Analyst’s Disclosure:I/we have a beneficial long position in the shares of ARCC, TSLX, GBDC either through stock ownership, options, or other derivatives.

Source: https://seekingalpha.com/article/4592940-bdc-weekly-review-dead-ipo-market-is-a-headwind-for-fees?source=feed_all_articles

ARCC has a direct stock purchase plan available at Computershare, but unfortunately, the only dividend reinvestment option the plan offers is "full dividend reinvestment."

Source: https://seekingalpha.com/article/4647740-2-magnificent-dividends-to-generate-passive-income?source=feed_all_articles

ARCC has a slightly higher-than-average payment-in-kind (“PIK”) currently around 6.6% of total income or 8.7% of interest income for Q1 2023.

Source: https://seekingalpha.com/article/4618826-ares-capital-assessing-dividend-coverage-for-its-10-percent-yield?source=feed_all_articles

ARCC is a buy at anything under $18 and CSWC under $17.

Source: https://seekingalpha.com/article/4612815-capital-southwest-ares-capital-why-pick-one-when-you-can-own-both?source=feed_all_articles

ARCC pairs a plainclothes police officer with a certified clinician to respond to mental health and addictions calls.

Source: https://winnipeg.ctvnews.ca/crisis-response-program-struggling-to-find-staff-1.6564510

However, I continue to believe ARCC should trade at a modest-notable premium to the company’s CURRENT NAV.

Source: https://seekingalpha.com/article/4610037-ares-capitals-nav-valuation-dividend-vs-14-bdc-peers-part-1?source=feed_all_articles

I love my ARCC position, up 18% (3.6% PV), originally purchased in 2012 and 2014.

Source: https://seekingalpha.com/article/4655663-ares-capital-put-new-money-to-work?source=feed_all_articles

Still like ARCC but decided to take some profits.

Source: https://seekingalpha.com/article/4658295-why-i-recently-sold-ares-capital-corp-stock?source=feed_all_articles

Therefore, with a closing price of $17.83 per common share as of 6/20/2023, I currently rate ARCC as UNDERVALUED from a stock price perspective.

Source: https://seekingalpha.com/article/4612807-ares-capital-sector-comparative-metrics-part-2-dividend-projection?source=feed_all_articles

This has reversed by around 11% with ARCC now trading at a valuation 6% above that of OCSL (106% vs. 100%).

Source: https://seekingalpha.com/article/4577444-bdc-weekly-review-the-two-steps-of-bdc-analysis?source=feed_all_articles