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Associated Capital Group Sets Registration Date for 2024 Shareholder Designated Charitable Contribution
ACAssociated Capital Group(AC) GlobeNewswire News Room·2024-09-09 20:15

Group 1 - Associated Capital Group, Inc. has set October 18, 2024, as the registration date for its 2024 Shareholder Designated Charitable Contribution (SDCC) of 0.20pershareforallregisteredClassAandClassBshareholders[1][2]Thetotalestimatedcontributionbasedon21.4millionoutstandingshareswillbeapproximately0.20 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]