Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 52

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 52
---
’s trading portfolio. 
   ﻿ 
   The following table presents the carrying amounts of the assets in the Company’s consolidated balance sheets related to the Company’s variable interests in identified VIEs with the exception of (i) the two trust VIEs that hold the Company’s junior subordinated notes (see note 15) and (ii) any security that represents an interest in a VIE that is included in investments-trading or securities sold, not yet purchased in the Company’s consolidated balance sheets. The table below shows the Company’s maximum exposure to loss associated with these identified nonconsolidated VIEs in which it holds variable interests at  June 30, 2025 and  December 31, 2024.
    
   CARRYING VALUE OF VARIABLE INTERESTS IN NON-CONSOLIDATED VARIABLE INTEREST ENTITIES
   (Dollars in Thousands)

       June 30, 2025    December 31, 2024  
 Other investments, at fair value  $10,656  $10,822 
 Investments in equity method affiliates   2,369   2,446 
 Maximum exposure  $13,025  $13,268 

       36

   15. DEBT 
   ﻿ 
   The Company had the following debt outstanding.
    
   DETAIL OF DEBT
   (Dollars in Thousands)

       As of June 30, 2025    As of December 31, 2024   Interest Rate Terms   Interest (2)   Maturity 
 Description              
 Non-convertible debt:              
 12.00% senior note (the "2024 Note")  $2,573  $5,146  Fixed   12.00%   August 2026 
 12.00% senior note (the "2020 Note")   4,500   4,500  Fixed   12.00%   January 2026 
              
 Junior subordinated notes: (1)              
 Alesco Capital Trust I   28,125   28,125  Variable   8.54%   July 2037 
 Sunset Financial Statutory Trust I   20,000   20,000  Variable   8.71%   March 2035 
 Less unamortized discount   (22,643)  (