Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 34

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 34
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 Fund. The U.S. Insurance JV invests in U.S. Dollar ("USD") denominated debt issued by small insurance and reinsurance companies.  The CREO JV invests primarily in multi-family commercial real estate mortgage-backed loans. The CK Capital Value Fund invests primarily in office buildings in the Netherlands. According to ASC 820, these investments are not categorized within the valuation hierarchy.  

       23

   FAIR VALUE MEASUREMENTS ON A RECURRING BASIS
    December 31, 2024
   (Dollars in Thousands)﻿

               Significant    Significant  
       Quoted Prices in    Observable    Unobservable  
       Active Markets    Inputs    Inputs  
 Assets   Fair Value    (Level 1)    (Level 2)    (Level 3)  
 Investments-trading:                 
 Corporate bonds and redeemable preferred stock  $27,043  $-  $27,043  $- 
 Derivatives   4,836   -   4,836   - 
 Equity securities   965   352   613   - 
 Foreign Government Bond   88   -   88   - 
 Municipal bonds   19,914   -   19,914   - 
 RMBS   5   -   5   - 
 SBA loans   28,328   -   28,328   - 
 U.S. government agency MBS and CMOs   45,911   -   45,911   - 
 U.S. government agency debt securities   21,242   -   21,242   - 
 Total investments - trading  $148,332  $352  $147,980  $- 
                 
 Other investments, at fair value:                 
 Equity securities  $1,954  $1,954  $-  $- 
 Equity derivatives   73   -   73   - 
 Restricted equity securities   10,632   6,722   3,910   - 
 Corporate bonds and redeemable preferred stock   531   -   531   - 
 Notes receivable   11,250   -   11,250