Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 202

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 202
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 affiliates’ net income as earnings each reporting period. The Company elected to use the cumulative earnings approach for the distributions it receives from its equity method investments. Under the cumulative earnings approach, any distributions received up to the amount of cumulative earnings are treated as return on investment and classified in operating activities within the statement of cash flows. Any excess distributions would be considered as return of investment and classified in investing activities.
    
   The Company has certain equity method affiliates for which it has elected the fair value option.  Those investees are excluded from the table below.  Those investees are included as a component of other investments, at fair value in the consolidated balance sheets.  All gains and losses (unrealized and realized) from securities classified as other investments, at fair value in the consolidated balance sheets are recorded as a component of principal transactions and other income in the consolidated statement of operations. See notes 8 and 23.
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   The following table summarizes the activity and earnings in the Company’s investments that are accounted for under the equity method.
    
   INVESTMENTS IN EQUITY METHOD AFFILIATES
   (Dollars in Thousands)

        Dutch Real Estate Entities 

        Columbus Circle SPAC 

        SPAC Sponsor Entities and Other 

        Total 

        January 1, 2025 
        
       $
       5,105

       $
       -

       $
       18,325

       $
       23,430

        Investments / advances 

       -

       3,467

       -

       3,467

        Distributions / repayments 

       -

       -

       (1,312
       )

       (1,312
       )

        Reclasses to (from) 

       -

       -

       (1,885
       )

       (1,885
       )

        Earnings / (loss) recognized 

       849

       (1,307
       )

       1,439

       981

        June 30, 2025 
        
       $
       5,954

       $
       2,160

       $
       16,567

       $
       24,681

        Dutch Real Estate Entities 

        Columbus Circle SPAC 

        SPAC Sponsor Entities and Other 

        Total 

        January 1, 2024 
        
       $
       5,864

       $
       -

       $
       8,377

       $
       14,