Cohen & Company Inc. has announced the completion of certain closings under a Master Transaction Agreement with HCMC III, LLC, an affiliate of Hildene Capital Management, LLC. As per the agreement, Cohen & Company Financial Management, LLC, a subsidiary of Cohen & Company Inc., has sold its rights and obligations under the Collateral Management Agreements and Collateral Administration Agreements for Alesco Preferred Funding V, Ltd. and Alesco Preferred Funding VIII, Ltd. to HCMC III, LLC. The transaction, finalized on July 9, 2025, involved an aggregate purchase price of $837,447 after necessary purchase price reductions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cohen & Company Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-066739), on July 09, 2025, and is solely responsible for the information contained therein.