Item 7.01. Regulation FD Disclosure

On July 30, 2021, JMP Group LLC (the "Company" or "JMP Group") realized a gain on its investment in Workspace Property Trust, one of the leading owners and operators of suburban office and light industrial real estate in the U.S. ("Workspace").

In December 2015, JMP Group invested $10.0 million in the formation of Workspace. Workspace recently completed a dividend recapitalization transaction, resulting in a cash distribution of $23.8 million to JMP Group and reducing the Company's ownership of Workspace to 5.6% on a fully diluted basis.

Because of equity method accounting adopted at the time of JMP Group's initial investment, JMP Group currently records the value of its equity interest in Workspace at zero, while the fair value of JMP Group's remaining investment based on Workspace's valuation is approximately $15.3 million.

The information contained in this Item 7.01 is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.

The information furnished in this Current Report on Form 8-K shall not be deemed to constitute an admission that such information or exhibit so furnished is required to be furnished pursuant to Regulation FD or that such information or exhibit contains material information that is not otherwise publicly available. In addition, the Company does not undertake or assume any obligation to update such information or exhibit in the future.

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