/C O R R E C T I O N -- Alesco Financial Inc./
30 Gennaio 2009 - 4:18PM
PR Newswire (US)
In the news release, Alesco Financial Inc. Announces Tax Reporting
Information for 2008 Common Stock Distributions, issued 29-Jan-2009
by Alesco Financial Inc. over PR Newswire, we are advised by the
company that in the table under the column heading "Ordinary Income
Dividend," 0.097654 should read 0.250000 and the total for that
column should read 0.500000 rather than 0.347654. Under "Capital
Gains Dividend," 0.152346 should read 0.000000 and the total for
that column should read 0.000000 rather than 0.152346 as originally
issued. The complete, corrected release follows: PHILADELPHIA, Jan.
29 /PRNewswire-FirstCall/ -- Alesco Financial Inc. (NYSE:AFN) today
announced the tax reporting information (Federal Form 1099) for the
year 2008 distributions on its common stock. The federal income tax
character of the 2008 regular quarterly dividends paid with respect
to Alesco Financial Inc. common stock is as follows: Alesco
Financial Inc. Character of Items of Income Included in
Distributions per Share Qualified Total Ordinary Dividends Capital
Return Declaration Record Payment Distri- Income (incl. in Gains of
Dates Dates Dates bution Dividend Ord. Div.) Dividend Capital
3/10/2008 3/20/2008 4/10/2008 0.250000 0.250000 0.000000 0.000000
0.000000 6/10/2008 6/20/2008 7/10/2008 0.250000 0.250000 0.000000
0.000000 0.000000 Totals 0.500000 0.500000 0.000000 0.000000
0.000000 Participants should refer to their Form 1099, which will
be mailed no later than February 2, 2009, and contact BNY Mellon
Shareowner Services at (800) 522-6645 for further information.
Taxability of the 2008 common stock distributions is not indicative
of the taxability of future distributions. Ordinary income dividend
amounts represent the amount of the distributions which will be
taxable at ordinary income rates. None of the 2008 dividends are
qualified dividends. Additionally, none of the capital gain
dividends are Unrecaptured Section 1250 gains. Excess Inclusion
Income Stockholders that received a dividend payment on July 10,
2008 may be required to report 9.010771% of this dividend to the
Internal Revenue Service as excess inclusion income. Specifically:
- Tax-exempt stockholders are required to report excess inclusion
income as unrelated business taxable income (commonly referred to
as UBTI): - Non-U.S. stockholders are subject to the 30% U.S.
federal withholding tax on excess inclusion income without
reduction under any otherwise applicable income tax treaty; and -
U.S. stockholders, including taxable entities, must report taxable
income that in no event is a lower amount than their excess
inclusion income. Tax Disclaimer The information above should not
be construed as tax advice and is not a substitute for careful tax
planning and analysis. You should consult your own tax advisor
regarding the specific federal, state, local, foreign and other tax
consequences to you regarding your ownership of shares of AFN's
common stock. About Alesco Financial Inc. Alesco Financial Inc. is
a specialty finance REIT headquartered in Philadelphia,
Pennsylvania. Alesco Financial Inc. is externally managed by Cohen
& Company Management, LLC, a subsidiary of Cohen Brothers, LLC
(which does business as Cohen & Company), an alternative
investment management firm, which, since 2001, has provided
financing to small and mid-sized companies in financial services,
real estate and other sectors. For more information, please visit
http://www.alescofinancial.com/. Investors: Media: John Longino
Joseph Kuo Chief Financial Officer Kekst and Company 215-701-8952
212-521-4863 DATASOURCE: Alesco Financial Inc. CONTACT: Investors:
John Longino, Chief Financial Officer, +1-215-701-8952, , or Media:
Joseph Kuo, Kekst and Company, +1-212-521-4863 Web Site:
http://www.alescofinancial.com/
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