Title of each class Trading symbol Name of each exchange on which registered Common stock, par value $0.001 per share ARCC NASDAQ Global Select Market Class Outstanding at October 25, 2024 Common stock, $0.001 par value 646,076,139 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

Exhibit 99.1 As of ARES CAPITAL CORPORATION ANNOUNCES SEPTEMBER 30, 2024 FINANCIAL RESULTS AND DECLARES FOURTH QUARTER 2024 DIVIDEND OF $0.48 PER SHARE DIVIDEND DECLARATIONS New York, NY — October 30, 2024 — Ares Capital Corporation ("Ares Capital") (NASDAQ: ARCC) announced that its Board of Directors has declared a fourth quarter 2024 dividend of $0.48 per share. The fourth quarter 2024 dividend is payable on December 30, 2024 to stockholders of record as of December 13, 2024. SEPTEMBER 30, 2024 FINANCIAL ...

Second Quarter 2024 Earnings Presentation 0 42 65 155 112 42 GENERAL PALETTE 4 94 109 127 127 127 120 163 198 Credit 0 42 65 Private Equity BUSINESS SECTOR PALETTE 2 87 133 Real Estate 71 126 163 Strategic Initiative s Important Notice This presentation has been prepared for Ares Capital Corporation ("Ares Capitalˮ) for the benefit of its public stockholders. This presentation is solely for information purposes in connection with evaluating the business, operations and financial results of Ares Capital. Thi ...

Ares Capital Corporation (NASDAQ:ARCC) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants John Stilmar - Partner, Co-Head of Public Markets IR Kipp DeVeer - CEO Scott Lem - CFO Kort Schnabel - Co-President, Los Angeles Conference Call Participants Melissa Wedel - JPMorgan Finian O'Shea - Wells Fargo Securities Paul Johnson - ABW Kenneth Lee - RBC Capital Markets Robert Dodd - Raymond James Mitchel Penn - Oppenheimer Casey Alexander - Compass Point Operator Good morning. Welcome ...

Title of each class Trading symbol Name of each exchange on which registered Common stock, par value $0.001 per share ARCC NASDAQ Global Select Market Class Outstanding at July 26, 2024 Common stock, $0.001 par value 630,386,591 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...

Exhibit 99.1 As of ARES CAPITAL CORPORATION ANNOUNCES JUNE 30, 2024 FINANCIAL RESULTS AND DECLARES THIRD QUARTER 2024 DIVIDEND OF $0.48 PER SHARE DIVIDEND DECLARATIONS New York, NY — July 30, 2024 — Ares Capital Corporation ("Ares Capital") (NASDAQ: ARCC) announced that its Board of Directors has declared a third quarter 2024 dividend of $0.48 per share. The third quarter 2024 dividend is payable on September 30, 2024 to stockholders of record as of September 13, 2024. JUNE 30, 2024 FINANCIAL RESULTS Ares C ...

Financial Data and Key Metrics Changes - The company reported core earnings per share of $0.59 for Q1 2024, a 3.5% increase from the prior year, and above the regular dividend of $0.48 per share [9] - GAAP net income per share was $0.76 for Q1 2024, compared to $0.72 in the prior quarter and $0.52 in Q1 2023 [14] - Net asset value (NAV) per share increased 6% year-over-year to a record $19.53 [9][14] - Total portfolio at fair value was $23.1 billion, up from $22.9 billion in the previous quarter [15] Business Line Data and Key Metrics Changes - The company originated approximately $3.6 billion of new investment commitments across 61 transactions in Q1 2024, with a weighted average loan-to-value (LTV) below 40% and all-in yields nearly 11% [19][11] - The weighted average yield on debt and other securities at amortized cost was 12.4% as of March 31, 2024, slightly down from 12.5% at the end of 2023 [15] Market Data and Key Metrics Changes - The company noted a relatively low level of merger and acquisition activity but indicated a strong share in the business, with signs of a pickup in transaction activity evidenced by $1.2 billion of commitments closed in the second quarter to date [10] - Portfolio companies showed organic EBITDA growth of 10% over the last 12 months, significantly outpacing the S&P 500 [12] Company Strategy and Development Direction - The company emphasized its expansive direct origination capabilities across the middle market, which it believes are valuable in competitive environments [11] - The management highlighted a focus on maintaining a diversified portfolio, with no single investment accounting for more than 2% of the portfolio at fair value [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about navigating the current investment environment, citing strong portfolio performance and healthy growth levels [26] - The company remains cautious about potential credit risks but believes its diversified portfolio positions it well for future opportunities [26] Other Important Information - The company declared a second quarter 2024 dividend of $0.48 per share, consistent with the first quarter [18] - The company has approximately $6.3 billion of total available liquidity, with a debt-to-equity ratio of 0.95 times, the lowest since 2019 [17] Q&A Session Summary Question: Update on syndicated and liquid owned markets - Management indicated that the syndicated market is not a huge driver of their activity, with about 70% of new deals coming from the existing portfolio [28][29] Question: Capital structuring fees and origination mix - Management noted that the lower capital structuring fees were more a function of the mix of originations rather than a significant trend [30][31] Question: Environment for second lien investments - Management stated that second lien investments have become less prevalent, with a focus on unitranche deals instead [34][35] Question: Dividend income stream and interest rates - Management clarified that the increase in dividend income was due to a one-time event and that the diversified equity portfolio contributes to dividend income [41][42] Question: Spillover income and special distributions - Management discussed the complexities of managing spillover income and the uncertainty of future interest rates affecting distribution decisions [45][46] Question: Liquidity pressures in the portfolio - Management acknowledged modest upticks in revolver drawdowns but emphasized that overall metrics remain stable and below historical averages [66][67] Question: Trends in peak collections - Management indicated that peak collections are episodic and do not reflect a significant trend [68][69]

