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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 Third Quarter Results - September Quarter - end Book Value was $ 42.24 per share vs. $ 38.25 a year ago AUM increased to $ 1.7 billion at September 30 , 2021 vs. $ 1.3 billion at September 30 , 2020 Launch of a Private Equity Fund approved ( additional information to be provided in due course ) - Approved a $ 6.6 million , or $ 0.30 cents per share , shareholder designated contribution to 501 ( c ) ( 3 ) organizations Greenwich , CT , November 5 , 2021 - Associated Capital Group , Inc. ( " AC " or the " Company " ) , a diversified financial services company , today reported its financial results for the third quarter ended September 30 , 2021 . Financial Highlights - GAAP basis ( $ ' s in 000's except AUM and per ( Unaudited ) AUM - end of period ( in millions ) - AUM average ( in millions ) share data ) Three months ended September 30 , Nine months ended September 30 , 2021 2020 2021 2020 $ 1,680 $ 1,251 $ 1,680 $ 1,251 1,651 1,280 1,548 1,437 Revenues 2,112 1,945 6,926 6,974 Operating Loss ( 169 ) ( 3,552 ) ( 16,945 ) ( 7,853 ) Investment and other non - operating income , net 6,157 14,007 85,454 ( 33,248 ) Income / ( loss ) before income taxes 5,988 10,455 68,509 ( 41,101 ) Net income / ( loss ) to shareholders : Continuing operations , net of NCI Discontinued operations , net of NCI Net income / ( loss ) Net income / ( loss ) per share - diluted 1,503 5,954 49,774 ( 31,671 ) ( 139 ) ( 632 ) 1,503 5,815 49,774 ( 32,303 ) $ 0.07 $ 0.26 $ 2.25 $ ( 1.44 ) Class A shares outstanding ( thousands ) 3,099 3,370 3,099 3,370 Class B shares outstanding ( thousands ) 18,963 18,963 18,963 18,963 Total shares outstanding at September 30 ( thousands ) 22,062 22,333 22,062 22,333 Book Value Per Share at September 30 $ 42.24 $ 38.25 $ 42.24 $ 38.25 1