Associated Capital Group Charitable Contribution Update
Associated Capital Group Announces Shareholder Contributions
GREENWICH, Conn. – Associated Capital Group, Inc. (NYSE: AC) is excited to announce the registration date for its 2024 Shareholder Designated Charitable Contribution (SDCC), which will take place on October 18. AC has once again demonstrated its commitment to charitable giving by approving a $0.20 per share donation for its valued Class A and Class B shareholders.
Registration Process for Shareholders
Shareholders wishing to participate in this initiative must register their shares with Computershare, the company’s transfer agent, by the specified registration date. This process will ensure that shareholders can choose a 501(c)(3) charitable organization to receive the designated contribution.
Significant Impact on Charitable Organizations
With approximately 21.4 million shares currently outstanding, the total contribution from AC is anticipated to reach around $4.3 million. This generous commitment is part of AC’s ongoing efforts to support a diverse range of charitable causes. In late October, the company will distribute forms to approved shareholders that will allow them to designate eligible charities. Furthermore, shareholders can conveniently select charitable organizations through AC’s website.
Supporting Eligible Charities
The list of participating charities includes numerous organizations that make a meaningful difference locally, nationally, and internationally. AC encourages shareholders to visit Guidestar.org for a comprehensive overview of eligible charities, enhancing their option to designate contributions to worthy causes.
Historical Contributions and Impact
Since its inception as a public company, Associated Capital Group has distinguished itself by contributing approximately $42 million to over 190 different charities. These donations underscore AC’s dedication to philanthropy and its proactive stance on addressing pressing social issues.
About Associated Capital Group, Inc.
Associated Capital, located in Greenwich, Connecticut, operates as a diverse financial services entity offering alternative investment management through Gabelli & Company Investment Advisers, Inc. (GCIA). Additionally, the company allocates proprietary capital for direct investments in both new ventures and established organizations. The direct investment arm is centered around substantial initiatives, including Gabelli Private Equity Partners, LLC (GPEP), which emerged in 2017 with $150 million of authorized capital. Another initiative, Gabelli Principal Strategies Group, LLC (GPS), was formed in late 2015 to explore strategic operational initiatives.
Contact Information
For further information about Associated Capital Group, or for inquiries regarding the SDCC, please reach out to:
Ian J. McAdams
Chief Financial Officer
(914) 921-5078
info@associated-capital-group.com
Frequently Asked Questions
What is the SDCC?
The Shareholder Designated Charitable Contribution (SDCC) allows shareholders to choose a charity to receive contributions based on their shares held.
When is the registration date for the SDCC?
The registration date for the 2024 SDCC is set for October 18, 2024.
How much will Associated Capital contribute?
Associated Capital Group has committed to contributing $0.20 per share, totaling approximately $4.3 million, to registered charities.
Where can I find eligible charities for designation?
Shareholders can visit Guidestar.org to find a list of eligible charities for designation.
How long has Associated Capital been contributing to charities?
Since becoming a public entity, Associated Capital has contributed around $42 million to over 190 charities globally.
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