Great Ajax Corp T.AJX

Primary Symbol: AJX

Real Estate

Great Ajax Corp. is an externally managed real estate company. The Company’s primary business is acquiring, investing in and managing a portfolio of mortgage loans. The Company operates in a single segment focused on re-performing mortgages, and to a lesser extent non-performing mortgages and real property. The Company primarily targets acquisitions of re-performing loans (RPLs), which are residential mortgage loans and non-performing loans (NPLs), which are residential mortgages. It invests in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio, or, less frequently, through a direct acquisition. It may acquire RPLs and NPLs either directly or in joint ventures with institutional accredited investors. It may also acquire or originate small balance commercial loans. Its manager is Thetis Asset Management LLC. It conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.

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Great Ajax Corp > Joint Notice of Settlement In Principle

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Comment by dt_coreon Jun 10, 2021 3:39pm

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Post# 33366643

RE:RE:RE:RE:RE: Joint Notice of Settlement In Principle

It was likely an 11th hour deal rather than struck earlier in the Stay. Having the lawyers dot the i's and cross the t's is normal. A similar situation occred with the Kubota settlement.

It will be interesting to see what economics AJX recieves from this deal. It's likely going to be far more significant than Kubata since the infringement was only relevant to the M7 tractor line (top-of-the-line), hence the lower economics BUT that deal also had the prospects of significant future business on top of the royalty.

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