Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2000

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 3
Chunk 2000
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 represented one-third of the value of the Common Stock held by non-affiliates. As of December 31, 2024, 13,500 shares had been sold under the 2023 Equity Agreement for total proceeds of $154.

      62

During the years ended December 31, 2024, 2023, and 2022, we had the following other significant financing transactions.  This excludes non-cash transactions.  See notes 19 and 20 in our consolidated financial statements included in this Annual Report on Form 10-K.

      During 2024: 

     o
     We repaid our redeemable financial instrument in the amount of $2,573. The remainder was converted to the 2024 Note.

     o
     We paid dividends of $1,873 and distributions to the convertible non-controlling interest of $4,819

     o
     We paid distributions of $6,758 to the non-convertible non-controlling interest.

      During 2023: 

      o 
      We drew and repaid $15,000 on a revolving line of credit. 

      o 
      We paid dividends of $1,750 and distributions to the convertible non-controlling interest of $4,344. 

      o 
      We paid distributions of $10,041 to the non-convertible non-controlling interest. 

      During 2022: 

      o 
      We issued a new 2020 Senior Note for $2,250 and used the proceeds to pay off an existing 2020 Senior Note 

      o 
      We paid dividends of $2,258 and distributions to the convertible non-controlling interest of $6,485 

      o 
      We paid distributions of $2,236 to non-convertible non-controlling interest. 

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Cash Flows 

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We have seven primary uses for capital:

     (1)
     To fund the operations of our Capital Markets business segment. Our Capital Markets business segment utilizes capital (i) to fund securities inventory to facilitate client trading activities; (ii) for risk trading for our own account; (iii) to fund our collateralized securities lending activities; (iv) for temporary capital needs associated with underwriting activities; (v) to fund business expansion into existing or new product lines including additional capital dedicated to our mortgage group as well as our matched book repo business; and (vi) to fund any operating losses incurred.

     (