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Ares Capital’s proxy advisory firms support merger with Allied Capital

Ares Capital says all four independent proxy advisory firms have recommended that its stockholders vote in favour of the proposals for its pending merger with Allied Capital to be voted on at its special meeting of stockholders on 26 March 2010.

The proxy advisory firms issuing reports are RiskMetrics Group, Glass Lewis, Proxy Governance, and Egan-Jones Proxy Services.

The reports recommend a vote for the issuance of Ares Capital shares in connection with the merger as described in the joint proxy statement/prospectus.

The reports also recommend a vote for the adjournment of the Ares Capital special meeting, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes at the time of the Ares Capital special meeting on 26 March 2010 to approve such proposal.

As previously announced, the proposed merger has been unanimously approved by Ares Capital’s board of directors.

Ares Capital is a finance company that provides integrated debt and equity financing solutions to US middle-market companies.

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