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Stock impact report

Rithm Capital Corp. and Great Ajax Corp. Complete Transaction

Great Ajax Corp. (AJX) 
Last great ajax corp. earnings: 3/3 04:05 pm Check Earnings Report
US:NYSE Investor Relations: great-ajax.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE: AJX; “Great Ajax”), a real estate investment trust, today completed their previously announced transaction. As part of the transaction, Great Ajax has entered into a management agreement with an affiliate of Rithm to serve as Great Ajax’s external manager.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610363273/en/The transaction marks a significant milestone for Great Ajax, with plans to transition the company from a legacy residential loan platform into an opportunistic vehicle focused on commercial real estate. Additionally, Rithm expects that Great Ajax will realize strategic benefits from synergies with Rithm’s operating platforms and from the change in direction of its investment program. Rithm is focused on delivering strong results for Show less Read more
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