ARES CAP CORP

CUSIP: 04010LAD5 Class: CNV

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q1 2016
Shares 650,000 Value ($000) $653 Avg Close — Range —
Q4 2015
Shares 650,000 Value ($000) $650 Avg Close — Range —
Q3 2015
Shares 650,000 Value ($000) $657 Avg Close — Range —
Q2 2015
Shares 650,000 Value ($000) $669 Avg Close — Range —
Q1 2015
Shares 650,000 Value ($000) $677 Avg Close — Range —
Q4 2014
Shares 650,000 Value ($000) $669 Avg Close — Range —
Q3 2014
Shares 650,000 Value ($000) $679 Avg Close — Range —
Q2 2014
Shares 650,000 Value ($000) $698 Avg Close — Range —
Q1 2014
Shares 650,000 Value ($000) $701 Avg Close — Range —
Q4 2013
Shares 6,500,000 Value ($000) $6,956 Avg Close — Range —
Q3 2013
Shares 6,500,000 Value ($000) $6,882 Avg Close — Range —
Q2 2013
Shares 6,500,000 Value ($000) $6,924 Avg Close — Range —