ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

State of New Jersey Common Pension Fund D's Holding History (CIK: 0001483066)

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

Q1 2018
Shares 1,800,000 Value ($000) $28,566 Avg Close $7.48 Range $7.06 - $7.79
Q4 2017
Shares 3,600,000 Value ($000) $56,592 Avg Close $7.48 Range $7.21 - $7.65
Q3 2017
Shares 3,600,000 Value ($000) $59,004 Avg Close $7.28 Range $7.04 - $7.54
Q2 2017
Shares 3,200,000 Value ($000) $52,416 Avg Close $7.41 Range $7.10 - $7.75
Q1 2017
Shares 3,200,000 Value ($000) $55,616 Avg Close $7.44 Range $6.98 - $7.70
Q4 2016
Shares 3,600,000 Value ($000) $59,364 Avg Close $6.62 Range $6.28 - $7.14
Q3 2016
Shares 4,975,000 Value ($000) $77,113 Avg Close $6.30 Range $5.66 - $6.71
Q2 2016
Shares 1,900,000 Value ($000) $26,980 Avg Close $5.94 Range $5.67 - $6.15
Q1 2016
Shares 800,000 Value ($000) $11,872 Avg Close $5.37 Range $4.77 - $5.91
Q4 2015
Shares 725,000 Value ($000) $10,331 Avg Close $5.76 Range $5.23 - $6.03