,407	$5.37	$5.17 - $5.58
Q2 2013	71,303	$1,226,416	$5.23	$4.93 - $5.49