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Blog Exposure - Cohen & Co. Reports Successful Auction of Dekania Europe CDO I PLC

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LONDON, UK / ACCESSWIRE / May 30, 2018 / If you want access to our free research report on Cohen & Co. Inc. (NYSE: COHN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=COHN as the Company's latest news hit the wire. On May 25, 2018, the Company announced that Dekania Capital Management, LLC, its affiliate and the collateral manager and auction appointee of Dekania Europe CDO I PLC, received bids exceeding the minimum purchase price required for its mandated quarterly auction to be successful. Register today and get access to over 1,000 Free Research Reports by joining our site below:


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All Rated Notes of Dekania Europe I will be Redeemed at Par on Next Interest Payment Date

Dekania Europe I has received a security deposit from the successful bidder and the remaining auction proceeds were due to be paid by May 29, 2018. As a result of the successful auction, all rated notes of Dekania Europe I will be redeemed at par on the next interest payment date, which will be on June 07, 2018, while all remaining funds will be paid in a final distribution to the holders of the subordinated notes once the trustee has paid all expenses related to the liquidation of the vehicle.

Successful Auction of Dekania Europe I is a Testament to Cohen & Co.'s Capabilities in Insurance Related Investments

Daniel Cohen, Chairman of the Board of Directors of Cohen & Co., and President and Chief Executive Officer (CEO) of the Company's European Business, stated that the Company is pleased to announce the successful auction of Dekania Europe I, which is a testament to the Company's capabilities in insurance related investments and asset management. He further added that Cohen & Co. has been investing in insurance company debt since 2003, and it looks forward to strengthening this capacity as the Company continues to grow its insurance platform.

Auction Demonstrates the Robustness of Insurance Subordinated Debt and Cohen & Co.'s Expertise in this Area

Commenting on the announcement, Paul Vernhes, Managing Director of Cohen & Co.'s European Asset Management Platform, mentioned that the successful auction of Dekania Europe I is strong evidence of the quality of its collateral, which weathered the financial crisis and its 13 years of existence with only one default. Vernhes stated that the Company believes this demonstrates the robustness of insurance subordinated debt in general, as well as Cohen & Co.'s expertise in this area.

IFMI Changed Corporate Name to Cohen & Co. Inc.

On August 22, 2017, Institutional Financial Markets, Inc. announced that the Company had changed its name to "Cohen & Company Inc.". The Company's common stock continues to be listed with NYSE American and its shares would begin trading under the symbol "COHN". The Company's common stock ceased trading under Institutional Financial Markets, Inc. and stock symbol (IFMI) following the close of market on September 01, 2017. The Company's subsidiaries continue to operate under their current names, except for the Company's majority-owned subsidiary, IFMI, LLC, which changed its name to "Cohen & Company, LLC". The Company was previously known as Cohen & Company Inc. until January 2011.

About Cohen & Co. Inc.

Headquartered in Philadelphia, Pennsylvania, Cohen & Co. is a financial services Company specializing in fixed income markets. The Company was founded in 1999 as an investment firm focused on small-cap banking institutions but has grown to provide an expanding range of capital markets and asset management services. Cohen & Co.'s operating segments are Capital Markets, Asset Management, and Principal Investing.

Stock Performance Snapshot

May 29, 2018 - At Tuesday's closing bell, Cohen's stock advanced 1.09%, ending the trading session at $11.12.

Volume traded for the day: 5.93 thousand shares, which was above the 3-month average volume of 2.30 thousand shares.

Stock performance in the last month – up 9.77%; previous three-month period – up 12.21%; past six-month period – up 1.09%; and year-to-date - up 38.65%

After yesterday's close, Cohen's market cap was at $13.46 million.

The stock has a dividend yield of 7.19%.

The stock is part of the Financial sector, categorized under the Mortgage Investment industry.


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