Cohen & Co redeems $7.7M board-affiliated investment with cash and note at 12%

Cohen & Co Inc.

Paid $2,572,963 cash and issued $5,145,927 senior promissory note at 12% interest to JKD Capital Partners I LTD.
Note principal due: $2,572,963 on Aug 31, 2025 and $2,572,964 on Aug 31, 2026; interest payable quarterly.
Terminated 2016 Investment Agreement with JKD, owned by board member Jack J. DiMaio Jr. and spouse.
Note senior to other indebtedness; no prepayment allowed before Jan 31, 2025 without penalty.

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