ARES CAP CORP

CUSIP: 04010LAG8 Class: 4.875% 3/15/17

Radcliffe Capital Management, L.P.'s Holding History (CIK: 0001218275)

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

Q4 2016
Shares 12,432,000 Value ($000) $12,510 Avg Close — Range —
Q3 2016
Shares 14,622,000 Value ($000) $14,838 Avg Close — Range —
Q2 2016
Shares 14,622,000 Value ($000) $14,979 Avg Close — Range —
Q1 2016
Shares 14,622,000 Value ($000) $14,881 Avg Close — Range —
Q4 2015
Shares 9,622,000 Value ($000) $9,707 Avg Close — Range —
Q3 2015
Shares 9,622,000 Value ($000) $9,898 Avg Close — Range —
Q2 2015
Shares 9,622,000 Value ($000) $9,961 Avg Close — Range —
Q1 2015
Shares 9,622,000 Value ($000) $10,029 Avg Close — Range —
Q4 2014
Shares 7,000,000 Value ($000) $7,237 Avg Close — Range —
Q3 2014
Shares 2,000,000 Value ($000) $2,092 Avg Close — Range —
Q2 2014
Shares 2,000,000 Value ($000) $2,140 Avg Close — Range —