NEW YORK--(BUSINESS WIRE)--
Great Ajax Corp. (NYSE: AJX) (“Great Ajax” or the “Company”) today
announced that it is commencing an underwritten public offering of
common stock. The Company intends to use the net proceeds from this
offering to acquire additional mortgage loans and mortgage-related
assets consistent with its investment strategy. Piper Jaffray & Co. and
FBR Capital Markets & Co. are serving as joint book-running managers for
the public offering.
A registration statement relating to these shares has been declared
effective by the Securities and Exchange Commission (the “SEC”). A copy
of the prospectus supplement and accompanying prospectus describing the
terms of the offering will be filed with the SEC and may be obtained
free of charge at the SEC’s website at www.sec.gov
or from the underwriters by contacting: Piper Jaffray & Co., Attention:
Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN,
55402, or by telephone at (800) 747-3924, or by emailing [email protected],
or FBR Capital Markets & Co., 1300 17th Street N Suite 1400, Arlington,
VA 22209, or by telephone at (703) 312-9726, or by emailing [email protected].
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the Company’s common stock, nor
shall there be any sale of the common stock in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
About Great Ajax Corp.
Great Ajax Corp. is a Maryland corporation that focuses primarily on
acquiring, investing in and managing mortgage loans secured by
single-family residences and, to a lesser extent, single-family
properties themselves. The Company also invests in loans secured by
multi-family residential and smaller commercial mixed use
retail/residential properties, as well as in the properties directly.
The Company is externally managed by Thetis Asset Management LLC;
however, the Company owns a 19.8% stake in Thetis Asset Management LLC.
The Company’s mortgage loans and other real estate assets are serviced
by Gregory Funding LLC, an affiliated entity. The Company has elected to
be taxed as a real estate investment trust under the Internal Revenue
Code of 1986, as amended.
Forward-Looking Statements
This press release contains certain forward-looking statements. Words
such as “believes,” “intends,” “expects,” “projects,” “anticipates,” and
“future” or similar expressions are intended to identify forward-looking
statements. These forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions, many of which
are beyond the control of Great Ajax, including, without limitation, the
risk factors and other matters set forth in its Annual Report on Form
10-K for the year ended December 31, 2015 filed with the SEC and in its
other filings with the SEC. Great Ajax undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160609006439/en/
Great Ajax Corp.
Lawrence Mendelsohn
Chief Executive Officer
or
Mary
Doyle, 503-444-4224
Chief Financial Officer
[email protected]
Source: Great Ajax Corp.