Sunset Hires Financial Adviser

Published October 31, 2005, 3:00 p.m. EST

1 Min Read

Sunset Financial Resources Inc., a real estate investment trust based in Jacksonville, Fla., has reported the hiring of Banc of America Securities LLC as a financial adviser to review its business plan.The mortgage REIT's president and chief executive officer, George Deehan, said the move comes after the appointment of a new management team and the addition of two more independent directors to its board in recent months. In view of the management changes, "now is an opportune time to analyze the company's business plan and all strategic alternatives available to the company," Mr. Deehan said. The REIT can be found online at http://www.sunsetfinancial.net.

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