AC Reports Preliminary June 30 Book Value of $42.75 to $42.95 Per Share

Core Insights - Associated Capital Group, Inc. announced a preliminary range for its second quarter book value of $42.75 to $42.95 per share, reflecting a slight increase from $42.80 per share at March 31, 2024, and a notable rise from $41.41 per share at June 30, 2023 [1] Company Overview - Associated Capital Group, Inc. is a diversified global financial services company based in Greenwich, Connecticut, providing alternative investment management through Gabelli & Company Investment Advisers, Inc. The company has also allocated proprietary capital for direct investments in new and existing businesses [2] Direct Investment Business - The direct investment business of Associated Capital Group is developing along several core pillars, including Gabelli Private Equity Partners, LLC, which was formed in August 2017 with $150 million of authorized capital as a "fund-less" sponsor, and Gabelli Principal Strategies Group, LLC, created in December 2015 to pursue strategic operating initiatives [2]