Cohen & Co Inc. — Director's Dealing 2007

Aug 16, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALESCO FINANCIAL INC (AFN)
CIK: 0001270436
Period of Report: 2007-08-15

Reporting Person: DAWSON G STEVEN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-15	Common stock, par value $0.001 per share	P	500	$4.75	Acquired	23800	Indirect
2007-08-16	Common stock, par value $0.001 per share	P	10000	$4.75	Acquired	33800	Indirect

Footnotes

F1: These securities are held by Corriente Partners, L.P. which is a limited partnership owned entirely by the reporting person and the reporting person's spouse. The reporting person has full voting and investment control over the securities held by Corriente Partners, L.P.