Associated Capital Group Announces its 2019 Shareholder-Designated Charitable Contribution Program
October 30 2019 - 10:00AM
Business Wire
Associated Capital Group, Inc.’s (NYSE: AC) Board of Directors
approved a 2019 allocation to its Shareholder-Designated Charitable
Contribution Program. The 2019 program permits each shareholder to
designate a charity to which the company will make a donation of
$0.20 per share on behalf of the shareholder. Over its first three
years as a public company, AC donated approximately $15 million
under the program to over 100 different charities that address a
broad range of local, national, and international concerns.
The Company has set November 30, 2019 as the record date for
participation in the program. The program is available to all
registered shareholders. Shareholders that wish to register their
shares in order to participate in the program should contact their
broker or custodian to make the necessary arrangements. Any
questions concerning qualification to participate in the program
can be addressed to ACDonations@gabelli.com.
In January 2020, we will provide eligible shareholders with
access to designation forms and will make the charitable
contributions on the shareholders’ behalf in early 2020. Only
charities that are recognized 501(c)(3) organizations will be
qualified to receive donations under the program. A list of
eligible charities is available at Guidestar.org
(https://www.guidestar.org/search).
About Associated Capital Group, Inc.
AC operates as a diversified financial services business
providing asset management emphasizing event-driven value and
merger arbitrage-oriented alternative investment portfolios for
institutions and high net worth investors; institutional research
services; and broker-dealer and underwriting services. AC also
derives investment income/(loss) from proprietary trading of assets
awaiting deployment in its operating businesses.
Forward-looking statements
Forward-looking statements involve a number of known and unknown
risks, uncertainties and other important factors, some of which are
listed below, that are difficult to predict and could cause actual
results and outcomes to differ materially from any future results
or outcomes expressed or implied by such forward-looking
statements. Some of the factors that could cause our actual results
to differ from our expectations or beliefs include a decline in the
securities markets that adversely affect our assets under
management, negative performance of our products, the failure to
perform as required under our investment management agreements, and
a general downturn in the economy that negatively impacts our
operations. We also direct your attention to the more specific
discussions of these and other risks, uncertainties and other
important factors contained in the prospectus/offer to exchange and
other public filings. Other factors that could cause our actual
results to differ may emerge from time to time, and it is not
possible for us to predict all of them. We do not undertake to
update publicly any forward-looking statements if we subsequently
learn that we are unlikely to achieve our expectations whether as a
result of new information, future developments or otherwise, except
as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20191030005176/en/
Douglas R. Jamieson President & CEO (203) 629-2726
Associated-Capital-Group.com
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