• July 11, 2022
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Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.0975 Per Share – Oil City Derrick

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.0975 Per Share – Oil City Derrick

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Partly cloudy this evening with thunderstorms becoming likely overnight. Low 67F. Winds SW at 5 to 10 mph. Chance of rain 70%..
Partly cloudy this evening with thunderstorms becoming likely overnight. Low 67F. Winds SW at 5 to 10 mph. Chance of rain 70%.
Updated: July 11, 2022 @ 6:49 pm

NEW YORK–(BUSINESS WIRE)–Jul 11, 2022–
Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced the declaration of its distribution for the month of July 2022 of $0.0975 per common share, payable as noted below.
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Copyright Business Wire 2022.

Through July 10
A man on death row in Texas has asked the state to delay his execution so that he can donate a kidney.
Monday
Police in a Dallas suburb have concluded that heat stroke caused the death of former Dallas Cowboys running back Marion Barber III. In a statement Monday, Frisco police say the Collin County medical examiner ruled Barber’s death an accident. Police provided no further elaboration, and the medical examiner’s office didn’t immediately respond to messages from The Associated Press. Police making a welfare check on June 1 found the 38-year-old former running back dead at a Frisco apartment. Barber spent six seasons with Dallas and one with the Chicago Bears. He made the Pro Bowl in 2007.
The Avalanche is re-signing forward Valeri Nichushkin on an eight-year contract that runs through the 2029-30 season, the team announced late Monday afternoon.
Supporters of a one-year extension of humanitarian aid deliveries from Turkey to 4.1 million Syrians in the rebel-held northwest have given in to Russia’s demand for a six month extension, paving the way for approval of a UN resolution on Tuesday. Ireland and Norway, who sponsored the year-long extension that Russia vetoed last Friday, circulated a new draft resolution on Monday for a six-month extension of deliveries through the Bab al-Hawa crossing until Jan. 10, 2023. The draft is almost identical to the Russia draft resolution that failed to get council support last Friday.
Former President Donald Trump and a host of Republican personalities have canceled their scheduled appearances Friday in Greensboro, North Carolina.
Tampa Bay Rays shortstop Wander Franco will have surgery Tuesday on his right wrist. Franco has a hamate injury. He left Saturday’s 5-4 loss at Cincinnati after fouling off a 100.2 mph Hunter Greene pitch before striking out. Manager Kevin Cash says the 21-year-old Franco will be sidelined for five to eight weeks. The Rays placed Franco and center fielder Kevin Kiermaier on the 10-day injured list on Sunday. Kiermaier is dealing with left hip inflammation. He will see a hip specialist in Tennessee after the All-Star break.
The telephone call came on Friday morning.
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Royals infielder Whit Merrifield’s streak of playing in a franchise-record 553 straight games ended when he missed the opener of a doubleheader against Detroit because of a toe injury. Merrifield’s string dated to June 24, 2018, and was the longest active streak in the majors. Merrifield exited Sunday’s game with right toe discomfort. He was fitted with a walking boot and is expected to be placed on the injured list due to a bone bruise and ligament swelling.
An insurance company that covers counties and other public entities in Idaho says it won’t renew Canyon County’s insurance policy because of increasing risks and a high volume of claims. The Idaho Press reports that the Idaho Counties Risk Management Program sent a letter to Canyon County officials on May 23, citing several factors including adverse claim developments and increasing risk. The Nampa-based newspaper obtained the document through public records requests. Canyon County Public Information Officer Joe Decker says county officials can’t comment because of the ongoing situation. Canyon County Commissioners sent a letter to the insurance company last month taking issue with the nonrenewal decision.
The 49ers have two weeks of summer vacation left before they report to training camp. Whether Jimmy Garoppolo will be with the team on July 26 in Santa Clara remains to be seen.
A Superior Court judge has dismissed a lawsuit filed by Delaware’s Democratic attorney general against Monsanto Co. over environmental damage from toxic chemicals known as PCBs. In recent years, PCBs have been at the center of multimillion-dollar settlements reached between Monsanto and multiple states whose waterways had been contaminated. But the Delaware judge on Monday rejected public nuisance, trespass and unjust enrichment claims that were asserted by Attorney General Kathy Jennings. The judge noted that Delaware courts do not recognize product-based public nuisance claims. The judge also said the state has no standing to bring trespass claims regarding PCB contamination of lands and waterways.
A SeaWorld San Diego expert said Monday that a pair of sea lions that sent dozens of San Diego beachgoers running in fear last week were likely chasing each other, sparring over their rights to mate with females. Eric Otjen of SeaWorld says the behavior that was caught on a TikTok video that went viral is normal this time of year as breeding season gets underway. He says the beachgoers, however, were still wise to flee. The mammals weigh between 200 and 300 pounds and could easily barrel over people if they got in their way.
