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AC Reports Preliminary March 31 Book Value of $42.42 to $42.62 Per Share

1. AC's Q1 book value is projected between $42.42 and $42.62 per share. 2. This is an increase from $42.14 per share at the end of 2024. 3. Further financial details will be shared in May. 4. AC is a diversified financial services company with alternative investment management. 5. Proprietary capital earmarked for direct investments is developing under several core pillars.

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FAQ

Why Bullish?

The increase in book value reflects positive financial health. Historically, rising book values often correlate with stock price appreciation.

How important is it?

Rising book value can attract investment interest, indicating fundamental strength. The earnings announcement in May is pivotal for upcoming investor expectations.

Why Short Term?

The preliminary Q1 results are imminent, influencing investor sentiment quickly. Immediate reactions to book value updates often drive short-term stock movements.

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GCIAGPEPGPS
GREENWICH, Conn., April 04, 2025 (GLOBE NEWSWIRE) -- Associated Capital Group, Inc. (“AC” or the “Company”) (NYSE:AC), announced today a preliminary range for its first quarter book value of $42.42 to $42.62 per share. This compares to $42.14 per share at December 31, 2024. AC will be issuing further details on its financial results in May. About Associated Capital Group, Inc.Associated Capital Group, Inc. (NYSE: AC), based in Greenwich, Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA”). We have also earmarked proprietary capital for our direct investment business that invests in new and existing businesses. The direct investment business is developing along several core pillars including Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with $150 million of authorized capital as a “fund-less” sponsor. We also created Gabelli Principal Strategies Group, LLC (“GPS”) in December 2015 to pursue strategic operating initiatives. SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATIONOur disclosure and analysis in this press release contain “forward-looking statements”. Forward-looking statements convey 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. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds 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 what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.   Contact:Ian J. McAdamsChief Financial Officer(914) 921-5078Associated-Capital-Group.com

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