Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 149

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 149
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 significant factors that may affect our business and operations as described in “Item 1A—Risk Factors” of the Annual Report on 10-K for the year ended December 31, 2024.

       92

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 

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Effective January 1, 2010, the Company ceased to qualify as a REIT and, therefore, is not required to make any dividends or other distributions to its stockholders. However, the Company’s board of directors has the power to decide to increase, reduce, or eliminate dividends in the future. The Company’s board of directors’ decision will depend on a variety of factors, including business, financial, and regulatory considerations as well as any limitations under Maryland law or imposed by any agreements governing indebtedness of the Company. There can be no assurances that such dividends will be maintained or increased and, if maintained or increased, will not subsequently be discontinued.

Certain subsidiaries of the Operating LLC have restrictions on the withdrawal of capital and otherwise in making distributions and loans. Cohen Securities is subject to net capital restrictions imposed by the SEC and FINRA that require certain minimum levels of net capital to remain in this subsidiary. In addition, these restrictions could potentially impose notice requirements or limit our ability to withdraw capital above the required minimum amounts (excess capital) whether through distribution or loan. CCFESA is regulated by the ACPR in France and must maintain certain minimum levels of capital. See note 18 to our consolidated financial statements included in Item 1 in this Quarterly Report on Form 10-Q.

Issuer Purchases of Equity Securities

      Period 
      
      Total Number of Shares Purchased 

      Average Price Paid Per Share 

      Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs 

      Maximum Dollar Value of Shares that May Yet be Purchased under the Plans or Programs 

      April 1 through April 30, 2025 

     -

     $
     -

     -

     34,704

      May 1 through May 31, 2025 

     -

     $
     -

     -

     34,704

      June 1 through June 30, 2025 

     -

     $
     -

     -

     34,704

      Total 

     -

     -

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

None

   Item 5. Other Information