ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

GRATIA CAPITAL, LLC's Holding History (CIK: 0001599793)

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

Q4 2017

Shares 82,000 Value ($000) $1,289 Avg Close $7.48 Range $7.21 - $7.65

Q3 2017

Shares 270,403 Value ($000) $4,432 Avg Close $7.28 Range $7.04 - $7.54

Q2 2017

Shares 414,908 Value ($000) $6,796 Avg Close $7.41 Range $7.10 - $7.75

Q1 2017

Shares 266,218 Value ($000) $4,627 Avg Close $7.44 Range $6.98 - $7.70

Q3 2016

Shares 272,412 Value ($000) $4,222 Avg Close $6.30 Range $5.66 - $6.71

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	82,000	$1,289	$7.48	$7.21 - $7.65
Q3 2017	270,403	$4,432	$7.28	$7.04 - $7.54
Q2 2017	414,908	$6,796	$7.41	$7.10 - $7.75
Q1 2017	266,218	$4,627	$7.44	$6.98 - $7.70
Q3 2016	272,412	$4,222	$6.30	$5.66 - $6.71