Sunset Financial Resources Sets Record Date for Pre-Closing Dividend
September 25 2006 - 10:42AM
PR Newswire (US)
JACKSONVILLE, Fla., Sept. 25 /PRNewswire-FirstCall/ -- Sunset
Financial Resources, Inc. (NYSE:SFO) today announced that its Board
of Directors has declared the pre-merger dividend of $0.50 per
common share to stockholders of record on the last trading day
prior to Sunset's merger with Alesco Financial Trust. The merger is
presently scheduled to close on October 6, 2006, and the record
date for the dividend is presently scheduled to be the close of
business on October 5, 2006. If the merger closing is delayed, the
record date for the dividend will be changed accordingly. The
dividend is to be paid no later than 10 business days following the
consummation of the merger. Sunset has scheduled a special meeting
of its stockholders for 9:00 am on Friday, October 6, 2006 to vote
on the merger and related matters. About Sunset Financial Resources
Sunset Financial Resources, Inc. is a specialty finance REIT
headquartered in Jacksonville, Florida and trades on the New York
Stock Exchange under the symbol "SFO". Additional Information about
These Transactions Sunset stockholders are urged to read the proxy
statement for the merger and the tender offer statement, letter of
transmittal and other materials relating to the tender offer, as
they contain important information regarding the merger and the
offer. Stockholders can obtain a copy of the proxy statement,
tender offer statement, letter of transmittal and other related
materials free of charge from the SEC's web site,
http://www.sec.gov/, from the information agent for the merger and
the tender offer, MacKenzie Partners, Inc., by calling (800)
322-2885 (call toll-free), or by directing a request to . We urge
Sunset stockholders to carefully read those materials prior to
making any decision with respect to the merger and the tender
offer. Forward-Looking Statements Information set forth in this
release contains forward-looking statements, which involve a number
of risks and uncertainties. Sunset and Alesco caution readers that
any forward-looking information is not a guarantee of future
performance and that actual results could differ materially from
those contained or implied in the forward-looking information. Such
forward-looking statements include, but are not limited to,
statements about the benefits of the business combination
transaction involving Sunset and Alesco, including future financial
and operating results, the new company's plans, objectives,
expectations and intentions and other statements that are not
historical facts. The following factors, among others, could cause
actual results to differ from those set forth in the
forward-looking statements: factors that affect the timing or
ability to complete the transactions contemplated herein; the risk
that the business will not be integrated successfully; the risk
that cost savings and any other synergies from the transaction may
not be fully realized or may take longer to realize than expected;
disruption from the transaction making it more difficult to
maintain relationships with lenders, other counterparties, or
employees; competition and its effects on pricing, spending,
third-party relationships and revenues; the failure of the
companies to successfully execute their business plans, gain access
to additional financing, the availability of additional loan
portfolios for future acquisition, continued qualification as a
REIT and the cost of capital. Additional factors that may affect
future results are contained in Sunset's filings with the SEC,
which are available at the SEC's web site http://www.sec.gov/.
Sunset and Alesco disclaim any obligation to update and revise
statements contained in these materials based on new information or
otherwise. Company Contact: Stacy M. Riffe Chief Executive Officer
(904) 425-4365 Investors: KCSA Worldwide Jeffrey Goldberger / Garth
Russell 212.896.1249 / 212.896.1250 / DATASOURCE: Sunset Financial
Resources, Inc. CONTACT: Stacy M. Riffe, Chief Executive Officer of
Sunset Financial Resources, Inc., +1-904-425-4365, ; or Investors -
Jeffrey Goldberger, +1-212-896-1249, , or Garth Russell,
+1-212-896-1250, , both of KCSA Worldwide for Sunset Financial
Resources, Inc.
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