Group 1 - Air Canada reached a tentative four-year deal with the Air Line Pilots Association (ALPA), representing over 5,200 pilots, avoiding a potential strike that could have disrupted operations [1][2] - The terms of the deal will remain confidential until a ratification vote by union members and approval by Air Canada's Board of Directors, expected to occur within the next month [1][2] - The new deal acknowledges the contributions and professionalism of pilots and aims to provide a framework for the carrier's growth [2] Group 2 - Without a deal, either side could have issued a 72-hour strike or lockout notice, which could have started as early as last Sunday [2] - Air Canada shares on the Toronto Stock Exchange (TSX) have declined by 15% this year [2]

Group 1 - Air Canada is preparing to shut down most of its operations due to a potential strike or lockout resulting from a labor dispute with its pilots [1] - The airline has warned that if no agreement is reached with the Air Line Pilots Association (ALPA) by Sunday, either side can issue a 72-hour strike or lockout notice, leading to a wind-down plan that would suspend all flights by September 18 [1] - The union represents over 5,200 pilots for both Air Canada and Air Canada Rouge [2] Group 2 - Air Canada CEO Michael Rousseau stated that the ALPA's salary demands exceed average Canadian wage increases, and a shutdown is likely unless the union moderates its demands [3] - The ALPA chair accused Air Canada of not addressing key issues such as fair compensation and quality-of-life improvements during negotiations [3] - Air Canada is negotiating with other carriers to provide seats for customers if a strike occurs, and passengers with canceled flights will receive full refunds and can reschedule trips without charge [3] Group 3 - Air Canada shares fell nearly 2% on the Toronto Stock Exchange (TSX) [4]

Group 1 - Associated Capital Group, Inc. has set October 18, 2024, as the registration date for its 2024 Shareholder Designated Charitable Contribution (SDCC) of $0.20 per share for all registered Class A and Class B shareholders [1][2] - The total estimated contribution based on 21.4 million outstanding shares will be approximately $4.3 million, with forms provided to registered holders to designate recognized 501(c)(3) charitable organizations by December 6, 2024 [2] - Since becoming a public company, shareholders of Associated Capital have donated approximately $42 million to over 190 different charities addressing various local, national, and international concerns [2] Group 2 - Associated Capital is a diversified global financial services company based in Greenwich, Connecticut, providing alternative investment management through Gabelli & Company Investment Advisers, Inc. [3] - The company has earmarked proprietary capital for its direct investment business, which includes Gabelli Private Equity Partners, LLC, formed in August 2017 with $150 million of authorized capital, and Gabelli Principal Strategies Group, LLC, created in December 2015 [3]

Financial Performance - Total revenues for Q2 2024 were $2.6 million, an increase from $2.4 million in Q2 2023, with GAMCO International SICAV revenues rising to $1.3 million from $1.0 million[103]. - Net income attributable to shareholders for Q2 2024 was $2.985 million, down from $3.371 million in Q2 2023, representing a decrease of about 11.4%[102]. - Total revenues for the six months ended June 30, 2024, were $5.6 million, an increase of 16.7% compared to $4.8 million in the same period of 2023[107]. - Interest and dividend income increased to $7.9 million in the 2024 quarter from $6.0 million in the 2023 quarter, driven by higher sustained interest rates[106]. - Net cash provided by operating activities was $28.6 million for the six months ended June 30, 2024, compared to $179.4 million in the same period of 2023[119][120]. Expenses - Total expenses increased to $6.269 million in Q2 2024 from $5.853 million in Q2 2023, marking an increase of approximately 7.1%[102]. - Compensation expenses rose to $3.942 million in Q2 2024 from $3.789 million in Q2 2023, primarily due to higher stock-based compensation[105]. - Management fee expense for Q2 2024 was $0.442 million, down from $0.544 million in Q2 2023, indicating a decrease of about 18.7%[102]. - Other operating expenses increased to $4.1 million during the six months ended June 30, 2024, compared to $3.0 million in the prior year, driven by marketing expenses on the newly realigned SICAV[109]. - Compensation expenses rose to $7.8 million for the six months ended June 30, 2024, compared to $7.4 million in the prior year, primarily due to higher stock-based compensation[109]. Assets and Equity - Average assets under management (AUM) decreased to $1,446 million in Q2 2024 from $1,640 million in Q2 2023, reflecting a decline of approximately 11.8%[95]. - The company ended Q2 2024 with approximately $880.6 million in cash and investments, providing flexibility for strategic objectives[99]. - Total shareholders' equity increased to $915.5 million as of June 30, 2024, up from $907.0 million at the end of 2023, reflecting a growth of approximately 0.6%[100]. - Assets under management decreased to $1.4 billion as of June 30, 2024, down from $1.6 billion at December 31, 2023, primarily due to investor outflows[112]. - Total AUM for Merger Arbitrage decreased by 14.1% from $1.312 billion at December 31, 2023, to $1.127 billion at June 30, 2024[113]. Legal Matters - The company is not currently subject to any legal proceedings that involve claims exceeding 10% of its consolidated assets[127]. - Management believes that potential legal matters are not material to the company's financial condition, operations, or cash flows as of June 30, 2024[127]. - The condensed consolidated financial statements include necessary provisions for probable and estimable losses related to legal actions[127]. - The company evaluates reasonably possible losses and makes necessary disclosures if material[127]. - The company may be named in legal actions seeking substantial or indeterminate compensatory damages[127]. - The company is subject to governmental or regulatory examinations that could result in adverse judgments or settlements[127]. - Legal actions may seek punitive damages or injunctive relief[127]. - The company has provisions for losses that it believes are probable[127]. - Management assesses the materiality of potential losses from legal proceedings[127]. - The company is not currently facing any material legal challenges that could impact its financial performance[127]. Operating Loss - The company reported an operating loss of $3.674 million for Q2 2024, compared to an operating loss of $3.471 million in Q2 2023[102]. Tax Rate - The effective tax rate for the three months ended June 30, 2024, was 19.1%, significantly lower than 35.8% in the same period of 2023, due to deferred tax benefits from a foreign investment[107]. Investment Performance - Investment losses were $0.2 million in the 2024 quarter, a decline from gains of $3.3 million in the comparable 2023 quarter[106]. Book Value - Book value per share increased to $42.87 as of June 30, 2024, compared to $41.41 as of June 30, 2023, reflecting a growth of approximately 3.5%[95].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 8, 2024 ASSOCIATED CAPITAL GROUP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) Delaware 1-37387 47-3965991 191 Mason Street, Greenwich, CT 06830 (Address of principal exe ...

