Cowen Board of Directors Approves Increase in Share Repurchase Program to $50 million

Rhea-AI Summary

Cowen has announced an increase in its existing share repurchase program, bringing the total amount available for repurchase to $50 million. The decision reflects the company's commitment to enhancing shareholder value and demonstrates confidence in its financial position. This initiative is expected to positively impact EPS for shareholders. Cowen, founded in 1918 and headquartered in New York, provides a range of financial services including investment banking and research.

Positive

• Increase in share repurchase program to $50 million enhances shareholder value.
• Potential positive impact on EPS for shareholders.

Negative

• None.

NEW YORK, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its Board of Directors has approved an increase in the Company’s existing share repurchase program (the “Share Repurchase Program”). With this increase, the total amount now available for repurchase under the current plan is $50 million.

About Cowen Inc.

Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. Cowen focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the Company is headquartered in New York and has offices worldwide. Learn more at Cowen.com

For further information, contact:

Cowen Inc.
J.T. Farley, Investor Relations
(646) 562-1056
james.farley@cowen.com

                                        

FAQ

What is the new total for Cowen's share repurchase program?

The total amount now available for repurchase under Cowen's share repurchase program is $50 million.

How does the share repurchase program benefit Cowen's shareholders?

The share repurchase program is expected to enhance shareholder value and potentially increase earnings per share (EPS).

When was the share repurchase program increased?

The share repurchase program was increased on September 22, 2021.

What is Cowen Inc. known for?

Cowen Inc. is known for offering diversified financial services, including investment banking and research.

What was the purpose behind Cowen's share repurchase program increase?

The purpose behind increasing the share repurchase program is to demonstrate confidence in the company's financial position and enhance shareholder value.