IPO Profile

Sunset Financial Resources Inc.
4231 Walnut BendJacksonville, FL 32257
Tel: 904-288-9330
Web:
Ticker: SFO
Stock Exchange: New York Stock Exchange
Shares Issued: 10,000,000.00
Price Offered: $13.00
Amount Raised: $130,000,000.00

Underwriters:
W.R. Hambrecht + Co.
J.P. Morgan
Stifel Nicolaus



Company Description:
We are a self-managed real estate investment trust (REIT) that was formed in October 2003 to acquire a portfolio of high quality residential mortgage loans and high quality commercial mortgage bridge loans in the United States. Our principal business objective is to generate net income for distribution to our stockholders from the spread between interest income on our mortgage assets and the costs of financing the acquisition of these assets. We will elect to be taxed as a REIT commencing with our taxable year ending December 31, 2004.