Associated Capital Group’s Board of Directors Approves $3.3 Million Shareholder Designated Charitable Contribution, Bringing Total to $34 Million
29 Novembro 2022 - 10:46AM
Business Wire
The Board of Associated Capital Group (NYSE: AC) has approved a
$0.15 per share Shareholder Designated Charitable Contribution
(“SDCC”) for all registered Class A and Class B shareholders. To be
eligible, shareholders will have until December 31, 2022 to
register shares directly with Computershare, AC’s transfer agent.
Shareholders will then have an opportunity to designate a 501(c)(3)
organization to receive the $0.15 per share SDCC.
Based on the approximately 22 million shares currently
outstanding, AC’s total contribution will be approximately $3.3
million. In early January, AC will provide forms to registered
holders to designate recognized 501(c)(3) organizations. A list of
eligible charities is available at Guidestar.org
(https://www.guidestar.org/search).
Since its inception as a public company, through the SDCC, the
shareholders of AC have donated approximately $34 million to over
160 different charities that address a broad range of local,
national, and international concerns.
About Associated Capital Group, Inc.
Associated Capital, based in Greenwich, Connecticut, is a
diversified global financial services company that provides
alternative investment management through Gabelli & Company
Investment Advisers, Inc. (“GCIA” f/k/a Gabelli Securities, Inc.).
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: Gabelli Private Equity Partners, LLC (“GPEP”), formed in
August 2017 with $150 million of authorized capital as a
“fund-less” sponsor; and Gabelli Principal Strategies Group, LLC
(“GPS”), created to pursue strategic operating 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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221128005765/en/
Douglas R. Jamieson Chief Executive Officer (203) 629-9595
info@associated-capital-group.com
Associated Capital (NYSE:AC)
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