Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 37

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 37
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26

   Investments in Certain Entities that Calculate NAV Per Share (or its Equivalent) 
    
   The following table presents additional information about investments in certain entities that calculate NAV per share (regardless of whether the “practical expedient” provisions of FASB ASC 820 have been applied), which were measured at fair value on a recurring basis at  June 30, 2025 and  December 31, 2024.

       Fair Value June 30, 2025

        Unfunded Commitments 

        Redemption Frequency 

        Redemption Notice Period 

        Other investments, at fair value 

        CREO JV (a) 
        
       $
       6,623

       $
       9,893

       N/A

       N/A

        U.S. Insurance JV (b) 

       2,557

       N/A

       N/A

       N/A

       $
       9,180

   ﻿ 

        Fair Value December 31, 2024 

        Unfunded Commitments 

        Redemption Frequency 

        Redemption Notice Period 

        Other investments, at fair value 

        CREO JV (a) 
        
       $
       6,432

       $
       10,118

       N/A

       N/A

        U.S. Insurance JV (b) 
        
       2,825

       N/A

       N/A

       N/A

       $
       9,257

      N/A
       Not Applicable 

      (a)
       The CREO JV invests primarily in multi-family commercial real estate mortgage-backed loans. 

       (b) 
       The U.S. Insurance JV invests in USD denominated debt issued by small and medium size insurance and reinsurance companies.  

       27

   9. DERIVATIVE FINANCIAL INSTRUMENTS 
    
   FASB ASC 815, Derivatives and Hedging (“ASC 815”), provides for optional hedge accounting. When a derivative is deemed to be a hedge and certain documentation and effectiveness testing requirements are met, reporting entities can record all or a portion of the change in the fair value of a designated hedge as an adjustment to Accumulated Other Comprehensive Income  ("AOCI")  rather than as a gain or loss in the statements of operations. To date, the Company has not designated any derivatives as hedges under the provisions included in ASC 815.
    
   All of the derivatives