AC Reports Preliminary September 30 Book Value of $41.85 to $42.05 Per Share
Rhea-AI Summary
Associated Capital Group (NYSE:AC) has announced a preliminary range for its third quarter book value of $41.85 to $42.05 per share. This estimate excludes the $2 per share special dividend declared in September 2024, payable on November 4, 2024, to Class A and Class B shareholders of record on October 21, 2024. The current range compares to book values of:
- $42.87 at June 30, 2024
- $42.11 per share at December 31, 2023
- $41.43 per share at September 30, 2023
AC plans to release more detailed financial results in November.
Positive
- Declared a special dividend of $2 per share
- Book value per share increased from $41.43 in September 2023 to a range of $41.85-$42.05 in September 2024
Negative
- Book value per share decreased from $42.87 in June 2024 to a range of $41.85-$42.05 in September 2024
News Market Reaction
On the day this news was published, AC gained 1.82%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Associated Capital Group, Inc. (“AC” or the “Company”) (NYSE:AC), announced today a preliminary range for its third quarter book value of
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
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.
Contact:
Ian J. McAdams
Chief Financial Officer
(914) 921-5078
Associated-Capital-Group.com
FAQ
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