Ares Capital Corporation Announces Tax Treatment of 2024 Common Stock Distributions
New York–(BUSINESS WIRE)
Ares Capital Corporation (“Ares Capital” or the “Company”) (NASDAQ: ARCC) announced today the tax treatment of the Company’s 2024 common stock distributions (CUSIP #: 04010L103).
Record Date: 3/15/2024
Payable Date: 3/29/2024
Total Paid Per Share: $0.4800
Ordinary Income Per Share: $0.401573
Long Term Capital Gains per Share: $0.078427
Interest-Related Dividends: $0.0000
Ordinary Rate: 92.2104%
Record Date: 6/14/2024
Payable Date: 6/28/2024
Total Paid Per Share: $0.4800
Ordinary Income Per Share: $0.401573
When it comes to tax treatment, Ares Capital Corporation has provided detailed information regarding its 2024 common stock distributions. The Company announced that shareholders who own Ares Capital common stock will receive a total payout of $0.4800 per share, with $0.401573 classified as ordinary income per share, and $0.078427 as long-term capital gains per share. Additionally, there are no interest-related dividends included in this distribution.
For the distribution with a record date of 3/15/2024 and payable date of 3/29/2024, the ordinary rate is calculated at 92.2104%. Similarly, for the distribution with a record date of 6/14/2024 and payable date of 6/28/2024, shareholders will receive $0.401573 as ordinary income per share.
Impact on Individuals:
As an individual investor holding shares of Ares Capital, the tax treatment of the 2024 common stock distributions will determine the amount of taxes owed on these earnings. It is important to consult with a tax professional to understand how these distributions may affect your tax liability and overall financial situation.
Global Impact:
The tax treatment of Ares Capital’s 2024 common stock distributions may also have an impact on the global financial market. Investors and analysts around the world may analyze this information to gain insights into the company’s performance and future prospects, which can influence investment decisions and market trends.
Conclusion:
Overall, Ares Capital Corporation’s announcement regarding the tax treatment of its 2024 common stock distributions provides valuable information for shareholders and the financial market as a whole. Understanding the breakdown of ordinary income, long-term capital gains, and other components of these distributions can help investors make informed decisions and navigate the complexities of tax regulations.
