Cohen & Co Inc. COHN

INFORMATION REGARDING COHEN & COMPANY INC.

We are a Maryland corporation that incorporated on October 6, 2003. We are a financial services company specializing in an expanding range of capital markets and asset management services. Our business segments are Capital Markets, Asset Management, and Principal Investing. Our Capital Markets business segment consists of sales, trading, gestation repo financing, new issue placements in corporate and securitized products, underwriting, and advisory services, operating primarily through our subsidiaries, Cohen Securities in the United States (the "U.S.") and CCFESA in Europe. A division of Cohen Securities, Cohen & Company Capital Markets ("CCM") is our full-service boutique investment bank providing capital markets and special purpose acquisition corporation ("SPAC") advisory services to corporations, financial sponsors, investors, and institutions. Our Capital Markets business segment also includes investment returns on financial instruments that we have received as consideration for investment banking and new issue services provided by CCM. Our Asset Management business segment manages assets through investment vehicles, such as investment funds, managed accounts, joint ventures, and collateralized debt obligations ("CDOs") (collectively, "Investment Vehicles"). As of December 31, 2025, we had approximately $1.4 billion of assets under management ("AUM") in primarily fixed income assets in a variety of asset classes including European bank and insurance trust preferred securities ("TruPS"), debt issued by small and medium sized European, U.S., and Bermudian insurance and reinsurance companies, and commercial real estate loans. Our Principal Investing business segment is comprised primarily of investments we have made for the purpose of earning an investment return rather than investments made to support our trading or other capital markets business activity.