Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 212

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 212
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 December 31, 2024 was 5.81%.

       31

   11. INVESTMENTS IN EQUITY METHOD AFFILIATES﻿  
    
   Equity method accounting requires that the Company record its investments in equity method affiliates on the consolidated balance sheets and recognize its share of the equity method 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.
   ﻿ 
   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 

       -

       -

       (1,578
       )

       (1,578
       )

        Reclasses to (from) 

       -

       -

       (1,885
       )

       (1,885
       )

        Earnings / (loss) recognized 

       789

       (1,642
       )

       (10,829
       )

       (11,682
       )

        September 30, 2025 
        
       $
       5,894

       $
       1,825

       $