Cohen & Co. sells management rights for five Alesco CDOs to Hildene affiliate for $3.5M

Cohen & Co Inc.

Cohen & Co. subsidiary agrees to sell collateral management agreements for five Alesco Preferred Funding CDOs.
Total base purchase price of $3.5 million, with potential reduction for management fees received before closing.
Buyer is HCMC III, LLC (affiliate of Hildene Capital Management), which specializes in TruPS-backed CDOs.
Multiple closings expected by November 8, 2025, subject to consents and conditions.
Seller retains liabilities prior to closing; buyer assumes post-closing obligations.

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