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Alesco Financial Inc. News

Alesco Financial Inc. Sets Release Date for 2007 Fourth Quarter and Year End Financial Results

PHILADELPHIA, Feb. 11 PRNewswire-FirstCall — Alesco Financial Inc. (NYSE: AFN), a specialty finance real estate investment trust, announced today that the Company will be issuing its financial results for the quarter and year ended December 31, 2007 after market hours on March 10, 2008. A conference call to discuss these financial results with investors and analysts will be held on March 11, 2008 at 10:00am ET.

Interested parties can access the upcoming conference call by dialing 866-831-6272 or, for those calling from overseas, 617-213-8859 a few minutes in advance of the scheduled time. A replay of the conference call will be available for two weeks at 888-286-8010, pass code 40391406.

About Alesco Financial Inc.

Alesco Financial Inc. is a specialty finance REIT headquartered in Philadelphia, Pennsylvania and trades on the New York Stock Exchange under the symbol "AFN". Alesco is externally managed by Cohen & Company Management, LLC, a subsidiary of Cohen and Company, a global alternative fixed-income asset manager. For more information, please visit www.alescofinancial.com.

Investors: Media: John Longino Joseph Kuo Chief Financial Officer Kekst and Company 215-701-8952 212-521-4863 info@alescofinancial.com

SOURCE Alesco Financial Inc.