ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

Grandeur Peak Global Advisors, LLC's Holding History (CIK: 0001569137)

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

Q1 2014

Shares 200,180 Value ($000) $3,527 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 208,680 Value ($000) $3,708 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 210,830 Value ($000) $3,645 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 190,359 Value ($000) $3,274 Avg Close $5.23 Range $4.93 - $5.49

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	200,180	$3,527	$5.73	$5.59 - $5.95
Q4 2013	208,680	$3,708	$5.52	$5.29 - $5.75
Q3 2013	210,830	$3,645	$5.37	$5.17 - $5.58
Q2 2013	190,359	$3,274	$5.23	$4.93 - $5.49