Alesco Financial Inc

Unless the context otherwise requires, the terms “we,” “us” and “our” refer to Sunset Financial Resources, Inc., a Maryland corporation, and, where appropriate, its subsidiaries. Company Overview We are a self-managed real estate investment trust (REIT) that was formed as a Maryland corporation in October 2003 to acquire, on a leveraged basis, a portfolio of residential mortgage assets and commercial mortgage bridge loans (including loans that we own jointly with others) in the United States. We finance and manage a portfolio of mortgage assets that primarily consists of agency mortgage-backed and “AAA” rated securities, residential mortgage loans and commercial mortgage bridge loans. Our principal business objective is to generate income for distribution to our stockholders by earning a positive spread between the interest income on our assets and the interest expense (including hedge costs) on financing those assets.