ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

Callahan Advisors, LLC's Holding History (CIK: 0001395055)

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

Q4 2025

Shares 10,200 Value ($000) $206 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 13,200 Value ($000) $269 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 17,398 Value ($000) $382 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 17,027 Value ($000) $377 Avg Close $20.85 Range $19.58 - $21.80

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	10,200	$206	$19.79	$18.36 - $20.64
Q3 2025	13,200	$269	$21.33	$19.60 - $22.39
Q2 2025	17,398	$382	$19.97	$17.08 - $21.13
Q1 2025	17,027	$377	$20.85	$19.58 - $21.80