Associated Capital Group Board Authorizes 500,000 Shares for Intial Stock Buyback Program

RYE, N.Y.--()--Associated Capital Group, Inc. (the “Company”) (NYSE:AC) announced today that its Board of Directors initiated a stock buyback program and authorized the repurchase of up to 500,000 shares of its Class A Common Stock at such times, prices and amounts to be determined by the Company.

The Company is a provider of alternative investment advisory services to institutional accounts, investment partnerships, and offshore funds via its majority owned subsidiary Gabelli Securities, Inc. The Company also provides research and brokerage services to institutional clients via its wholly owned subsidiary, G.research LLC. In addition, the Company manages proprietary assets.


Our disclosure and analysis in this press release may contain some forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. In particular, these include statements relating to future actions, future performance 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, there can be no assurance that our actual results will not differ materially from what we expect or believe. We also direct your attention to any more specific discussions of risk contained in our Form 10 and other public filings. We are providing these statements as permitted by the Private Litigation Reform Act of 1995. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations or if we receive any additional information relating to the subject matters of our forward-looking statements.


Associated Capital Group, Inc.
Patrick Dennis
Chief Financial Officer
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Associated Capital Group, Inc.