SCHEDULE 13G/A

ARES ACQUISITION CORP II

Class A ordinary shares, $0.0001 par value per share · CUSIP: G33033104

Event date: 2025-06-30

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Westchester Capital Management, LLC

  Shares: 3,827,254 · Class: 6.19%

• Virtus Investment Advisers, LLC

  Shares: 3,722,765 · Class: 6.02%

• The Merger Fund

  Shares: 3,613,826 · Class: 5.84%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.