Item 8.01 Other Events.

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 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.

Item 9.01 Financial Statements and Exhibits.

99.1 Associated Capital Group's Press Release, dated March 16, 2020.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses