4//SEC Filing
Ares Dynamic Credit Allocation Fund, Inc. 4
Accession 0001104659-15-063369
$ARDCCIK 0001515324other
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 9:24 PM ET
Size
5.6 KB
Accession
0001104659-15-063369
Insider Transaction Report
Form 4
SPECTOR BRUCE H
Director
Transactions
- Other
Common Stock
2015-08-31+7,280.825→ 11,280.83 total
Footnotes (1)
- [F1]Effective 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. The conversion ratio for the Target Fund's common shares was 1.21347090. In the Reorganization, Mr. Spector received 7280.8254 shares of common stock of the Acquiring Fund in exchange for his 6,000 shares of common stock of the Target Fund.
Documents
Issuer
Ares Dynamic Credit Allocation Fund, Inc.
CIK 0001515324
Entity typeother
IncorporatedNY
Related Parties
1- filerCIK 0001515324
Filing Metadata
- Form type
- 4
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 9:24 PM ET
- Size
- 5.6 KB