ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

Merit Financial Group, LLC's Holding History (CIK: 0001621225)

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

Q4 2025

Shares 282,508 Value ($000) $5,715 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 252,998 Value ($000) $5,164 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 251,961 Value ($000) $5,533 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 455,415 Value ($000) $10,092 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 444,165 Value ($000) $9,723 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 443,600 Value ($000) $9,289 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 445,732 Value ($000) $9,289 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 446,499 Value ($000) $9,202 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 13,321 Value ($000) $267 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 454,278 Value ($000) $8,845 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 455,221 Value ($000) $8,554 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 70,544 Value ($000) $1,289 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 11,680 Value ($000) $216 Avg Close $13.85 Range $12.13 - $14.57

Q2 2022

Shares 13,100 Value ($000) $235 Avg Close $13.84 Range $12.20 - $15.83

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	282,508	$5,715	$19.79	$18.36 - $20.64
Q3 2025	252,998	$5,164	$21.33	$19.60 - $22.39
Q2 2025	251,961	$5,533	$19.97	$17.08 - $21.13
Q1 2025	455,415	$10,092	$20.85	$19.58 - $21.80
Q4 2024	444,165	$9,723	$19.38	$18.52 - $20.24
Q3 2024	443,600	$9,289	$18.23	$16.88 - $18.78
Q2 2024	445,732	$9,289	$17.90	$17.19 - $18.65
Q1 2024	446,499	$9,202	$16.97	$16.50 - $17.82
Q4 2023	13,321	$267	$15.96	$15.11 - $16.83
Q3 2023	454,278	$8,845	$15.48	$14.81 - $16.12
Q2 2023	455,221	$8,554	$14.38	$13.58 - $15.16
Q1 2023	70,544	$1,289	$14.33	$12.98 - $15.20
Q4 2022	11,680	$216	$13.85	$12.13 - $14.57
Q2 2022	13,100	$235	$13.84	$12.20 - $15.83