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Great Ajax Corp. Announces Public Offering of Common Stock

RPT | June 9, 2016

Great Ajax Corp. Announces Public Offering of Common Stock

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 prospectus@pjc.com, or FBR Capital Markets & Co., 1300 17th Street N Suite 1400, Arlington, VA 22209, or by telephone at (703) 312-9726, or by emailing prospectuses@fbr.com.

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.