Associated Capital announces preliminary second quarter book value of $ 42.10 to $ 42.30 per share

GREENWICH, Connecticut – (COMMERCIAL THREAD) – Associated Capital Group, Inc. (“AC” or the “Company”), today announced a range of its preliminary second quarter book value of $ 42.10 to $ 42.30 per share, an increase compared to $ 41.22 per share as of March 31, 2021 driven largely by changes in mark-to-market values. This compares to $ 40.36 as of December 31, 2020 and $ 38.09 as of June 30, 2020.

Assets under management stood at $ 1.611 billion as of June 30, 2021 compared to $ 1.305 billion as of June 30, 2020.

Associated Capital will release more details of its financial results in early August.

About Associated Capital Group, Inc.

Associated Capital, based in Greenwich, Connecticut, is a diversified global financial services company providing alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA” f / k / a Gabelli Securities, Inc.). We have also allocated equity capital to our direct investment activities which invest in new and existing businesses. Direct investment activity is developed around three main pillars: Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with $ 150 million in authorized capital as a “fundless” sponsor; the SPAC (Gabelli Special Purpose Acquisition Vehicles) activity, launched in April 2018; and Gabelli Principal Strategies Group, LLC (“GPS”) created to pursue strategic operational initiatives.

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

Our disclosure and analysis in this press release contain “forward-looking statements”. Forward-looking statements convey our current expectations or our 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”, “plan”, “intend”, “plan”, “believe” and other words and terms with similar meanings. They also appear in any discussion of future operational 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. While we believe we base our expectations and beliefs on reasonable assumptions within the limits 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. of what to expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They do not constitute statements of historical fact nor guarantees or assurances of future performance.

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