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Associated Capital Reports Estimated Fourth Quarter and Full Year Results

1. AC's Q4 book value estimated at $42.04 to $42.24 per share. 2. Special dividend of $2 per share issued on November 4, 2024. 3. Q3 book value was $42.02 per share, showing slight growth. 4. Further financial details to be released in February 2025.

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FAQ

Why Bullish?

The announcement of a special dividend often boosts investor confidence and stock demand, revealing a positive cash flow and financial health. Past examples indicate dividend announcements generally lead to upward price movements.

How important is it?

The article directly discusses AC's financial performance and dividend policy, which are crucial for investor decision-making. These factors significantly influence AC's pricing and market perception.

Why Short Term?

Investors typically react quickly to dividend announcements, impacting prices rapidly. However, the longer-term impact depends on subsequent earnings performance.

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NYSE: AC
GREENWICH, Conn., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Associated Capital Group, Inc. (“AC” or the “Company”) (NYSE: AC), announced today a preliminary range for its fourth quarter book value of $42.04 to $42.24 per share. These estimates reflect the $2 per share special dividend paid on November 4, 2024 to Class A and Class B shareholders of record on October 21, 2024. This range compares to book value of $42.02 per share at September 30, 2024. AC will be issuing further details on its financial results in February. 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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