Associated Capital Group Announces New Headquarters

RYE, N.Y.–(BUSINESS WIRE)–Associated Capital Group (NYSE:AC) announced today it has purchased a
building at 191 Mason Street in Greenwich and will relocate from its
office at 140 Greenwich Avenue, as well as approximately 20 investment,
marketing and financial staff from Rye, New York to the new location.

About Associated Capital Group, Inc.

The Company has been publicly traded since November 30, 2015 following
its spin-off from GAMCO Investors, Inc.

The Company has a private equity focus including direct investing,
pursuing “fund-less” P/E deals, as well as launching special purpose
acquisition companies, SPAC’s in Europe and elsewhere. The Company
operates its investment management business via Gabelli & Company
Investment Advisers, Inc. (“GCIA” f/k/a Gabelli Securities, Inc.), its
100% owned subsidiary, an SEC registered investment advisor under the
Investment Advisers Act of 1940, as amended. The Company primarily
manages assets in equity event-driven strategies, across a range of risk
and event arbitrage portfolios and earns management and incentive fees
from its advisory activities.

Contacts

Douglas R. Jamieson
President & CEO
(203) 629-2726
Associated-Capital-Group.com

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

For the last half century, thousands of communications professionals have turned to us to deliver their news to the audiences most important to their business through the sources they trust most. Over that time, we've gone from a single office with one full time employee to more than 500 employees in 32 bureaus.