Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 30

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 30
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 investments sold, not yet purchased, at fair value consisted of the following.
    
   OTHER INVESTMENTS SOLD, NOT YET PURCHASED, AT FAIR VALUE
   (Dollars in Thousands)

       June 30, 2025    December 31, 2024  
 Equity securities  $-  $1,181 
 Share forward liabilities   -   470 
 Other investments sold, not yet purchased, at fair value  $-  $1,651 

   Share forward liabilities represent derivative positions related to SFAs entered into by the Company.

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   8. FAIR VALUE DISCLOSURES 
    
   Fair Value Option 
    
   The Company has elected to account for certain of its other financial assets at fair value under the fair value option provisions of FASB ASC 825. The primary reason for electing the fair value option was to reduce the burden of monitoring the differences between the cost and the fair value of the Company’s investments, previously classified as available for sale securities, including the assessment as to whether the declines are temporary in nature, and to further remove an element of management judgment.
    
   Such financial assets accounted for at fair value include:

       ●  
       securities that would otherwise qualify for available for sale treatment; 

       ●  
       investments in equity method affiliates that have the attributes in FASB ASC 946-10-15-2 (commonly referred to as investment companies) or that have fair values that are readily determinable; and 

       ●  
       investments in residential mortgage loans. 

   The changes in fair value (realized and unrealized gains and losses) of these instruments for which the Company has elected the fair value option are recorded in principal transactions and other income in the consolidated statements of operations. All of the investments for which the Company has elected the fair value option are included as a component of other investments, at fair value in the consolidated balance sheets.
    
   The Company recognized net gains (losses) of $8,890 and ($19,136), related to changes in fair value of investments that were included as a component of other investments, at fair value during the three months ended  June 30, 2025 and 2024, respectively. The Company recognized net gains (losses) of ($7,329) and ($48,060) related to changes in fair