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Joel Holsinger Appointed Co-Chair of the Ares Charitable Foundation

1. Joel Holsinger appointed Co-Chair of Ares Charitable Foundation. 2. Ares Foundation has committed over $66 million to nonprofits since 2021.

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FAQ

Why Neutral?

Holsinger's appointment does not directly influence stock value; charitable activities often enhance brand image.

How important is it?

While the appointment may enhance Ares' corporate responsibility profile, it lacks immediate market implications.

Why No Impact?

Charitable appointments typically do not lead to immediate financial market changes; notable long-term branding benefits may exist.

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NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) (“Ares”) announced today that Joel Holsinger, Partner and Co-Head of Ares' Alternative Credit strategy, was appointed to the Board of Directors of the Ares Charitable Foundation (the “Ares Foundation”) to serve as Co-Chair alongside current Chair, Michael Arougheti, Chief Executive Officer of Ares. Since its launch in 2021, the Ares Foundation has committed more than $66 million to a global portfolio of nonprofit organizations t.

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