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Company Executives

$ Management Team

Directors
7
serving now
Independent
4 of 4
stated in the proxy; 3 not stated
Average tenure
4.0 years
from year joined
CEO also chairs the board
No
R. Kipp deVeer
Director Age On board Independent Committees Other public boards Pay Source
Sandra R. Anceleitz
60 2022
4 years
Independent
Audit Committee Nominating and Governance Committee
Ares Core Infrastructure Fund $133,000
Ann Torre Bates
68 2022
4 years
Independent
Audit Committee · Chair
United Natural Foods, Inc., 13 investment companies in the Franklin Templeton Group of Mutual Funds, Ares Capital Corporation, Ares Core Infrastructure Fund $142,000
Steven B. McKeever
65 2022
4 years
Independent
Nominating and Governance Committee · Chair
Ares Capital Corporation $133,000
Eric B. Siegel
68 2022
4 years
Independent
Audit Committee Nominating and Governance Committee
Ares Capital Corporation $158,000
R. Kipp deVeer
53 2022
4 years
Not stated None stated Ares Management Corporation, Ares Capital Corporation Not stated
Mitchell Goldstein
59 2022
4 years
Not stated None stated Ares Capital Corporation, CION Ares Diversified Credit Fund Paid as CEO
Michael L. Smith
54 2022
4 years
Not stated None stated Ares Capital Corporation Paid as CEO

Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.

7 disclosed in the proxy filed Apr 3, 2026
Ares Capital Management
subsidiary of Ares Management, an entity in which certain trustees and officers of the Fund and members of the ASIF Investment Committee may have indirect ownership and pecuniary interests
Amount not stated

Investment advisory and management agreement under which Ares Capital Management serves as the Fund's investment adviser.

With the Fund Open in proxy
Ares Operations
subsidiary of Ares Management
Amount not stated

Administration agreement under which Ares Operations provides administrative services and the Fund reimburses its allocable overhead and expenses at cost.

With the Fund Open in proxy
Ares Capital Management
subsidiary of Ares Management, an entity in which certain trustees and officers of the Fund and members of the ASIF Investment Committee may have indirect ownership and pecuniary interests
Amount not stated

Expense support and conditional reimbursement agreement under which the adviser agreed to advance the Fund's organization and initial offering expenses and may pay other expenses.

With the Fund Open in proxy
Ares Wealth Management Solutions, LLC
affiliate of the Fund and the investment adviser
Amount not stated

Intermediary manager agreement under which the intermediary manager serves as principal distributor for the Fund's offering, initially entered into April 24, 2023.

With the Fund Open in proxy
intermediary manager
affiliate of the Fund and the investment adviser
$9.5 million and $1.6 million
year ended December 31, 2025

Shareholder servicing and/or distribution fees paid to the intermediary manager on Class S and Class D shares.

With the Fund Open in proxy
Ares Management LLC
affiliate of the Fund's investment adviser
Amount not stated

License Agreement granting the Fund a non-exclusive, royalty-free license to use the name Ares.

With the Fund Open in proxy
AMCM
affiliate of the Fund and the current intermediary manager
$0.8 million
year ended December 31, 2025

AMCM served as an initial purchaser in the Fund's unsecured notes offerings and received underwriting and advisory fees.

With the Fund Open in proxy

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