ASSOCIATED CAPITAL GROUP, INC. (NYSE:AC) Files An 8-K Results of Operations and Financial Condition

ASSOCIATED CAPITAL GROUP, INC. (NYSE:AC) Files An 8-K Results of Operations and Financial Condition
Item 2.02

The following information is furnished to Item 2.02, “Results of Operations and Financial Condition.”
Associated Capital Group, Inc. (“AC” or the “Company”), announced today a range of its first quarter preliminary book value of $36.70 to $36.90 per share, driven largely by changes in mark-to-market values. This compares to $39.93 per share at December 31, 2019 and $39.38 at March 31, 2019.
Assets under management were $1.51 billion at March 31, 2020 as compared to $1.59 billion at March 31, 2019.
Associated Capital will be issuing further details on its financial results in early May.
The information furnished under Item 2.02, including the exhibit attached hereto, is not deemed “filed” for purposes Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated by reference into any registration statement or other document to the Securities Act of 1933, except otherwise as expressly stated in such filing.

Associated Capital Group, Inc. Exhibit
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1   191 Mason Street Greenwich,…
To view the full exhibit click here

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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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