Cowen Declares Quarterly Dividend On Its Series A Cumulative Perpetual Convertible Preferred Stock

NEW YORK–(BUSINESS WIRE)–Jul. 28, 2017–
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 Company’s 5.625% Series A Cumulative Perpetual
Convertible Preferred Stock (the “Convertible Preferred Stock”).

The quarterly dividend on the Convertible Preferred Stock is payable on
August 15, 2017, to holders of record at the close of business on August
1, 2017.

About Cowen Inc.

Cowen Inc. is a diversified financial services firm and, together with
its consolidated subsidiaries, provides alternative asset management,
investment banking, research, sales and trading, prime brokerage, global
clearing and commission management services through its two business
segments: Cowen Investment Management and its affiliates make up the
Company’s alternative investment segment, while Cowen and Company, a
member of FINRA and SIPC, and its affiliates make up the Company’s
broker-dealer segment. Cowen Investment Management provides alternative
asset management solutions to a global client base and manages a
significant portion of Cowen’s proprietary capital. Cowen and Company
and its affiliates offer industry focused investment banking for
growth-oriented companies, domain knowledge-driven research, a sales and
trading platform for institutional investors and a comprehensive suite
of prime brokerage services. Founded in 1918, the firm is headquartered
in New York and has offices worldwide. For additional information, visit www.cowen.com.
To download Cowen’s investor relations app, which offers access to SEC
filings, news releases, webcasts and presentations, please visit the App
Store for iPhone and iPad or Google
Play for Android mobile devices.

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Source: Cowen Inc.

Cowen
Stephen Lasota, 212-845-7919