PHILADELPHIA, March 2 /PRNewswire-FirstCall/ -- Alesco Financial Inc. (NYSE: AFN) announced today that its financial results for the quarter and year ended December 31, 2008 will be released after market hours on March 4, 2009.

A live discussion of AFN's financial results will be available via webcast on March 10, 2009 at 10:00am ET. Interested parties can access the live webcast by clicking on the webcast link on AFN's homepage at www.alescofinancial.com. Those wishing to listen to the discussion of financial results via telephone with operator assistance can dial 866-831-6272 or, for those calling from overseas, 617-213-8859. For timely access to the discussion of financial results, please access the webcast link or dial in by phone at least ten minutes in advance of the scheduled time. A replay will be available for two weeks at 888-286-8010, passcode 59323927.

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.