Associated Capital Group Moves to OTCQX After NYSE Exit

Associated Capital Group Makes Strategic Move to OTCQX

Associated Capital Group, Inc. (NYSE: AC), based in Greenwich, is embarking on a significant transition as it voluntarily delists its Class A common stock from the NYSE. This noteworthy decision comes after their prior announcement that disclosed plans for deregistration under the Securities Exchange Act of 1934. With the filing of Form 25, the last day of trading on the NYSE will be marked today. Following this transition, Associated Capital's stock will find a new home on the OTCQX platform, expected to operate under the ticker symbol 'ACGP'.

Impact of the Delisting on Investors

The move to deregister is an important step for Associated Capital as it simplifies its compliance obligations under the Exchange Act. Form 15, which will be filed today, will suspend or terminate the company's filing requirements, which will include ceasing reports on Forms 8-K, 10-Q, and 10-K. This transition is anticipated to allow the company more flexibility in focusing on its investment strategies without the constant regulatory oversight of a public listing.

Future Listing on OTCQX

By shifting to the OTCQX, Associated Capital Group aims to maintain its investor relations while reducing the burdens of compliance that come with being listed on a major exchange. OTCQX platforms can provide companies like Associated Capital with the necessary visibility to access funds and drive investments while still benefiting from investor engagement. It's an exciting shift that promises to foster growth opportunities.

Who is Associated Capital Group?

Associated Capital Group, Inc. is a diversified global financial services firm recognized for its expertise in alternative investment management through its subsidiary, Gabelli & Company Investment Advisers, Inc. (GCIA). The company is well-known for its strategic investments and has been earmarking capital specifically for direct investments in promising businesses. This includes the development of Gabelli Private Equity Partners, LLC (GPEP), launched with $150 million of authorized capital as a “fund-less” sponsor.

Strategic Initiatives and Investments

With the establishment of Gabelli Principal Strategies Group, LLC (GPS) back in December 2015, the firm has been lauded for pursuing various strategic initiatives that focus on operational enhancements. Each decision aligns with the overall mission of fostering long-term growth and sustainability. Investors often look towards these initiatives as signs of a forward-thinking approach, particularly in today’s dynamic market landscape.

Company Contact Information

For those seeking further insights or details regarding the company and its operations, Peter D. Goldstein, the Chief Legal Officer, is the point of contact. He can be reached at (914) 921-7774. It’s wise for investors or interested parties to stay connected and informed, especially during this transition phase.

Frequently Asked Questions

What prompted Associated Capital Group to delist from the NYSE?

The company decided to delist to simplify its regulatory obligations and focus more on its strategic investment initiatives.

When will Associated Capital's stock start trading on the OTCQX?

The stock will begin trading on the OTCQX platform immediately following the delisting from the NYSE.

What is the new ticker symbol for Associated Capital Group?

The symbol for Associated Capital Group will be 'ACGP' once it commences trading on the OTCQX.

What are the benefits of moving to OTCQX?

Trading on OTCQX provides companies like Associated Capital greater flexibility, access to capital markets, and reduced compliance burdens compared to major exchanges.

Who can I contact for more information about the company?

Peter D. Goldstein, Chief Legal Officer at Associated Capital, is the primary contact and can be reached at (914) 921-7774 for any inquiries.

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