UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): February 17, 2015
Ares Multi-Strategy Credit Fund, Inc.
(Exact name of Registrant as specified in its charter)
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Maryland |
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001-36147 |
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46-2796427 |
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(State or other jurisdiction of |
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(Commission File Number) |
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(I.R.S. Employer Identification |
2000 Avenue of the Stars
12th Floor
Los Angeles, California 90067
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (310) 201-4100
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
Ares Multi-Strategy Credit Fund, Inc. (the “Fund”) (NYSE: ARMF) announced that, effective February 17, 2015, John Leupp has been named a co-portfolio manager of the Fund.
Mr. Leupp joined Ares Management in 2003 and serves as a portfolio manager within the Tradable Credit Group. Mr. Leupp will join Seth Brufsky and Keith Ashton, who have served as portfolio managers of the Fund since its inception.
A copy of the Fund’s press release is attached hereto as Exhibit 99.1and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Exhibits
Exhibit 99.1 Press Release announcing John Leupp’s appointment as an additional portfolio manager of the Fund, dated February 17, 2015.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ARES MULTI-STRATEGY CREDIT FUND, INC. | |
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Date: February 17, 2015 |
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/s/ Daniel Hall |
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Name: |
Daniel Hall |
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Title: |
Secretary |
Exhibit 99.1
ARES MULTI-STRATEGY CREDIT FUND, INC. AND ARES DYNAMIC CREDIT ALLOCATION FUND, INC. ANNOUNCE THE APPOINTMENT OF JOHN LEUPP AS AN ADDITIONAL PORTFOLIO MANAGER
NEW YORK—February 17, 2015—Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) and Ares Multi-Strategy Credit Fund, Inc. (NYSE: ARMF) announced that, effective February 17, 2015, John Leupp has been named a co-portfolio manager of ARDC and ARMF.
Mr. Leupp joined Ares Management in 2003 and serves as a portfolio manager within the Tradable Credit Group. Mr. Leupp will join Seth Brufsky and Keith Ashton, who have served as portfolio managers of both ARDC and ARMF since their respective inception dates.
“We are pleased to have John join our team of portfolio managers and believe his expertise managing high yield bond portfolios will benefit both Funds,” said Mr. Brufsky, who also serves as President, Chief Executive Officer and a Director of ARDC and ARMF.
About Ares Dynamic Credit Allocation Fund, Inc.
Ares Dynamic Credit Allocation Fund, Inc. (“ARDC”) is a non-diversified, closed-end management company that is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management, L.P. ARDC seeks to provide an attractive level of total return primarily through current income and, secondarily, through capital appreciation. ARDC invests in a broad, dynamically-managed portfolio of credit investments. There can be no assurance that ARDC will achieve its investment objective. ARDC’s net asset value may be accessed through its NASDAQ ticker symbol, XADCX. Additional information is available at www.arespublicfunds.com.
About Ares Multi-Strategy Credit Fund, Inc.
Ares Multi-Strategy Credit Fund, Inc. (“ARMF”) is a non-diversified, closed-end management company that is externally managed by Ares Capital Management II LLC. ARMF seeks to provide an attractive risk-adjusted level of total return, primarily through current income and, secondarily, through capital appreciation, by investing primarily in a broad, dynamically managed portfolio of below investment grade senior secured loans, high yield corporate bonds, other similar fixed-income instruments, including derivatives, collateralized loan obligations, and other asset backed securities. There can be no assurance that ARMF will achieve its investment objective. ARMF’s net asset value may be accessed through its NASDAQ ticker symbol, XAMFX. Additional information is available at www.arespublicfunds.com.
Ares Management, L.P. (NYSE: ARES) is a leading global alternative asset manager with approximately $84 billion in assets under management as of September 30, 2014(i).
Forward-Looking Statements
Statements included herein may constitute “forward-looking statements” within the meaning of the U.S. securities laws, and may relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and others beyond ARDC’s or ARMF’s control. Each of ARDC and ARMF undertakes no duty to update any forward-looking statements made herein.
This document is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted. An investor should consider the investment objective, risks, charges and expenses of ARDC and/or ARMF, as applicable, carefully before investing.
Ares Dynamic Credit Allocation Fund, Inc. and Ares Multi-Strategy Credit Fund, Inc. are closed-end funds, which do not engage in continuous offerings of their shares. Since their respective initial public offerings, ARDC and ARMF have traded on the New York Stock Exchange under the symbols ARDC and ARMF, respectively. Investors wishing to purchase or sell shares may do so by placing orders through a broker dealer or other intermediary.
Contact
Mendel Communications LLC
Bill Mendel, 212-397-1030
bill@mendelcommunications.com
or
Destra Capital Investments
ARDC@destracapital.com
(877) 855-3434
www.arespublicfunds.com
(i) Ares Management, L.P. is the parent to several registered investment advisers, including Ares Management LLC (collectively, “Ares”). AUM refers to the assets of the funds, alternative asset companies and other entities and accounts that are managed or co-managed by Ares, including funds managed by Ivy Hill Asset Management, L.P., a wholly owned portfolio company of Ares Capital Corporation, and a registered investment adviser. Amounts include drawn and undrawn commitments, including certain amounts that are subject to regulatory leverage restrictions and/or borrowing base restrictions. AUM amounts are as of September 30, 2014 and pro forma for Ares Management, L.P.’s acquisition of Energy Investors Funds, which closed on January 1, 2015 and is included in the Private Equity Group. AUM differences may arise due to rounding.