ARES CAP CORP

CUSIP: 04010LAD5 Class: CNV

CORBYN INVESTMENT MANAGEMENT INC/MD's Holding History (CIK: 0000919538)

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

Q1 2016
Shares 1,500,000 Value ($000) $1,504 Avg Close — Range —
Q4 2015
Shares 1,500,000 Value ($000) $1,498 Avg Close — Range —