Notes

Slide Show

Outline

1	Investor Presentation – November 2007
2	Safe Harbor
3	Table of Contents - Sections
4	I. ALESCO FINANCIAL INC. OVERVIEW
5	Company Overview
6	Overview of Business Model
7	Adjusted Book Value and Investment Portfolio Summary
8	Portfolio Mix – as of September 30, 2007
9	Alesco TruPS – Low Historical Default Rates
10	TRUPS – Issuance Concentration – Alesco X through Alesco XVI
11	TRUPS – Concentration per State – Banks
12	Disciplined Collateral Underwriting Process
13	Emporia – Middle Market Leveraged Loans
14	Emporia Leveraged Loans – S&P Industry Analysis
15	Investment Income Analysis – Q3 2007
16	Adjusted Earnings Analysis – Quarterly
17	Adjusted Earnings Analysis – Year to date
18	II. GAAP ACCOUNTING IMPLICATIONS
19	GAAP Accounting Implications - Current
20	Current GAAP Example – KRE MBS Portfolio
21	GAAP Accounting – Future under SFAS 159
22	III. FINANCIAL STATEMENTS
23	Alesco Financial – Income Statements (Unaudited)
24	Alesco Financial – Balance Sheets (Unaudited)
25	IV. SUPPLEMENTAL NON-GAAP INFORMATION
26	Adjusted Earnings Reconciliation
27	Adjusted Book Value Reconciliation