SUN LIFE ASSURANCE CO OF CANADA purchased 640K shares of ARES DYNAMIC CREDIT ALLOCATION FUND, INC. on the open market
Open‑market purchase worth $16.00M. The strongest form of insider conviction signal.
P · 2 purchases
Filed: 9/17/2021ACC: 0001567619-21-017229
→
10% Owner
Since Jul 2021
+640K
Net shares
Net buyer
$16.00M
Total acquired
2
Open market trades
2B · 0S
2
Total transactions
640K acquired
Non-Derivative Transactions2
Series C Mandatory Redeemable Preferred Stock
Direct
Shares
+320K
Price / share
$25.00
Trade value
$8M
% of position
133.3%
9/15/2021
240K→560K
Series C Mandatory Redeemable Preferred Stock
Indirect
Shares
+320K
Price / share
$25.00
Trade value
$8M
% of position
133.3%
9/15/2021
240K→560K
Total
Net shares
+640K
Net value
$16M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Series C Mandatory Redeemable Preferred Stock Direct | 9/15/2021 | P · Purchase | +320K | $25.00 | $8M | 133.3% | 240K | 560K |
| Series C Mandatory Redeemable Preferred Stock Indirect | 9/15/2021 | P · Purchase | +320K | $25.00 | $8M | 133.3% | 240K | 560K |
| Total | +640K | $16M | ||||||
Derivative Transactions0
No derivative transactions reported