0001144204-14-062287.txt : 20141022 0001144204-14-062287.hdr.sgml : 20141022 20141022132929 ACCESSION NUMBER: 0001144204-14-062287 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141022 DATE AS OF CHANGE: 20141022 GROUP MEMBERS: LEIGH SILVER ROTH LLC GROUP MEMBERS: ROMY SILVER ROTH LLC GROUP MEMBERS: SHERLEIGH ASSOCIATES INC. PROFIT SHARING PLAN GROUP MEMBERS: SHIRLEY SILVER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Ares Multi-Strategy Credit Fund, Inc. CENTRAL INDEX KEY: 0001572280 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88363 FILM NUMBER: 141167371 BUSINESS ADDRESS: STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: (310) 201-4100 MAIL ADDRESS: STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SILVER JACK CENTRAL INDEX KEY: 0000922714 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: 660 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10021 SC 13G 1 v391807_sc13g.htm FORM SC 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D. C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

(Amendment No. __)*

 

ARES MULTI-STRATEGY CREDIT FUND, INC.

 

 (Name of Issuer)

 

Common Stock, par value $0.001 per share

 

 (Title of Class of Securities)

 

04014Q108

 

(CUSIP Number)

 

September 16, 2014

 

 (Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 

 

 

 
CUSIP No. 04014Q108

 

1

NAME OF REPORTING PERSON

JACK SILVER

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)  ¨
(b) x
3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

UNITED STATES

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

386,663

6

SHARED VOTING POWER

560

7

SOLE DISPOSITIVE POWER

386,663

 

8

SHARED DISPOSITIVE POWER

560

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

387,223

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.4%

 

12

TYPE OF REPORTING PERSON

IN

 

           

 

 
CUSIP No. 04014Q108

 

1

NAME OF REPORTING PERSON

sherleigh associates inc. profit sharing plan

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)  ¨
(b) x
3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

UNITED STATES

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

246,063

6

SHARED VOTING POWER

0

7

SOLE DISPOSITIVE POWER

246,063

 

8

SHARED DISPOSITIVE POWER

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

246,063

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.7%

 

12

TYPE OF REPORTING PERSON

EP

 

           

 

 
CUSIP No. 04014Q108

 

1

NAME OF REPORTING PERSON

LEIGH SILVER ROTH LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)  ¨
(b) x
3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

NEW YORK

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

70,000

6

SHARED VOTING POWER

0

7

SOLE DISPOSITIVE POWER

70,000

 

8

SHARED DISPOSITIVE POWER

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

70,000

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

1.4%

 

12

TYPE OF REPORTING PERSON

PN

 

           
 
CUSIP No. 04014Q108

 

1

NAME OF REPORTING PERSON

ROMY SILVER ROTH LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)  ¨
(b) x
3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

NEW YORK

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

70,000

6

SHARED VOTING POWER

0

7

SOLE DISPOSITIVE POWER

70,000

 

8

SHARED DISPOSITIVE POWER

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

70,000

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

1.4%

 

12

TYPE OF REPORTING PERSON

PN

 

           

 

 
CUSIP No. 04014Q108

 

1

NAME OF REPORTING PERSON

SHIRLEY SILVER

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)  ¨
(b) x
3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

UNITED STATES

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

560

7

SOLE DISPOSITIVE POWER

0

 

8

SHARED DISPOSITIVE POWER

560

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

560

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

0.0%

 

12

TYPE OF REPORTING PERSON

IN

 

           
 
CUSIP No. 04014Q108

 

Item 1.

 

(a) Name of Issuer:

 

Ares Multi-Strategy Credit Fund, Inc.

 

(b) Address of Issuer’s Principal Executive Offices:

 

2000 Avenue Of the Stars

12th Floor

Los Angeles, CA 90067

 

Item 2.

 

(a) Name of Person Filing:

 

Jack Silver

Sherleigh Associates Inc. Profit Sharing Plan

Leigh Silver Roth LLC

Romy Silver Roth LLC

Shirley Silver

 

(b) Address of Principal Business Office or, if none, Residence:

 

80 Columbus Circle PH76A

New York, NY 10023

 

(c) Citizenship:

 

United States

 

(d) Title of Class of Securities:

 

Common Stock, par value $0.001 per share

 

(e) CUSIP Number:

 

04014Q108

 

 
CUSIP No. 04014Q108

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)  ¨ Broker or Dealer registered under Section 15 of the Act
     
(b)  ¨ Bank as defined in section 3(a)(6) of the Act
     
(c)  ¨ Insurance Company as defined in section 3(a)(19) of the Act
     
(d)  ¨ Investment Company registered under section 8 of the Investment Company Act of 1940
     
(e)  ¨ Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E)
     
(f)  ¨ Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F)
     
(g)  ¨ Parent Holding Company or Control Person, in accordance with Rule 13d-1(b)(1)(ii)(G)
     
(h)  ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act
     
(i)  ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940
     
(j)  ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J)
     
(k)  ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K)

 

Item 4. Ownership.

 

(a) – (c)

 

As of October 21, 2014, the reporting persons beneficially owned, in the aggregate, 387,223 shares of common stock of Ares Multi-Strategy Credit Fund, Inc. (the “Common Stock”) representing 7.4% of the outstanding common stock, based on 5,204,200 shares of Common Stock outstanding as reported in the issuer’s definitive proxy statement on Schedule 14A. Such shares of Common Stock include (a) 600 shares held by Jack Silver, (b) 246,063 shares held by Sherleigh Associates Inc. Profit Sharing Plan, a trust of which Mr. Silver is the trustee, (c) 70,000 shares held by Leigh Silver Roth LLC, a limited liability company of which Mr. Silver is a manager, (d) 70,000 shares held by Romy Silver Roth LLC, a limited liability company of which Mr. Silver is a manager, and (e) 560 shares held by Shirley Silver, Mr. Silver’s spouse.

 

Mr. Silver has the sole voting and dispositive power with respect to 386,663 shares of Common Stock, and shares voting and dispositive power with Shirley Silver with respect to 560 shares of Common Stock held by Shirley Silver.

 

 
CUSIP No. 04014Q108

  

Item 5. Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 

Not applicable.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

 

Not applicable.

 

Item 8. Identification and Classification of Members of the Group.

 

Not applicable.

 

Item 9. Notice of Dissolution of Group.

 

Not applicable.

 

Item 10. Certification.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purposes or effect, other than activities solely in connection with a nomination under Rule 14a-11.

 

 
CUSIP No. 04014Q108

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

  October 22, 2014
  Date
     
  /s/ Jack Silver
  Signature
     
  Jack Silver
  Name/Title
     
  Sherleigh Associates Inc. Profit Sharing Plan
     
  By: /s/ Jack Silver
  Name: Jack Silver
  Title: Trustee
     
  Leigh Silver Roth LLC
     
  By: /s/ Jack Silver
  Name: Jack Silver
  Title: Manager
     
  Romy Silver Roth LLC
     
  By: /s/ Jack Silver
  Name: Jack Silver
  Title:   Manager
     
  /s/ Shirley Silver
  Shirley Silver