AC reports preliminary book value as of June 30 of $42.75 to $42.95 per share

GREENWICH, Conn., July 8, 2024 (GLOBE NEWSWIRE) — Associated Capital Group, Inc. (“AC” or the “Company”) (NYSE:AC), today announced a preliminary range for second quarter book value of $42.75 to $42.95 per share. For comparison, book value was $42.80 per share at March 31, 2024, $42.11 at December 31, 2023, and $41.41 per share at June 30, 2023.

AC will provide further details on its financial results in August.

About Associated Capital Group, Inc.
Associated Capital Group, Inc. (NYSE: AC), based in Greenwich, Connecticut, is a diversified global financial services firm that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA”). We also have dedicated proprietary capital to our direct investment business, which invests in new and existing companies. The direct investment business is evolving along several core pillars, including Gabelli Private Equity Partners, LLC (“GPEP”), which was formed in August 2017 with $150 million in authorized capital as a “fundless” sponsor. In December 2015, we also formed Gabelli Principal Strategies Group, LLC (“GPS”) to pursue strategic operating initiatives.

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
Our disclosure and analysis in this press release contains “forward-looking statements.” Forward-looking statements reflect our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. These include, without limitation, statements regarding future actions, future performance of our products, expenditures, the outcome of legal proceedings and financial results. Although we believe that our expectations and beliefs are based on reasonable assumptions within the scope of what we currently know about our business and operations, the economy and other conditions, there can be no assurance that our actual results will not differ materially from our expectations or beliefs. Therefore, you should exercise caution when relying on these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

Contact:
Ian J. McAdams
Chief Financial Officer
(914) 921-5078
Associated-Capital-Group.com