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Great Ajax Corp. Announces Final Conversion Rate for Its Convertible Notes

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Great Ajax Corp. (NYSE: AJX) reveals the final conversion rate for its convertible notes before the maturity date of April 30, 2024. The notes will convert to 1.7405 shares of common stock per $25.00 principal amount, equating to a conversion price of around $14.36 per share.
Great Ajax Corp. (NYSE: AJX) rivela il tasso di conversione finale per le sue obbligazioni convertibili prima della data di scadenza del 30 aprile 2024. Le obbligazioni saranno convertite in 1.7405 azioni di capitale ordinario per ogni importo principale di $25,00, corrispondendo a un prezzo di conversione di circa $14,36 per azione.
Great Ajax Corp. (NYSE: AJX) revela la tasa de conversión final para sus notas convertibles antes de la fecha de vencimiento del 30 de abril de 2024. Las notas se convertirán en 1.7405 acciones de capital común por cada $25.00 del monto principal, lo que equivale a un precio de conversión de aproximadamente $14.36 por acción.
Great Ajax Corp. (NYSE: AJX)는 2024년 4월 30일 만기일 전에 전환 가능 채권의 최종 전환율을 공개했습니다. 해당 채권은 $25.00의 원금 당 1.7405주의 보통주로 전환될 것이며, 이는 주당 약 $14.36의 전환 가격에 해당합니다.
Great Ajax Corp. (NYSE: AJX) révèle le taux de conversion final pour ses obligations convertibles avant la date d'échéance du 30 avril 2024. Les obligations seront converties en 1.7405 actions ordinaires pour chaque montant principal de $25,00, ce qui équivaut à un prix de conversion d'environ $14,36 par action.
Great Ajax Corp. (NYSE: AJX) gibt die endgültige Umrechnungsrate für seine Wandelanleihen vor dem Fälligkeitsdatum am 30. April 2024 bekannt. Die Anleihen werden in 1.7405 Aktien der Stammaktien pro $25,00 Hauptbetrag umgewandelt, was einem Umrechnungspreis von etwa $14,36 pro Aktie entspricht.
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NEW YORK--(BUSINESS WIRE)-- 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 focus on RPLs and NPLs, it also originates and acquires small balance commercial mortgage loans secured by multi-family retail/residential and mixed-use properties. Great Ajax is externally managed by Thetis Asset Management LLC, an affiliated entity. Great Ajax’s mortgage loans and other real estate assets are serviced by Gregory Funding LLC, an affiliated entity.

Great Ajax

Mary Doyle

Chief Financial Officer

(503) 444-4224

mary.doyle@great-ajax.com

Source: Great Ajax Corp.

FAQ

What did Great Ajax Corp. announce regarding its convertible notes?

Great Ajax Corp. announced the final conversion rate for its convertible notes.

When is the upcoming maturity date for Great Ajax Corp.'s convertible notes?

The maturity date for the convertible notes is April 30, 2024.

What is the final conversion rate for Great Ajax Corp.'s convertible notes?

The final conversion rate is 1.7405 shares of common stock per $25.00 principal amount.

What is the conversion price per share of common stock for Great Ajax Corp.'s convertible notes?

The conversion price is approximately $14.36 per share of common stock.

Great Ajax Corp.

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