Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2942

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 2942
---
 For the Year Ended December 31, 

      2023 

      2022 

      Change 

      Junior subordinated notes 
      
     $
     5,247

     $
     3,442

     $
     1,805

      2020 Senior Notes 

     450

     458

     (8
     )

      2017 Convertible Note 

     -

     327

     (327
     )

      Byline Bank 

     338

     247

     91

      Redeemable Financial Instrument - JKD Capital Partners I LTD 

     491

     508

     (17
     )

     $
     6,526

     $
     4,982

     $
     1,544

﻿ 

See notes 19 and 20 to our consolidated financial statements included in this Annual Report on Form 10-K.

Income / (Loss) from Equity Method Affiliates

Income / (loss) from equity method affiliates increased by $36,540 to $15,609 for the year ended December 31, 2023, as compared to ($20,931) for the year ended December 31, 2022.  See note 12 to our consolidated financial statements included in this Annual Report on Form 10-K.

      Year Ended December 31, 

      2023 

      2022 

      Change 

      Insurance SPACs 
      
     $
     -

     $
     (5,898
     )
      
     $
     5,898

      SPAC Sponsor Entities 

     15,275

     (14,963
     )

     30,238

      Dutch Real Estate Entities 

     334

     (70
     )

     404

     $
     15,609

     $
     (20,931
     )
      
     $
     36,540

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