GREENWICH, Conn., Oct.  09, 2023  (GLOBE NEWSWIRE) -- Associated Capital Group, Inc. (“AC” or the “Company”) (NYSE: AC), announced today a preliminary range for its third quarter book value of $41.35 to $41.55 per share. This compares to $41.41 per share at June 30, 2023, $40.48 per share at December 31, 2022 and $39.96 per share at September 30, 2022.

Assets under management were $1.59 billion at September 30, 2023, compared to $1.75 billion at September 30, 2022.

AC will be issuing further details on its financial results in November.

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.

Contact:

Ian J. McAdamsInterim Co-Chief Financial Officer(914) 921-5078 Associated-Capital-Group.com

AC Reports Preliminary September 30 Book Value of $41.35 to

Associated Capital Group, Inc. announced a preliminary range for its third quarter book value of $41.35 to $41.55 per share, with assets under management at $1.59 billion at September 30, 2023.