Westwood Holdings Group Inc

NYSE:WHGUnited States

MLPs are subject to significant regulation and may be adversely affected by changes in the regulatory environment including the risk that an MLP could lose its tax status as a partnership. If an MLP were to be obligated to pay federal income tax on its income at the corporate tax rate, the amount of cash available for distribution would be reduced and such distributions received by the Fund would be taxed under federal income tax laws applicable to corporate dividends received (as dividend income, return of capital or capital gain). Investing in MLPs involves additional risks as compared to the risks of investing in common stock, including risks related to cash flow, dilution and voting rights. Such companies may trade less frequently than larger companies due to their smaller capitalizations, which may result in erratic price movement or difficulty in buying or selling. Additional management fees and other expenses are associated with investing in MLP funds. The tax benefits received by an investor investing in the Fund differs from that of a direct investment in an MLP by an investor. This document does not constitute an offering of any security, product, service or fund, including the Fund, for which an offer can be made only by the Fund's prospectus. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.

========== ========== ========== Diluted weighted average shares 8,488,372 8,218,596 8,116,747 Nine Months Ended ---------------------------------- September 30, September 30, 2024 2023 --------------- ----------------- Comprehensive income attributable to Westwood Holdings Group, Inc. $ 158 $ 6,944 Stock-based compensation expense 4,321 5,111 Intangible amortization 3,085 3,106 Tax benefit from goodwill amortization 437 375 Tax impact of adjustments to GAAP comprehensive income (4,413) (3,358) ---------- ---------- Economic Earnings $ 3,588 $ 12,178 ========== ========== Earnings per share $ 0.02 $ 0.86 Stock-based compensation expense 0.50 0.63 Intangible amortization 0.37 0.38 Tax benefit from goodwill amortization 0.05 0.05 Tax impact of adjustments to GAAP comprehensive income (0.52) (0.41) ---------- ---------- Economic EPS $ 0.42 $ 1.51 ========== ========== Diluted weighted average shares 8,448,629 8,072,739