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.
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