Associated Capital Group To Spin-off Morgan Group Holding Co.
Associated Capital Group, Inc. (AC)
US:NYSE Investor Relations:
associated-capital-group.com/ir
Company Research
Source: Business Wire
GREENWICH, Conn.--(BUSINESS WIRE)--Associated Capital Group, Inc. (NYSE: AC), (“Associated Capital”), announced today that its Board of Directors has approved the spin-off of Morgan Group Holding Co. (“Morgan”, OTC: MGHL) to Associated Capital’s shareholders. Associated Capital will distribute to its shareholders on a pro rata basis the 50,000,000 shares of Morgan that Associated Capital owns. As of December 31, 2019 the book value of Morgan is $6,037,342 in the aggregate and $0.10 per share.Morgan, through its indirect, wholly-owned subsidiary, G.research, LLC (“G.research”), is an institutional research services firm founded in 1976. G.research is a broker-dealer registered under the Securities Exchange Act of 1934, as amended, that provides institutional research services and acts as an underwriter. This transaction is subject to regulatory approvals and there are no assurances that a transaction will be completed.About Associated Capital Group, Inc.Associated Capital, based in
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Sec Filings
- 4/26/24 - Form DEF
- 4/5/24 - Form 8-K
- 3/21/24 - Form 10-K
- AC's page on the SEC website