Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2589

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 5
Chunk 2589
---
 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             

       December 31, 2023    Unfunded Commitments    Redemption Frequency    Redemption Notice Period  
 Other investments, at fair value                 
 CREO JV (a)  $4,783  $11,150   N/A   N/A 
 U.S. Insurance JV (b)   3,107   N/A   N/A   N/A 
  $7,890             

   N/A – Not applicable.
   ﻿ 
   (a)The CREO JV invests in primarily multi-family commercial real estate mortgage-backed loans.
 (b)  The U.S. Insurance JV invests in USD denominated debt issued by small and medium sized insurance and reinsurance companies. 

        F-
       32

   10. DERIVATIVE FINANCIAL INSTRUMENTS 
   ﻿ 
   The Company  may, from time to time, enter into the following derivative instruments:
    
   Equity Derivatives
    
   A significant portion of the Company’s equity holdings are carried at fair value.  From time to time, the Company hedges a portion of this exposure by entering into equity derivatives such as puts and short call options.  These derivative positions are held at fair value as a component of other investments, at fair value and other investments sold, not yet purchased in the Company’s consolidated balance sheets.  As of  December 31, 2024 and  December 31, 2023, the Company had no options. From time to time, the Company  may also enter into forward purchase commitments for equity securities.  
    
   In addition, the Company  may engage in advisory transactions that result in a receivable that can be paid in cash or a variable number of equity instruments.  In such instances, the Company would record the receivable as a component of other assets in its consolidated balance sheets and record the equity component as an embedded derivative.  All equity derivatives are carried at fair value as a component of