Exhibit (s)

Calculation of Filing Fee Tables

FORM N-2/A

(Form Type)

ARES DYNAMIC CREDIT ALLOCATION FUND, INC.

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial effective date

Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward

Newly Registered Securities

Fees to Be Paid

Equity

Common Stock

457(o)

–

–

$499,000,000

$147.60

$73,652.40(1)

Other

Rights to Purchase Shares of Common Stock(2)

–

–

–

–

–

–

Fees Previously Paid

Equity

Common Stock

457(o)

–

–

$1,000,000

$147.60

$147.60(3)

Other

Rights to Purchase Common Stock(2)

–

–

–

–

–

Carry Forward Securities

Carry Forward Securities

Total Offering Amounts

$500,000,000

$73,800.00

Total Fees Previously Paid

$147.60

Total Fee Offsets

–

Net Fee Due

$73,652.40

(1)	Amount represents $147.60 previously paid to register $1,000,000 of common stock, plus $73,652.40 to register the additional $499,000,000 of common stock registered hereby.
(2)	No separate consideration will be received by the Registrant. Any shares issued pursuant to an offering of rights to purchase shares of common stock, including any shares issued pursuant to an over-subscription privilege or a secondary over-subscription privilege, will be shares registered under this Registration Statement.
(3)	The Registrant previously paid $147.60 in connection with the filing of the Registrant’s Registration Statement on Form N-2 (File No. 333-279977) with the Securities and Exchange Commission on June 4, 2024.