UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) March 5, 2020

ASSOCIATED CAPITAL GROUP, INC.
(Exact name of registrant as specified in its charter)

Delaware
1-37387
47-3965991
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
     
191 Mason Street, Greenwich, CT
 
06830
     
(Address of principal executive offices)
 
(Zip Code)

Registrant's telephone number, including area code (203) 629-9595

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Class A Common Stock, par value $0.001 per share
AC
New York Stock Exchange



Item 8.01
Other Events.
 
Associated Capital Group (NYSE: AC), (the “Company”) announced on March 3, 2020 that its UK subsidiary, Associated Property International Limited, has completed the purchase of a townhouse in St. James, London. The building will serve as the European headquarters for the firm, together with its UK affiliated company, Gabelli Asset Management UK, Limited.
 
Item 9.01
Financial Statements and Exhibits.
 

99.1
Associated Capital Group’s Press Release, dated March 3, 2020.
 

SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Associated Capital Group, Inc.
 
By: /s/ Kenneth D. Masiello
Kenneth D. Masiello
Chief Accounting Officer
 
Date: March 5, 2020
 
 


Exhibit 99.1

191 Mason Street
Greenwich, CT 06830
t: 203.629.9595
Associated-Capital-Group.com

For Immediate Release

Associated Capital Group Acquires London Headquarters Building

Rye, New York – March 3, 2020 – Associated Capital Group (NYSE: AC) announced today that its UK subsidiary, Associated Property International Limited, has completed the purchase of a townhouse in St. James, London. The building will serve as the European headquarters for the firm, together with its UK affiliated company, Gabelli Asset Management UK, Limited. The townhouse is a Grade II Listed Building forming a portion of a terrace constructed in c. 1685 during the reign of Charles II.

Gabelli Asset Management has had a physical presence in London since 2000, occupying properties in each of Knightsbridge, Mayfair, and latterly St. James. The decision to purchase a permanent office location underscores the firm’s long term commitment to the UK and European financial markets. Coming only one month after the finalization of Brexit, the transaction is an indication of our confidence in the continued central role London will play in the global financial services industry.  In May 2011, the firm established an office in Tokyo to underscore our commitment of global research, marketing and client service in Japan.

Associated Capital and Gabelli Asset Management UK look forward to welcoming our investors and partners to the new offices with the confidence that we will be able to best serve your financial goals now and in the future. Doug Jamieson, President of Associated Capital, said, “We are pleased to have a permanent home in London that will benefit our staff and clients, alike. The acquisition of a Listed London property offers a clear indication of our intentions to grow our UK and European businesses from an already-strong base.”

About Associated Capital Group, Inc.
Associated Capital Group, Inc. (NYSE: AC), based in Greenwich Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA” f/k/a Gabelli Securities, Inc.). The proprietary capital is earmarked for our direct investment business that invests in new and existing businesses. The direct investment business is developing along three core pillars: Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with $150 million of authorized capital as a “fund-less” sponsor; the SPAC business (Gabelli special purpose acquisition vehicles), launched in April 2018; and Gabelli Principal Strategies Group, LLC (“GPS”) created to pursue strategic operating initiatives.

Contact:
Douglas R. Jamieson
President & CEO
(203) 629-2726