Hurricane Darby has strengthened into a Category 4 storm while far out in the Pacific west of southern Mexico, with forecasters saying it poses no threat to land. Darby became a hurricane Sunday, and the U.S. National Hurricane Center says its maximum sustained winds had reached 140 mph by Monday afternoon. It was centered about 1,135 miles west-southwest of the southern tip of Mexico’s Baja California peninsula. Darby is forecast to strengthen some more but then begin weakening by midweek and be a tropical depression by Saturday while approaching an area to the south of the Hawaiian Islands.
Forwards Carl Grundström and Lias Andersson have agreed to contract extensions with the Los Angeles Kings. Grundström got a two-year, $1.3 million deal, and Andersson got a one-year deal for $750,000. Grundström scored a career-high 15 points in 54 games last season with the Kings. The 24-year-old Swede also scored three goals in Los Angeles’ first-round playoff loss to Edmonton. Andersson scored two points in 20 games for Los Angeles last season. He was the seventh overall selection in the 2017 draft by the New York Rangers, who traded him to the Kings in October 2020 for a second-round draft pick.
Luis Arraez has evolved from longshot to oddity, from entertainer to achiever, from Twins utility player to All-Star. His evolution may not be complete.
The Arizona Coyotes have signed forward Christian Fischer to a one-year contract. Terms of the deal were not released. The 25-year-old Fischer has developed into a team leader in five seasons with the Coyotes with his work ethic and physical presence. Fischer had five goals and five assists in 53 games last season. The Chicago native has 43 goals and 41 assists in 318 career NHL games, all with Arizona. The Coyotes selected Fischer with the 32nd overall pick of the 2015 NHL draft.
Illinois Democrats on Monday criticized plans by the Kendall County Republican Party to raffle off a Smith & Wesson semi-automatic rifle similar to the one authorities say was used to kill seven people and wound dozens of others at the Highland Park Fourth of July parade.
R. Kelly was convicted of multiple sex-trafficking crimes in September and was sentenced to 30 years in federal prison last month. But before he was sentenced, one of his alleged victims claimed the two are actually engaged, and that he’s anything but an abuser.
Shortly after the U.S. Supreme Court ruling last month that expanded the right to carry firearms outside the home, gun rights activist Andrew Namiki Roberts rushed to the Honolulu Police Department to apply for four permits to carry handguns in public. He was fourth in line, surrounded by ex…
Lawyers for Johnny Depp are urging a Virginia judge to leave his $10 million defamation judgment intact after attorneys for his ex-wife, Amber Heard, asked the judge to set aside the verdict. In court papers filed Monday, Depp’s lawyers dispute arguments from Heard’s team that the jury’s verdict was nonsensical and unfounded. They also say the Heard team’s complaints about an apparent case of mistaken identity with one of the jurors are irrelevant. Last month, a civil jury in Fairfax awarded $10.35 million to Depp after finding he was defamed by Heard when she wrote an op-ed piece in The Washington Post about domestic violence. The jury also awarded $2 million to Heard on her counterclaim that she was defamed by one of Depp’s attorneys.
Hungary’s nationalist prime minister will speak at a conference of prominent U.S. conservatives, the latest sign of tightening relations between Hungarian and American conservatives. Prime Minister Viktor Orban’s office said Monday he has been invited to give an opening address at the Conservative Political Action Conference in Dallas on Aug. 4. In power since 2010, Orban has come under intense criticism in the European Union for rolling back democratic institutions under what he calls an “illiberal democracy.” But his tactics have won him popularity at home as well as the admiration of some American conservatives, who like his tough stance on migrants and LGBTQ issues.
A year ago, thousands of people filled Cuba’s streets and public squares in the country’s largest outpouring of protest in decades. On Monday’s anniversary, its main cities looked relatively normal. Students sat in at schools and people went to work, and as usual there were long lines of people looking for food or waiting for a bus as the island faces shortages in an economic crisis. Hundreds were arrested during the unrest last July, and some have been sentenced to up to 25 years in prison. That is about all the two sides agree on. Critics of the government say the events showed Cubans fighting against oppression. The authorities portray it as a moment when Cuba avoided a “soft coup” fomented by the U.S.
A federal appeals court based in Denver has agreed with six of the nation’s other 12 appeals courts that the First Amendment guarantee of free speech gives people the right to film police as they do their work in public. The 10th Circuit Court of Appeals ruled Monday in the case of a YouTube journalist and blogger who claimed that a suburban Denver officer blocked him from recording a 2019 traffic stop. Citing decisions from the other courts, the 10th Circuit said the right to record police was clearly established at the time and reinstated the lawsuit. The court oversees Oklahoma, Kansas, Colorado, Wyoming, New Mexico and Utah.
The NBA brought 28 players from historically Black colleges and universities for a showcase at summer league. It could help give those players opportunities at playing professional basketball somewhere. NBA, G League and international scouts watched the workout, which was run by four former NBA players who are now HBCU coaches.
