Associated Capital Group, Inc. (NYSE: AC), (the “Company”), announced today that its Board has authorized the Company to explore an offer to exchange shares of its common stock for shares of Morgan Group Holding Company, (OTC: MGHL) (“Morgan”). The analysis should be concluded no later than the end of the first quarter of 2020. There are no assurances that an exchange offer will result.
Associated Capital Group, Inc. Exhibit
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 191 Mason Street Greenwich,…
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Associated Capital Group, Inc. is the parent operating company for the Spin-off of GAMCO Investors, Inc.’s (GAMCO’s) alternative investment management business, institutional research services operations and certain cash and other assets. The Company operates through the investment advisory and asset management business segment. The Company conducts its investment advisory business principally through Gabelli Securities, Inc. (GSI). GSI and its subsidiary, Gabelli & Partners, LLC (Gabelli & Partners), collectively serve as general partners, co-general partners or investment managers to investment funds, including limited partnerships and offshore companies (collectively, Investment Partnerships), and separate accounts. The Company primarily manages assets in equity event-driven value strategies, across a range of risk and event arbitrage portfolios. The Company operates its institutional research services operations through G.research, LLC (G.research), a subsidiary of GSI.

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