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Stock impact report

Rithm Capital Corp. and Great Ajax Corp. Complete Transaction [Yahoo! Finance]

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: Yahoo! Finance
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. 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 Great Ajax stockholders as it embarks on a new chapter. "We are excited to close this transaction as we continue to invest in the strategic growth of our global asset management platform," said Michael Nierenberg, Chairman, Chief Executive Officer and Show less Read more
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