“Each of AFN's underlying asset classes offers a variety of structural advantages designed to provide diversification along with higher yields compared to similarly rated collateral.”

Alesco Financial Inc. (AFN) is a specialty finance company which operates as a real estate investment trust (REIT). Our objective is to generate attractive risk adjusted returns and predictable cash distributions for our shareholders. We seek to achieve this objective by making investments that meet our credit underwriting standards in the following asset classes:

Trust Preferred Securities (TruPS), which are subordinated debt financings issued by middle market banks and insurance companies primarily originated by Cohen & Company.

Mortgage-Backed Securities (MBS), which include Residential Mortgage-Backed Securities (RMBS), Commercial Mortgage-Backed Securities (CMBS), Mortgage Loans and other real estate-related senior and subordinated debt securities.

Corporate Loan Obligations (CLO), which are generally leveraged loans issued by middle market companies in a variety of industries characterized by relatively low volatility, such as consumer products and manufacturing.