0 42 65 GENERAL 155 112 42 PALETTE 4 94 109 127 127 127 Credit 0 42 65 Private Equity BUSINESS 2 87 133 SECTOR PALETTE Real Estate 71 126 163 Strategic Initiative s 120 163 198 First Quarter 2024 Earnings Presentation 0 42 65 Important Notice GENERAL 155 112 42 PALETTE This presentation contains “forward-looking statementsˮ within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that are 4 94 109 subject to risks and uncertainties. Actual outcomes and results could differ mate ...

[Registrant Information](index=1&type=section&id=Registrant%20Information) - Ares Capital Corporation is a Maryland-incorporated, large accelerated filer. As of April 26, 2024, the company had **607,763,554 shares of common stock outstanding**[1](index=1&type=chunk)[2](index=2&type=chunk) [Part I. Financial Information](index=3&type=section&id=Part%20I.%20Financial%20Information) [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents Ares Capital Corporation's unaudited consolidated financial statements, detailing its investment portfolio and financial performance for the period ended March 31, 2024 [Consolidated Balance Sheet](index=3&type=section&id=Consolidated%20Balance%20Sheet) The Consolidated Balance Sheet shows an increase in total assets and stockholders' equity as of March 31, 2024, primarily driven by increased investments at fair value | Metric | March 31, 2024 (in millions) | December 31, 2023 (in millions) | | :-------------------------- | :--------------------------- | :------------------------------ | | Total Assets | $24,256 | $23,800 | | Investments at Fair Value | $23,124 | $22,874 | | Debt | $11,695 | $11,884 | | Total Liabilities | $12,384 | $12,599 | | Total Stockholders' Equity | $11,872 | $11,201 | | Net Assets Per Share | $19.53 | $19.24 | [Consolidated Statement of Operations](index=4&type=section&id=Consolidated%20Statement%20of%20Operations) For the three months ended March 31, 2024, the company reported increased total investment income and net increase in stockholders' equity from operations, driven by higher net unrealized gains | Metric | Three Months Ended March 31, 2024 (in millions) | Three Months Ended March 31, 2023 (in millions) | | :---------------------------------------------------- | :---------------------------------------------- | :---------------------------------------------- | | Total Investment Income | $701 | $618 | | Total Expenses | $369 | $298 | | Net Investment Income Before Income Taxes | $332 | $320 | | Net Realized Losses | $(18) | $(50) | | Net Unrealized Gains | $156 | $10 | | Net Increase in Stockholders' Equity from Operations | $449 | $278 | | Basic Net Income Per Common Share | $0.76 | $0.52 | | Diluted Net Income Per Common Share | $0.76 | $0.51 | [Consolidated Schedule of Investments](index=5&type=section&id=Consolidated%20Schedule%20of%20Investments) This schedule details the company's investment portfolio by industry, with total investments at fair value reaching **$23,124.3 million** as of March 31, 2024 [Investments by Industry (as of March 31, 2024)](index=6&type=section&id=Investments%20by%20Industry%20%28as%20of%20March%2031%2C%202024%29) The investment portfolio demonstrates diversification across various industries, with significant concentrations in key sectors | Industry | Fair Value (in millions) | % of Net Assets | | :------------------------------------------ | :----------------------- | :-------------- | | Software and Services | $5,227.2 | 44.03% | | Health Care Services | $2,887.4 | 24.32% | | Financial Services | $2,623.4 | 22.10% | | Commercial and Professional Services | $2,358.0 | 19.86% | | Investment Funds and Vehicles | $1,308.8 | 11.02% | | Insurance Services | $1,257.4 | 10.59% | | Consumer Services | $1,090.4 | 9.19% | | Power Generation | $1,024.4 | 8.63% | | Consumer Durables and Apparel | $712.5 | 6.00% | | Media and Entertainment | $667.6 | 5.62% | | Retailing and Distribution | $586.4 | 4.94% | | Capital Goods | $550.1 | 4.63% | | Food and Beverage | $487.0 | 4.10% | | Energy | $428.5 | 3.61% | | Consumer Staples Distribution and Retail | $422.9 | 3.56% | | Pharmaceuticals, Biotechnology and Life Sciences | $373.0 | 3.14% | | Automobiles and Components | $355.1 | 2.99% | | Materials | $321.3 | 2.71% | | Household and Personal Products | $159.7 | 1.35% | | Technology Hardware and Equipment | $137.1 | 1.15% | | Telecommunication Services | $51.5 | 0.43% | | Transportation | $50.2 | 0.42% | | Education | $44.4 | 0.37% | | **Total Investments** | **$23,124.3** | **194.79%** | [Derivative Instruments](index=93&type=section&id=Derivative%20Instruments) The company uses derivative instruments, including foreign currency forward contracts and interest rate swaps, to manage market risks | Derivative Type | Unrealized Appreciation / (Depreciation) (in millions) | | :-------------------------- | :----------------------------------------------------- | | Foreign currency contracts | $4 | | Interest rate swaps | $(8) | [Notes to Consolidated Schedule of Investments](index=93&type=section&id=Notes%20to%20Consolidated%20Schedule%20of%20Investments) These notes clarify the nature of the company's investments, including control definitions, collateral pledges, and unfunded commitments, with **24%** classified as non-qualifying assets - The company does not 'Control' most of its portfolio companies, defined as owning less than **25%** of voting securities or not having control over management/policies, for Investment Company Act purposes[468](index=468&type=chunk) - As of March 31, 2024, **24%** of the company's total assets are considered 'non-qualifying assets' under Section 55(a) of the Investment Company Act[477](index=477&type=chunk) - Several loans were on **non-accrual status** as of March 31, 2024, indicating potential issues with repayment[480](index=480&type=chunk) | Commitment Type | Total Net Unfunded Commitments (in millions) | | :-------------------------------------------- | :------------------------------------------- | | Revolving and Delayed Draw Loan Commitments | $2,354.0 | | Equity Investment Commitments | $60.4 | [Consolidated Statement of Stockholders' Equity](index=3&type=section&id=Consolidated%20Statement%20of%20Stockholders%27%20Equity) This statement details changes in stockholders' equity for the three months ended March 31, 2024, and the year ended December 31, 2023 [Consolidated Statement of Cash Flows](index=4&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) This statement outlines the cash inflows and outflows for the three months ended March 31, 2024 and 2023 [Notes to Consolidated Financial Statements](index=4&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) This section contains detailed notes accompanying the consolidated financial statements, providing further context and explanations for the presented figures [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=4&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section provides management's perspective on the company's financial condition, changes, and results of operations [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=4&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section discusses the company's exposure to market risks, such as interest rate and foreign currency risk, and their management [Item 4. Controls and Procedures](index=4&type=section&id=Item%204.%20Controls%20and%20Procedures) This section describes the effectiveness of the company's disclosure controls and internal control over financial reporting [Part II. Other Information](index=3&type=section&id=Part%20II.%20Other%20Information) [Item 1. Legal Proceedings](index=5&type=section&id=Item%201.%20Legal%20Proceedings) This section discloses any material legal proceedings the company is involved in [Item 1A. Risk Factors](index=5&type=section&id=Item%201A.%20Risk%20Factors) This section outlines significant risks and uncertainties that could materially affect the company's business and financial condition [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=5&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section reports on unregistered equity security sales and the application of their proceeds [Item 3. Defaults Upon Senior Securities](index=5&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) This section discloses any material defaults on senior securities [Item 4. Mine Safety Disclosures](index=5&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section provides disclosures related to mine safety, if applicable to the company's operations [Item 5. Other Information](index=5&type=section&id=Item%205.%20Other%20Information) This section includes any other information deemed important but not required under other items [Item 6. Exhibits](index=5&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed as part of the report, such as material contracts and bylaws [Signatures](index=5&type=section&id=Signatures) This section contains the required signatures of the registrant's authorized officers

Exhibit 99.1 As of ARES CAPITAL CORPORATION ANNOUNCES MARCH 31, 2024 FINANCIAL RESULTS AND DECLARES SECOND QUARTER 2024 DIVIDEND OF $0.48 PER SHARE DIVIDEND DECLARATIONS New York, NY — May 1, 2024 — Ares Capital Corporation ("Ares Capital") (NASDAQ: ARCC) announced that its Board of Directors has declared a second quarter 2024 dividend of $0.48 per share. The second quarter 2024 dividend is payable on June 28, 2024 to stockholders of record as of June 14, 2024. MARCH 31, 2024 FINANCIAL RESULTS Ares Capital ...