Associated Capital Group Modifies Its 2018 Shareholder-Designated Charitable Contribution Program
November 30 2018 - 5:00PM
Business Wire
As previously announced, Associated Capital Group, Inc.’s (NYSE:
AC) Board of Directors approved a 2018 allocation to its
Shareholder-Designated Charitable Contribution Program. The 2018
program permits each shareholder to designate a charity to which
the company will make a donation of $0.25 per share on behalf of
the shareholder. Over its first two years as a public company, AC
donated approximately $10 million under the program to over 100
different charities that address a broad range of local, national,
and international concerns.
The Company has extended the record date for participation in
the program to December 31, 2018 from November 30, 2018. The
program is available to all registered shareholders and other
shareholders known to the Company. 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 ACDonation@gabelli.com.
In January 2019, we will provide eligible shareholders with
access to designation forms and will make the charitable
contributions on the shareholders’ behalf in early 2019. 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 our Form 10 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/20181130005528/en/
Douglas R. JamiesonPresident & CEO(203)
629-2726Associated-Capital-Group.com
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