Associated Capital Group Announces Shareholder Contributions
GREENWICH, Conn. – Associated Capital Group, Inc. (NYSE: AC) is pleased to announce the registration date for its 2024 Shareholder Designated Charitable Contribution (SDCC), which is set for October 18. Once again, AC has shown its dedication to charitable giving by approving a donation of $0.20 per share for its esteemed Class A and Class B shareholders.
Registration Process for Shareholders
Shareholders who wish to take part in this initiative need to register their shares with Computershare, the company’s transfer agent, by the registration date. This process ensures that shareholders can select a 501(c)(3) charitable organization to receive their designated contribution.
Significant Impact on Charitable Organizations
With around 21.4 million shares currently outstanding, AC's total contribution is expected to be approximately $4.3 million. This generous commitment is part of AC’s ongoing mission to support a variety of charitable causes. In late October, the company will send forms to approved shareholders, enabling them to designate eligible charities. Additionally, shareholders can easily choose charitable organizations through AC’s website.
Supporting Eligible Charities
The list of participating charities features numerous organizations that make a significant impact at local, national, and international levels. AC encourages shareholders to visit Guidestar.org for a detailed overview of eligible charities, providing them with options to designate their contributions to meaningful causes.
Historical Contributions and Impact
Since becoming a public company, Associated Capital Group has made a remarkable impact by contributing approximately $42 million to over 190 different charities. These donations highlight AC’s commitment to philanthropy and its proactive approach to addressing critical social issues.
About Associated Capital Group, Inc.
Located in Greenwich, Connecticut, Associated Capital operates as a diverse financial services firm that offers alternative investment management through Gabelli & Company Investment Advisers, Inc. (GCIA). The company also allocates proprietary capital for direct investments in both new ventures and established firms. Its direct investment arm focuses on significant initiatives, such as Gabelli Private Equity Partners, LLC (GPEP), which was launched in 2017 with $150 million of authorized capital. Another initiative, Gabelli Principal Strategies Group, LLC (GPS), was established in late 2015 to explore strategic operational initiatives.
Contact Information
For more information about Associated Capital Group or inquiries regarding the SDCC, please contact:
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 select a charity to receive contributions based on the number of shares they hold.
When is the registration date for the SDCC?
The registration date for the 2024 SDCC is October 18, 2024.
How much will Associated Capital contribute?
Associated Capital Group has pledged to contribute $0.20 per share, which totals approximately $4.3 million, to registered charities.
Where can I find eligible charities for designation?
Shareholders can visit Guidestar.org to access a list of eligible charities for designation.
How long has Associated Capital been contributing to charities?
Since becoming a public entity, Associated Capital has donated around $42 million to more than 190 charities worldwide.
