Phoenix Financial Ltd. - 20 Feb 2025 Form 3 Insider Report for Ares Core Infrastructure Fund

Role: 10%+ Owner
Signature: /s/ Haggai Schreiber /s/ Eli Schwartz.
Issuer symbol: N/A
Transactions as of: 20 Feb 2025
Net transactions value: $0
Form type: 3
Filing time: 26 Mar 2025, 06:00:47 UTC
Previous filing: 28 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding		Common Shares of Beneficial Interest						$2,394,014	20 Feb 2025	See Footnote	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares are owned directly by Smart Capital Alternative Solutions S.V Ltd. ("Smart Capital"), which is a majority-owned subsidiary of the Reporting Person (which holds 72.45% of the share capital the voting rights of Smart Capital, while Mr. Moni Feller owns 11.57%, and each of Mr. Ido Berman and Mr. Guy Friedler owns (through a trustee) 7.99% of the share capital the voting rights of Smart Capital. The Reporting Person is an indirect beneficial owner of the reported securities.

Content

The shares are owned directly by Smart Capital Alternative Solutions S.V Ltd. ("Smart Capital"), which is a majority-owned subsidiary of the Reporting Person (which holds 72.45% of the share capital the voting rights of Smart Capital, while Mr. Moni Feller owns 11.57%, and each of Mr. Ido Berman and Mr. Guy Friedler owns (through a trustee) 7.99% of the share capital the voting rights of Smart Capital. The Reporting Person is an indirect beneficial owner of the reported securities.