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AC Reports Preliminary September 30 Book Value of $41.85 to $42.05 Per Share
ACAssociated Capital Group(AC) GlobeNewswire News Room·2024-10-07 21:25

Group 1 - Associated Capital Group, Inc. announced a preliminary range for its third quarter book value of 41.85to41.85 to 42.05 per share, excluding a 2persharespecialdividenddeclaredinSeptember2024[1]Theestimatedbookvaluesshowadecreasefrom2 per share special dividend declared in September 2024 [1] - The estimated book values show a decrease from 42.87 at June 30, 2024, and 42.11atDecember31,2023,butanincreasefrom42.11 at December 31, 2023, but an increase from 41.43 at September 30, 2023 [1] - The company will provide further details on its financial results in November [1] Group 2 - 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. [2] - The company has earmarked proprietary capital for its direct investment business, which includes Gabelli Private Equity Partners, LLC, formed in August 2017 with $150 million of authorized capital [2] - Gabelli Principal Strategies Group, LLC was created in December 2015 to pursue strategic operating initiatives [2]