ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

Baker Ellis Asset Management LLC's Holding History (CIK: 0001365559)

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

Q4 2019

Shares 11,400 Value ($000) $213 Avg Close $10.31 Range $9.90 - $10.59

Q3 2019

Shares 11,400 Value ($000) $212 Avg Close $10.07 Range $9.69 - $10.53

Q2 2019

Shares 10,900 Value ($000) $196 Avg Close $9.39 Range $9.08 - $9.82

Q1 2019

Shares 8,000 Value ($000) $137 Avg Close $8.68 Range $7.88 - $9.11

Q4 2018

Shares 8,000 Value ($000) $125 Avg Close $8.36 Range $7.47 - $8.87

Q3 2018

Shares 8,000 Value ($000) $138 Avg Close $8.47 Range $8.03 - $8.77

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	11,400	$213	$10.31	$9.90 - $10.59
Q3 2019	11,400	$212	$10.07	$9.69 - $10.53
Q2 2019	10,900	$196	$9.39	$9.08 - $9.82
Q1 2019	8,000	$137	$8.68	$7.88 - $9.11
Q4 2018	8,000	$125	$8.36	$7.47 - $8.87
Q3 2018	8,000	$138	$8.47	$8.03 - $8.77