GREENWICH, Conn.–(BUSINESS WIRE)–Associated Capital Group, Inc. (“AC” or the “Company”) today announced its preliminary book value range for the first quarter of $41.62 to $41.82 per share. This compares to $42.48 per share as of December 31, 2021 and $41.22 as of March 31, 2021.
Assets under management were $1.84 billion as of March 31, 2022, compared to $1.50 billion as of March 31, 2021.
Associated Capital will release further details on its financial results in early May.
About Associated Capital Group, Inc.
Associated Capital, based in Greenwich, Connecticut, is a diversified global financial services firm that offers alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA” f/k/a Gabelli Securities, Inc. ). We have also reserved exclusive capital for our direct investment activities which invest in new and existing businesses. The direct investment business is built around three main pillars: Gabelli Private Equity Partners, LLC (“GPEP”), established in August 2017 with an authorized capital of $150 million as a “fundless” sponsor; the SPAC (Special Purpose Acquisition Vehicles Gabelli) activity, launched in April 2018; and Gabelli Principal Strategies Group, LLC (“GPS”), created to pursue strategic operational initiatives.
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