Ares Core Infrastructure Fund
01/22/2025 | Press release | Distributed by Public on 01/22/2025 14:43
Material Event (Form 8-K)
Item 8.01 Other Events.
Net Asset Value ("NAV")
The NAV per common share of beneficial interest ("Common Share") of Ares Core Infrastructure Fund (the "Fund") as of December 31, 2024, as determined in accordance with the valuation policies and procedures employed by Ares Capital Management II LLC, the Fund's investment adviser and valuation designee, was as follows:
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NAV as of December 31, 2024
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| Common Share | $ | 25.1266 |
As of December 31, 2024, the Fund's aggregate NAV was approximately $156.5 million and the fair value of its portfolio investments was approximately $339.1 million.
January, February and March 2025 Distributions
Also, as previously disclosed, the Fund announced the declaration of regular monthly gross distributions for January, February and March 2025, in each case for its Common Shares in the amounts per share set forth below:
| Record Date |
Payment Date(1)
|
Gross Distribution Per Common Share |
| January 31, 2025 | February 21, 2025 | $0.2250 |
| February 28, 2025 | March 25, 2025 | $0.2250 |
| March 31, 2025 | April 23, 2025 | $0.2250 |
(1) The distributions on the Fund's Common Shares will be paid on or about the payment dates set above.
These distributions will be paid in cash or reinvested in the Common Shares for shareholders participating in the Fund's distribution reinvestment plan.
Portfolio and Business Commentary
As of December 31, 2024, the Fund had one equity investment(1)with total fair value of approximately $339.1 million. As of December 31, 2024, based on fair value, the Fund's portfolio investments consisted of the following:
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As of December 31, 2024
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| Portfolio Investments | ||
| Other equity | 100.00 | % |
| Total | 100.00 | % |
(1)The underlying 2.6 gigawatt portfolio consists of 15 projects in operation across ERCOT, MISO, PJM and SPP, of which 53% is solar, 25% wind and 22% co-located battery storage capacity.
2