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For Immediate Release : Timothy H. Schott Chief Financial Officer ( 914 ) 921 8351 Associated-Capital-Group.com - ASSOCIATED CAPITAL GROUP , INC . Reports Second Quarter Results · June quarter - end Book Value was a record $ 42.21 per share vs. $ 41.22 at March 31 , 2021 AUM increased to $ 1.6 billion at June 30 , 2021 vs. $ 1.5 billion at March 31 , 2021 Greenwich , CT , August 4 , 2021 - Associated Capital Group , Inc. ( " AC " or the " Company " ) , a diversified financial services company , today reported its financial results for the second quarter ended June 30 , 2021 . Financial Highlights ( $ ' s in 000's except AUM and per share data ) ( Unaudited ) AUM - end of period ( in millions ) AUM average ( in millions ) Three months ended June 30 , 2021 2020 Six months ended June 30 , 2021 2020 $ 1,611 $ 1,305 $ 1,611 $ 1,305 1,570 1,355 1,496 1,516 Revenues 2,489 2,067 4,814 5,029 Operating Loss ( 10,411 ) ( 3,661 ) ( 16,776 ) ( 4,301 ) Investment and other non - operating income , net 48,615 52,837 79,297 ( 47,254 ) Income before income taxes 38,204 49,176 62,521 ( 51,555 ) Net income / ( loss ) to shareholders Continuing operatings , net of NCI 29,716 35,499 48,271 ( 37,625 ) Discontinued Operations , net of NCI ( 262 ) ( 493 ) Net income / ( loss ) 29,716 35,237 48,271 ( 38,118 ) Net income / ( loss ) per share - diluted $ 1.34 $ 1.57 $ 2.18 ( $ 1.70 ) Shares outstanding at June 30 , ( thousands ) 22,101 22,363 22,101 22,363 Book Value Per Share at June 30 $ 42.21 $ 38.09 $ 42.21 $ 38.09 1