Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 219

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 219
---
)

      Three Months Ended March 31, 

      2025 

      2024 

      Change 

      Junior subordinated notes 
      
     $
     1,144

     $
     1,161

     $
     (17
     )

      2020/2024 Notes 

     286

     127

     159

      Byline Credit Facility 

     18

     19

     (1
     )

      Redeemable Financial Instrument - JKD Investor 

     -

     359

     (359
     )

     $
     1,448

     $
     1,666

     $
     (218
     )

See notes 15 to our consolidated financial statements included in Item 1 of this Quarterly Report on Form 10-Q.  

Income / (Loss) from Equity Method Affiliates 

Income / (loss) from equity method affiliates decreased by $26,627 to $2,418 for the three months ended March 31, 2025, as compared to $29,045 for the three months ended March 31, 2024.  See note 11 to our consolidated financial statements included in Item 1 of this Quarterly Report on Form 10-Q. 

      Three Months Ended March 31, 

      2025 

      2024 

      Change 

      Dutch Real Estate Entities 
      
     $
     316

     $
     (116
     )
      
     $
     432

      SPAC Sponsor Entities and Other 

     2,102

     29,161

     (27,059
     )

      Total 
      
     $
     2,418

     $
     29,045

     $
     (26,627
     )

SPAC sponsor entities includes both indirect and direct investments in SPAC sponsor entities. Several of these SPAC sponsor entities are invested in SPACs that have completed their business combinations.  Those SPAC sponsor entities hold restricted and unrestricted equity interests in the public post-merger entities.  We account for our investments in SPAC sponsor entities under the equity method of accounting.  If the SPAC sponsor entity distributes SPAC shares to us, we account for those SPAC shares as a component of other investments, at fair value.  The following table shows the equity method income or loss included in other SPAC sponsor entities above broken out by the