SEC Form 4 · accession 0001104659-15-063361
Ares Multi-Strategy Credit Fund, Inc. · ARMF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Seth J Brufsky
Officer — President and CEO · Director · Other
Period of report
Aug 31, 2015
Accepted (ET)
Sep 2, 2015 · 9:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001572280
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 31, 2015 | D | 14,237 | — | D | 0 | I | By The Seth J. Brufsky Living Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective as of August 31, 2015, Ares Multi-Strategy Credit Fund, Inc. (the "Target Fund") was reorganized into Ares Dynamic Credit Allocation Fund, Inc. (the "Acquiring Fund," and such reorganization, the "Reorganization"). In the Reorganization, common stockholders of the Target Fund received shares of common stock of the Acquiring Fund in an amount equal to the aggregate net asset value of shares of the Target Fund's common stock as determined at the close of business on August 28, 2015, less the costs of the Reorganization (although cash was distributed for any fractional shares). As of August 28, 2015, the Target Fund reported a net asset value per share of $21.020937 and the Acquiring Fund reported a net asset value per share of $17.322984.
- F2The conversion ratio for the Target Fund's common shares was 1.21347090. In the Reorganization, Mr. Brufsky received 17,276.59778 shares of common stock of the Acquiring Fund in exchange for his 14,237.34 shares of common stock of the Target Fund.