ATLANTA — A federal judge has denied an attempt by advocacy organizations to throw out a part of Georgia’s voting law that prohibits mailing multiple absentee ballot applications to voters.
Four-time Olympic champion Mo Farah has disclosed he was brought into Britain illegally from Djibouti under the name of another child. The British athlete made the revelation in a BBC documentary. Farah says he was born in Somaliland as Hussein Abdi Kahin. Farah says his father was killed in the civil war and he was separated from his mother. Farah says he thought he was going to Europe to live with relatives and recalled going through a British passport check under the guise of Mohamed at the age of nine after traveling with a woman he didn’t previously know.
Jim Montgomery has a lot of work to do to prepare for his first season as the Boston Bruins’ head coach. And he knew just where to start. Montgomery made his first phone call to captain Patrice Bergeron to make sure the five-time Selke Award winner will be back in a Bruins uniform for a 19th season. Montgomery was hired to replace Bruce Cassidy three years after the Bruins lost in the seventh game of the Stanley Cup Final and two years after they reached 100 points in a pandemic-shortened season. Montgomery previously coached the Dallas Stars.
A Kentucky man charged with killing three officers in an ambush while police were serving a protective order has been indicted on 20 charges. Forty-nine-year-old Lance Storz was indicted Monday on three counts of murder of a police officer and six counts of attempted murder of an officer. Police say Storz opened fire on a group of officers on June 30 at his home in Floyd County. Storz was also indicted on seven counts of wanton endangerment against a police officer, three counts of assault and one count of assaulting a service animal.
Contenders around the NHL’s Western Conference are making moves to try to bridge the gap with the Stanley Cup champion Colorado Avalanche even before the start of free agency. After being swept by Colorado in the first round, the Nashville Predators acquired defenseman Ryan McDonagh and re-signed Filip Forsberg. After losing to the Avalanche in the conference final, the Edmonton Oilers cleared salary cap space to keep and add talent. The Minnesota Wild re-signed Marc-Andre Fleury to keep their goaltending tandem in tact. And the Los Angeles Kings extended a few players who are helping them be on the rise in the West.
New York Mets slugger Pete Alonso will try to become the first player to win the All-Star Home Run Derby in three consecutive years. Alonso was announced as the first of eight participants in the July 18 competition at Dodger Stadium in Los Angeles. He hit 74 total home runs in last year’s derby at Denver’s Coors Field and beat Baltimore’s Trey Mancini 23-22 in the final round. Alonso joined Ken Griffey Jr. and Yoenis Céspedes in winning consecutive titles. There was no derby in 2020, when the All-Star Game scheduled for Dodger Stadium was canceled due to the coronavirus pandemic. Alonso won the 2019 derby at Cleveland as a rookie when he defeated Vladimir Guerrero Jr. in the final round.
KANSAS CITY, Mo. — Kansas City Royals right-hander Brad Keller squelched the Detroit Tigers offense for the vast majority of seven innings to earn his third consecutive win and start his club off on a high note in the first game of a doubleheader.
The administration of Democratic Gov. Tom Wolf is asking the state’s high court to weigh in on a legal battle over Pennsylvania’s plan to charge power plants for their emissions of planet-warming carbon dioxide. The Pennsylvania Department of Environmental Protection is appealing lower court rulings that temporarily block the Wolf administration from implementing its carbon pricing policy. Under the policy, power plants fueled by coal, oil and natural gas are required to buy a credit for every ton of carbon dioxide they emit. Power plant operators contend the regulation will increase consumers’ electricity bills.
GRAND RAPIDS, Mich. — U.S. Transportation Secretary Pete Buttigieg said Monday the family connections of his husband, Chasten, helped inspire their decision to officially become Michiganians.
The White House says it believes Russia is turning to Iran to provide it with “hundreds” of unmanned aerial vehicles, including weapons-capable drones, for use in its ongoing war in Ukraine. U.S. National Security Adviser Jake Sullivan said Monday it was unclear whether Iran had already provided any of the unmanned systems to Russia, but said the U.S. has “information” that indicates Iran is preparing to train Russian forces to use them as soon as this month. Sullivan’s revelation comes on the eve of President Joe Biden’s trip to Israel and Saudi Arabia, where Iran’s activities will be a key subject of discussion.
The Biden administration is telling hospitals that they “must” provide abortion services if the life of the mother is at risk. It says federal law on emergency treatment guidelines preempts state laws in jurisdictions that now ban the procedure without any exceptions following the Supreme Court’s decision to end a constitutional right to abortion last month. The Department of Health and Human Services on Monday cites the Emergency Medical Treatment and Labor Act, which requires medical facilities to determine whether a person seeking treatment may be in labor or whether they face an emergency health situation — or one that could develop into an emergency — and to provide treatment.
JEFFERSON CITY, Mo. — Following the U.S. Supreme Court’s decision last month to strike down Roe v. Wade, a panel of federal judges on Friday ruled in favor of an appeal that allows Missouri to prohibit abortions that are based solely on whether a baby was diagnosed with Down syndrome.

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