Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 112

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 112
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 Ltd., which are expected to have a total purchase price of $2,375.  As of June 30, 2025, we have received management fees of $365 related to these three CDO Agreements.  Accordingly, in accordance with the terms and conditions of the MTA, the maximum total gain to be recognized by us on these three contracts, if consents to sell the same are received, would be $2,010 as of June 30, 2025.  This amount will be reduced further by any management fees received on these contracts subsequent to June 30, 2025.  Pursuant to the MTA, there is a deadline of August 15, 2025 (including extensions) by which to receive the required consents to sell the remaining three CDO Agreements.  If such consents are not received on one or more of such CDO Agreements, we will continue to serve as collateral manager of Alesco Preferred Funding III, Ltd., Alesco Preferred Funding IV, Ltd.. and Alesco Preferred Funding VI, Ltd. 

Income / (Loss) from Equity Method Affiliates 

Income / (loss) from equity method affiliates decreased by $22,068 to $981 for the six months ended June 30, 2025, as compared to $23,049 for the six months ended June 30, 2024.  See note 11 to our consolidated financial statements included in Item 1 of this Quarterly Report on Form 10-Q. 

      Six Months Ended June 30, 

      2025 

      2024 

      Change 

      Dutch Real Estate Entities 
      
     $
     849

     $
     (127
     )
      
     $
     976

      Columbus Circle SPAC 

     (1,307
     )

     -

     (1,307
     )

      SPAC Sponsor Entities and Other 

     1,439

     23,176

     (21,737
     )

      Total 
      
     $
     981

     $
     23,049

     $
     (22,068
     )

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