UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): February 27, 2020

 

GREAT AJAX CORP.

(Exact name of registrant as specified in charter)

 

Maryland   001 36844   47 1271842
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)

 

9400 SW Beaverton—Hillsdale Hwy

Suite 131

Beaverton, OR 97005

(Address of principal executive offices)

 

Registrant’s telephone number, including area code:

503 505 5670

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbols   Name of each exchange on which registered
Common stock, par value $0.01 per share   AJX   New York Stock Exchange
7.25% Convertible Senior Notes due 2024   AJXA   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company  ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 

 

 

 

Item 8.01. Results of Operations and Financial Condition

 

On February 27, 2020, Great Ajax Corp., a Maryland corporation (the “Company”), issued a press release (the “Press Release”) announcing that the Board of Directors of the Company declared a cash dividend of $0.32 per share of the Company’s common stock, which will be payable on March 27, 2020 to common stockholders of record as of March 17, 2020. A copy of the Press Release is attached hereto as Exhibit 99.1 and is available on the Company’s website.

 

The information provided in Item 8.01 of this report, including Exhibit 99.1, shall be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

 

Item 9.01. Financial Statements and Exhibits

 

Exhibit   Description  
99.1   Press Release dated February 27, 2020

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit   Description
99.1   Press Release dated February 27, 2020

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  GREAT AJAX CORP.
     
  By: /s/ Mary Doyle  
  Name:   Mary Doyle
  Title: Chief Financial Officer

 

Dated: February 27, 2020

 

 

 

 

Exhibit 99.1

 

 

 

Great Ajax Corp. Announces Dividend

 

NEW YORK, NY – February 27, 2020 – Great Ajax Corp. (NYSE: AJX) (the “Company”) today announced that the Board of Directors of the Company declared a cash dividend of $0.32 per share of the Company’s common stock, which will be payable on March 27, 2020 to common stockholders of record as of March 17, 2020.

 

About Great Ajax Corp.

 

Great Ajax Corp. is a Maryland corporation that is a real estate investment trust, that focuses primarily on acquiring, investing in and managing re-performing mortgage loans secured by single-family residences and, to a lesser extent, non-performing mortgage loans. The Company also originates loans secured by multi-family residential and smaller commercial mixed use retail/residential properties, and invests in multi-family residential and smaller commercial mixed use retail/residential properties directly. The Company is externally managed by Thetis Asset Management LLC. Its 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.

 

Forward-Looking Statements

 

This press release contains certain forward-looking statements. Words such as “will,” 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 Corp., including, without limitation, the risk factors and other matters set forth in our Annual Report on Form 10-K for the period ended December 31, 2018 filed with the SEC on March 6, 2019. Great Ajax Corp. 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.

 

CONTACT: Lawrence Mendelsohn
  Chief Executive Officer
  or
  Mary Doyle
  Chief Financial Officer
  Mary.Doyle@aspencapital.com
  503-444-4224