Ares Capital Corporation ("Ares Capital" or the "Company") (NASDAQ:ARCC) announced today the tax treatment of the Company's 2025 common stock distributions (CUSIP #: 04010L103).

			Ordinary Income Per Share
Record Date	Payable Date	Total Paid Per Share	Ordinary Rate	20% Rate (1)	Long Term Capital Gains per Share (2)	Interest - Related Dividends (3)
3/14/2025	3/31/2025	$ 0.4800	$ 0.339128	$ 0.140872	$ 0.0000	84.7500%
6/13/2025	6/30/2025	$ 0.4800	$ 0.339128	$ 0.140872	$ 0.0000	84.7500%
9/15/2025	9/30/2025	$ 0.4800	$ 0.339128	$ 0.140872	$ 0.0000	85.6410%
12/15/2025	12/30/2025	$ 0.4800	$ 0.339128	$ 0.140872	$ 0.0000	85.3158%
		$ 1.9200	$ 1.356512	$ 0.563488	$ 0.0000
% of Total Dividends Paid Per Share		100.0000%	70.65172%	29.34828%	0.0000%

(1)	The Company hereby designates these distributions as amounts eligible for treatment as qualified dividend income in accordance with IRC section 854(b) as well as eligible for the dividends received deduction available to certain U.S. domestic corporations.
(2)	No portion of the Company's distributions is designated as an amount eligible for treatment as a capital gain dividend in accordance with IRC sections 852(b)(3) and 854(a).
(3)	The Company hereby designates the above percentages of each of the total dividends by payment date as "interest-related dividends" within the meaning of IRC section 871(k).

This press release is not intended to constitute tax, legal, investment, or other professional advice. This is general information and should not be relied upon for tax purposes. Stockholders should consult their tax advisor for tax guidance pertinent to specific facts and circumstances.

ABOUT ARES CAPITAL CORPORATION

Founded in 2004, Ares Capital is a leading specialty finance company focused on providing direct loans and other investments in private middle market companies in the United States. Ares Capital's objective is to source and invest in high-quality borrowers that need capital to achieve their business goals, which often times can lead to economic growth and employment. Ares Capital believes its loans and other investments in these companies can help generate attractive levels of current income and potential capital appreciation for investors. Ares Capital, through its investment manager, utilizes its extensive, direct origination capabilities and incumbent borrower relationships to source and underwrite predominantly senior secured loans but also subordinated debt and equity investments. Ares Capital has elected to be regulated as a business development company ("BDC") and was the largest publicly traded BDC by market capitalization as of December 31, 2025. Ares Capital is externally managed by a subsidiary of Ares Management Corporation (NYSE:ARES), a publicly traded, leading global alternative investment manager. For more information about Ares Capital, visit www.arescapitalcorp.com.

FORWARD-LOOKING STATEMENTS

Statements included herein or on the webcast/conference call may constitute "forward-looking statements," which relate to future events or Ares Capital's future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results and conditions may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Ares Capital's filings with the Securities and Exchange Commission. Ares Capital undertakes no duty to update any forward-looking statements made herein or on the webcast/conference call.

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Ares Capital Corporation

Carl G. Drake

John Stilmar

888-818-5298

Ares Capital Corporation Announces Tax Reporting Information for Calendar Year 2025