AJX - Mergers and acquisitions

Great Ajax Corp. (NYSE:AJX, the "Company"))), a real estate investment trust, in advance of the upcoming maturity of its outstanding convertible notes on April 30, 2024, announced that the convertible notes have a final conversion rate of 1.7405 shares of common stock per $25.00 principal amount of notes, which represents a conversion price of approximately $14.36 per share of common stock. About Great Ajax Corp. Great Ajax (NYSE:AJX) is a real estate investment trust that focuses primarily on acquiring, investing in and managing re-performing loans ("RPLs") and non-performing loans ("NPLs") secured by single-family residences and commercial properties. In addition to its continued focu

Ellington Financial Inc. (NYSE:EFC) ("Ellington Financial"), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Great Ajax Corp. (NYSE:AJX) ("Great Ajax"), a real estate investment trust that invests primarily in residential mortgage loans, jointly announced today they have agreed to terminate the merger agreement announced on July 3, 2023, effective immediately. The termination was approved by both companies' boards of directors after careful consideration of the proposed merger and the progress made towards completing the proposed merger. In addition, Ellington Financial has agreed to pay Great Ajax $1

− Transaction Increases Scale and Enhances Access to Securitization Markets – − Synergistic Expansion Expected to Drive Earnings Accretion and Long-Term Growth − Ellington Financial Inc. (NYSE:EFC) ("Ellington Financial"), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Great Ajax Corp. (NYSE:AJX) ("Great Ajax"), a real estate investment trust that invests primarily in residential mortgage loans, announced today that they have entered into a definitive merger agreement pursuant to which Ellington Financial will acquire Great Ajax. The transaction is expected to close by year-end 2023. Pursuant to