A. General Description of Advisory Firm
S. Muoio & Co. LLC (“the Firm,” “us,” “we,” or “the Adviser”) is
an investment adviser with its principal place of business in
New York, New York. The Adviser commenced operations as an
investment adviser on August 1, 1997. Salvatore Muoio is the
majority owner and Managing Member of S. Muoio & Co. LLC, and
Associated Capital Group is a client and minority owner of the
Adviser.
B. Description of Advisory Services
The Adviser provides investment management services, on a
discretionary basis, to its clients, which include pooled
investment vehicles intended for sophisticated investors,
institutional investors, and institutions and individuals with
separately managed accounts. Specifically, the Adviser is the
general partner to and investment adviser of SM Investors, L.P.,
SM Investors II, L.P., SM Merger/Arbitrage, L.P., SM Investors
Broadcast Partners, L.P. and SM/HL Acquisition, L.P., and serves
as the investment adviser to the offshore entities SM Investors
Offshore, Ltd., SM Merger/Arbitrage Offshore, Ltd and SM
Broadcast KQTV, L.P. (collectively, the “Investment Funds”), and
a managed account (the “Managed Account”).
In addition, from time to time, the Adviser prepares customized
research reports that provide statistical analysis, and
investment opinion on specific industries, companies or
securities.
When appropriate, we will also provide opinions on the
attractiveness of
investment opportunities uncovered by
client(s). This outsourced investment research capability can
regard either specific investment special situations and/or
broader industry coverage.
C. Availability of Customized Services for Individual Clients
The Adviser provides advice to client accounts based on specific
investment objectives and strategies. In our partnerships, we do
not customize advisory services for individual clients, nor have
we been instructed by clients to impose restrictions on
investing in certain securities or types of securities. Under
certain circumstances, in a separate account, we may customize
services to the individual needs of the client.
D. Wrap Fee Program – Not applicable
E. Assets Under Management
As of December 31, 2023
SM Investors, L.P. $ 12,231,334
SM Investors II, L.P. $ 29,507,320
(Includes SM Investors Offshore, Ltd. of $ 2,278,575)
SM Merger/Arbitrage, L.P. $ 34,785,874
(Includes SM Merger/Arbitrage Offshore, Ltd. of $ 289,051)
SM Broadcast Partners, L.P. $ 11,424,774
SM Broadcast KQTV, L.P. $ 3,035,841
SM/HL Acquisition, L.P. $ 122,108
Managed Account $ 9,879,600
TOTAL $ 100,986,850
All of the assets under management are managed on a discretionary
basis.