Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 131

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 131
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 2025.  Of that gain of $2,734, $837 was recorded in the three months ended June 30, 2025, as a result of the closing of the Alesco Preferred Funding V and VIII sales, and $1,897 was recorded in the three months ended September 30, 2025, as a result of the closing of the Alesco Preferring Funding III, IV, and VI sales.    

Income / (Loss) from Equity Method Affiliates 

Income / (loss) from equity method affiliates decreased by $11,980 to ($12,663) for the three months ended September 30, 2025, as compared to ($683) for the three months ended September 30, 2024.  See note 11 to our consolidated financial statements included in Item 1 of this Quarterly Report on Form 10-Q. 

      Three Months Ended September 30, 

      2025 

      2024 

      Change 

      Dutch Real Estate Entities 
      
     $
     (60
     )
      
     $
     (216
     )
      
     $
     156

      Columbus Circle SPAC 

     (335
     )

     -

     (335
     )

      SPAC Sponsor Entities and Other 

     (12,268
     )

     (467
     )

     (11,801
     )

      Total 
      
     $
     (12,663
     )
      
     $
     (683
     )
      
     $
     (11,980
     )

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 other investments, at fair value.  The following table shows the equity method income or loss included in other SPAC sponsor entities above broken out by the ultimate public company investee.  For several of the investments described below, we also had an investment in the same company accounted for at fair value as a component of other investments, at fair value during