Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1751

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 2
Chunk 1751
---
11,043
     )

      SFAs 

     25,395

     -

     25,395

      Bridge loan 

     1,050

     -

     1,050

      Other 

     195

     (351
     )

     546

      Investing principal transactions 

     19,261

     (27,556
     )

     46,817

      Total principal transactions 

     14,949

     (30,631
     )

     45,580

      IIFC revenue share 

     1,105

     673

     432

      All other income / (loss) 

     400

     611

     (211
     )

      Other income 

     1,505

     1,284

     221

      Total principal transactions and other income 
      
     $
     16,454

     $
     (29,347
     )
      
     $
     45,801

      56

Principal Transactions 

In the table above, our principal transactions revenue is broken out into two groups:

1.  Capital Markets Principal Transactions: In some cases, CCM acquires financial instruments or receives financial instruments in lieu of cash for its advisory transactions. We carry these instruments at fair value with changes in fair value included as a component of principal transactions and other income in our consolidated income statement.  Gains and losses on these instruments are included in our Capital Markets segment as these instruments were acquired as a result of CCM's activities.  See note 29 to our consolidated financial statements included in this Annual Report on Form 10-K.

2.  Principal Investing Principal Transactions: In other cases, we will acquire a financial instrument for the purposes of earning an investment return.  We also carry these instruments at fair value with changes in fair value included as a component of principal transactions and other income in our consolidated income statement.  However, gains and losses on these instruments are included in our Principal Investing segment as these investments were acquired to earn a return.  Note that a particular instrument may be included in both categories if it was acquired as a result of CCM's activities and separately acquired to earn an investment return.  

Interests in Public Companies

These investments represent our direct and indirect investments in certain public companies. These investments may be in the form of unrestricted common stock, restricted common stock, equity derivatives, convertible notes, non-convertible notes,