Great Ajax Corp. Announces Pricing of Public Offering of Common Stock
Great Ajax Corp. (NYSE: AJX) (“Great Ajax” or the “Company”) today announced that it has priced an underwritten public offering
of 2,265,000 shares of its common stock for expected gross proceeds of approximately $30.0 million before underwriting discounts
and commissions and estimated offering expenses payable by the Company. 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. The Company has
granted the underwriter a 30-day option to purchase up to an additional 339,750 shares of common stock. The offering is expected to
close on June 15, 2016 and is subject to customary closing conditions.
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 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.
Great Ajax Corp.
Lawrence Mendelsohn
Chief Executive Officer
or
Mary Doyle
Chief Financial Officer
Mary.Doyle@aspencapital.com
503-444-4224
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