- Notification that Quarterly Report will be submitted late (NT 10-Q)
12 August 2009 - 7:18AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE
FILING
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(Check one)
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¨
Form 10-K
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Form
20-F
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Form 11-K
x
Form 10-Q
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Form 10-D
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Form N-SAR
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Form
N-CSR
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For Period Ended: June 30, 2009
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Transition Report on Form 10-K
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Transition Report on Form 20-F
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Transition Report on Form 11-K
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Transition Report on Form 10-Q
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Transition Report on Form N-SAR
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For the Transition Period Ended:
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Nothing in this form shall be construed to imply that the Commission has verified any information
contained herein.
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If the notification relates to a portion of
the filing checked above, identify the Item(s) to which the notification relates:
PART I REGISTRANT INFORMATION
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Alesco Financial Inc.
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Full Name of Registrant
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Sunset Financial Resources, Inc.
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Former Name if Applicable
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Cira Centre, 2929 Arch Street, 17th Floor
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Address of Principal Executive Office
(Street and Number)
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Philadelphia, PA 19104
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City, State and Zip Code
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PART II RULES 12b-25(b) AND (c)
If the subject
report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
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x
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(a)
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The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
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x
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(b)
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The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth
calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the
prescribed due date; and
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(c)
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The accountants statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART III NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report
or portion thereof, could not be filed within the prescribed time period.
Alesco Financial Inc. (the Company) will be unable to file its
Quarterly Report on Form 10-Q for the quarter ended June 30, 2009 within the prescribed time period due to unforeseen delays resulting from the identification of internal control deficiencies by the Company and its independent registered public
accounting firm. The internal control deficiencies relate to the Companys processes for determining fair value of certain of its investments, including investments in TruPS debt securities. The Company has determined that the internal control
deficiencies existed in prior periods, including as of December 31, 2008. We are considering the deficiencies and are performing additional testing on the valuation estimates used in the preparation of our audited financial statements for the fiscal
years ended December 31, 2008 and 2007. To date, we have not identified any differences in our previously reported amounts, but we and our independent registered public accounting firm have not yet finalized our procedures. The additional time to
file the 10-Q is requested to allow the Company and its independent registered public accounting firm to complete procedures to determine whether the internal control deficiencies amounted to a material weakness at December 31, 2008 and whether
there are any differences in our previously reported amounts.
PART IV OTHER INFORMATION
(1)
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Name and telephone number of person to contact in regard to this notification
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John J. Longino
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215
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701-9555
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(Name)
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(Area Code)
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(Telephone Number)
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(2)
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Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12
months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). Yes
x
No
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(3)
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Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be
included in the subject report or portion thereof? Yes
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No
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If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
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Alesco Financial Inc.
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(Name of Registrant as Specified in Charter)
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has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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Date
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August 11, 2009
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By
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/s/ John J. Longino
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Name
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John J. Longino
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Title
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Chief Financial Officer
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INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized
representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of
the representatives authority to sign on behalf of the registrant shall be filed with the form.
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ATTENTION
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Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
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