GlobeNewswire Inc | Oct 27, 2020 04:15PM EDT

October 27, 2020

NEW YORK, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (Cowen or the Company) today announced that its Board of Directors has declared a quarterly cash dividend of $14.06 per share on the Companys 5.625% Series A Cumulative Perpetual Convertible Preferred Stock (the Convertible Preferred Stock).

The quarterly dividend on the Convertible Preferred Stock is payable on November 16, 2020, to holders of record at the close of business on November 2, 2020.

Increased Buyback

The Cowen Board of Directors today also announced that it has approved an increase in the Companys existing share repurchase program for its common stock. With this increase, the total now available for repurchase under the current plan is $25 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 inNew Yorkand has offices worldwide. Learn more atCowen.com

For further information, contact

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