AUM: $1.36 billion at June 30, 2024 compared to $1.55 billion at March 31, 2024Book Value per share ended the quarter at $42.87 per share vs $42.80 at March 31, 2024Returned $4.4 million to shareholders through dividend and share repurchases in the second quarterBoard approves $0.20 per share Shareholder Designated Charitable Contribution ("SDCC") GREENWICH, Conn., Aug. 07, 2024 (GLOBE NEWSWIRE) --  Associated Capital Group, Inc. ("AC" or the "Company"), a diversified financial services company, today repor ...

AUM: $1.36 billion at June 30, 2024 compared to $1.55 billion at March 31, 2024Book Value per share ended the quarter at $42.87 per share vs $42.80 at March 31, 2024Returned $4.4 million to shareholders through dividend and share repurchases in the second quarterBoard approves $0.20 per share Shareholder Designated Charitable Contribution ("SDCC") GREENWICH, Conn., Aug. 07, 2024 (GLOBE NEWSWIRE) --  Associated Capital Group, Inc. (“AC” or the “Company”), a diversified financial services company, today repor ...

GREENWICH, Conn., July 08, 2024 (GLOBE NEWSWIRE) -- Associated Capital Group, Inc. ("AC" or the "Company") (NYSE:AC), announced today a preliminary range for its second quarter book value of $42.75 to $42.95 per share. This compares to $42.80 per share at March 31, 2024, $42.11 per share at December 31, 2023 and $41.41 per share at June 30, 2023. AC will be issuing further details on its financial results in August. About Associated Capital Group, Inc.Associated Capital Group, Inc. (NYSE:AC), based in Green ...

GREENWICH, Conn., July 08, 2024 (GLOBE NEWSWIRE) -- Associated Capital Group, Inc. (“AC” or the “Company”) (NYSE:AC), announced today a preliminary range for its second quarter book value of $42.75 to $42.95 per share. This compares to $42.80 per share at March 31, 2024, $42.11 per share at December 31, 2023 and $41.41 per share at June 30, 2023. AC will be issuing further details on its financial results in August. About Associated Capital Group, Inc.Associated Capital Group, Inc. (NYSE: AC), based in Gree ...

Financial Performance - Revenue for the quarter increased by 15% compared to the same period last year [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses were reduced by 8% due to cost-saving initiatives [3]. Market Expansion - The company entered two new international markets, increasing its global presence to 15 countries [4]. - Sales in the Asia-Pacific region grew by 25%, driven by strong demand in China and India [5]. - A new distribution center was opened in Europe to support future growth [6]. Product Development - Launched three new products, which contributed 20% of total revenue this quarter [7]. - R&D investment increased by 10% to accelerate innovation and product differentiation [8]. - Customer feedback on the new product line has been overwhelmingly positive [9]. Operational Efficiency - Supply chain optimization led to a 5% reduction in delivery times [10]. - Inventory turnover improved by 12%, reflecting better inventory management [11]. - The company implemented a new ERP system to streamline operations [12]. Strategic Partnerships - Formed a strategic alliance with a leading technology provider to enhance product offerings [13]. - Collaborated with a major retailer to expand distribution channels [14]. - Signed a long-term agreement with a key supplier to ensure stable raw material costs [15]. Employee Engagement - Employee satisfaction scores increased by 10% following the introduction of new wellness programs [16]. - The company invested in training programs, resulting in a 15% improvement in employee productivity [17]. - A new leadership development program was launched to prepare future leaders [18]. Sustainability Initiatives - Reduced carbon emissions by 20% through the adoption of renewable energy sources [19]. - Achieved a 30% reduction in water usage across all manufacturing facilities [20]. - The company committed to achieving net-zero emissions by 2030 [21]. Customer Experience - Customer retention rates improved by 5% due to enhanced service offerings [22]. - Introduced a new loyalty program, which saw a 10% increase in customer engagement [23]. - Customer satisfaction scores reached an all-time high of 90% [24]. Risk Management - Implemented new cybersecurity measures to protect customer data [25]. - Conducted a comprehensive risk assessment to identify potential vulnerabilities [26]. - Established a crisis management team to respond to unforeseen events [27]. Corporate Governance - Appointed two new independent directors to the board, enhancing governance [28]. - Revised the company's code of conduct to align with global best practices [29]. - Increased transparency by publishing detailed quarterly reports [30]. Shareholder Value - Declared a quarterly dividend of $0.50 per share, representing a 10% increase [31]. - Share buyback program reduced outstanding shares by 5% [32]. - Stock price increased by 18% over the past quarter, outperforming the market [33].