Ares Dynamic Credit Allocation Fund, Inc. announced the appointment of Elaine Orr to its Board of Directors (the “Board”) as an independent director and chair of the audit committee. In addition, ARDC announced the resignation of Paula B. Pretlow from the Board. Both Ms. Orr's appointment and Ms. Pretlow's resignation became effective August 9, 2022.

Ms. Orr brings extensive institutional investment, foundation and wealth management experience, having served in leadership and board positions at a number of leading global financial institutions. Most recently, Ms. Orr served as Senior Director of Philanthropy and Strategic Partnerships for the Robert Toigo Foundation, focusing on major gifts fundraising to advance the mission of supporting underrepresented talent in finance. She previously served as Director of Investments at Silicon Valley Community Foundation.

Ms. Orr also held various business, product and relationship development roles at Morningstar, BlackRock, Morgan Stanley, Barclays and HSBC. Ms. Orr is currently a board member of Engine No. 1, San Mateo County Employees' Retirement System and Federated City Employees' Retirement System.

Ms. Orr holds a Bachelor of Commerce and Business Administration degree, majoring in finance, from the University of British Columbia and is a CFA® charterholder.