ARES DYNAMIC CR ALLOCATION F

CUSIP: 04014F102 Class: COM

THIRD AVENUE MANAGEMENT LLC's Holding History (CIK: 0001099281)

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

Q3 2015
Shares 253,978 Value ($000) $3,548 Avg Close — Range —
Q2 2015
Shares 307,666 Value ($000) $4,717 Avg Close — Range —
Q1 2015
Shares 301,131 Value ($000) $4,890 Avg Close — Range —
Q4 2014
Shares 296,871 Value ($000) $4,696 Avg Close — Range —
Q3 2014
Shares 341,996 Value ($000) $5,828 Avg Close — Range —
Q2 2014
Shares 335,357 Value ($000) $6,107 Avg Close — Range —
Q1 2014
Shares 329,003 Value ($000) $5,962 Avg Close — Range —
Q4 2013
Shares 322,875 Value ($000) $5,805 Avg Close — Range —