Market Closed - Nyse Other stock markets | 5-day change | 1st Jan Change | ||
3.52 USD | -1.12% | | +7.32% | -33.58% |
Jun. 12 | Correction: Rithm Capital Affiliate to Serve as Great Ajax's External Manager | MT |
Jun. 11 | Sector Update: Financial Stocks Decline in Afternoon Trading Tuesday | MT |
June 11, 2024 at 04:53 pm EDT
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GREAT AJAX CORP.
CODE OF ETHICS
FOR
CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER
AND OTHER SENIOR FINANCIAL OFFICERS
The Chief Executive Officer ("CEO") of Great Ajax Corp. (the "Company") and Chief Financial Officer ("CFO") of Rithm Capital Corp., a Delaware corporation, as the primary leaders of the Company, and RCM GA Manager LLC, a Delaware limited liability company (the "Manager"), are in a unique position to set the example by which the Company's employees are expected to conduct themselves in the course of performing their duties. With the indispensable help of the other senior financial officers, including the director of finance and the controller, they are empowered to ensure that all stockholders' interests are balanced appropriately, protected and preserved. They help to ensure that the Company keeps correct financial records of assets, liabilities and results, maintain adequate systems to safeguard our assets and provide accurate, clear financial information for our Manager and shareholders.
To help accomplish these objectives, the Company has established the following Code of Ethics (the "Code") that provides defining principles to which the CEO, CFO and other senior financial officers and the Manager of the Company are expected to personally adhere and complements the Code of Business Conduct and Ethics of the Company. Other senior financial officers include the Company's principal accounting officer or controller or persons performing similar functions.
This Code helps assure the Company's compliance with legal requirements, specifically Section 406 of the Sarbanes-Oxley Act of 2002 and related rules of the Securities and Exchange Commission (the "SEC").
Any violations of this Code by these officers may result in disciplinary action, up to and including immediate termination.
Code of Ethics
Our CEO, CFO, other senior financial officers and Manager will:
- Conduct the Company's affairs with honesty and integrity and avoid actual or apparent conflicts of interest in personal and professional relationships. A
"conflict of interest" occurs when an individual's personal interests interfere, or even appears to interfere, in any way with the interests of the Company as a whole. Additionally, a "conflict of interest" could include the personal interests of an individual's family member. - Ensure the full, fair, accurate, timely and understandable disclosure in the reports and documents filed by the Company with the SEC and in other public communications made by the Company.
- Provide shareholders with information that is accurate, complete, objective, relevant, timely and understandable.
- Comply with rules and regulations of federal, state, provincial and local governments, and other appropriate private and public regulatory agencies.
- Act in good faith, responsibly, with due care, competence and diligence, without misrepresenting material facts or allowing one's independent judgment to be subordinated and without seeking to fraudulently influence, coerce, manipulate or mislead the Company's independent accountant in a manner that could result in materially misleading financial statements.
- Respect the confidentiality of information acquired in the course of one's work, except when authorized or legally obligated to disclose.
- Not use confidential information acquired in the course of performing duties for the Company for personal advantage.
- Proactively promote and be an example of ethical behavior as a responsible partner among peers in the work environment.
- Ensure responsible use of and control over all assets and resources employed or entrusted.
- Immediately report any suspected or known violation of applicable laws or regulations, this Code or the Code of Ethics of the Company to the Company's legal department or the Audit Committee of the Company's Board of
Directors. No one will be subject to retaliation because of a good faith report of suspected misconduct.
In all cases, if one is unsure about the appropriateness of an event or action, such person should seek assistance in interpreting the requirements of these practices by contacting the CFO or any member of the Audit Committee of the Company's Board of Directors.
The Company is committed to continuously reviewing and updating its policies and procedures. Therefore, this Code is subject to modification. Any amendment or waiver of any provision of this Code made to the CEO, CFO or any other senior financial officer, or the Manager must be approved in writing by the Company's Board of Directors and promptly disclosed in accordance with applicable laws and regulations of the SEC, the New York Stock Exchange, or any other national securities exchange, as applicable.
The Board of Directors shall determine, or designate appropriate persons to determine, appropriate actions to be taken in the event of violations of this Code by the CEO, CFO or any other senior financial officer, or the Manager. Such actions shall be reasonably designed to deter wrongdoing and to promote accountability for adherence to this Code.
ACKNOWLEDGMENT FORM
I have received and read the Code of Ethics for Principal Executive Officer and Senior Financial Officers, and I understand its contents. I agree to comply fully with the standards, policies and procedures contained in the Code of Ethics and the Company's related policies and procedures. I understand that I have an obligation to report to the Chief Legal Officer of Rithm Capital Corp. (unless such person is involved in the matter giving rise to the suspected violation) or the Audit Committee of the Board of Directors of the Company any suspected violations of the Code of Ethics that I am aware of. I certify that, except as fully disclosed in accordance with the terms of this Code of Ethics, I have not engaged in any transactions or activities that would constitute an actual or apparent conflict with the interests of the Company. I further certify that, except as noted below, I am otherwise in full compliance with the Code of Ethics and any related policies and procedures:
Printed Name________________
Signature___________________
Date______________________
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Great Ajax Corp. published this content on 11 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2024 20:52:11 UTC.
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Latest news about Great Ajax Corp.
Correction: Rithm Capital Affiliate to Serve as Great Ajax's External Manager | MT | |
Sector Update: Financial Stocks Decline in Afternoon Trading Tuesday | MT | |
Great Ajax to Become Rithm Capital's External Manager | MT | |
Great Ajax Corp. Announces Resignation of Mary B. Doyle as Chief Financial Officer | CI | |
Great Ajax Corp. Announces Reconstitution of the Board of Directors and Board Committees | CI | |
Great Ajax Corp. Announces Chief Executive Officer Changes | CI | |
Great Ajax Files Shelf Registration for 12 Million Shares | MT | |
Great Ajax Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI | |
B. Riley Lowers Great Ajax's PT to $6 From $8 After Proposed Management Agreement With Rithm Capital, Model Update; Keeps Buy Rating | MT | |
Rithm Capital, Great Ajax Sign Strategic Transaction | MT | |
Great Ajax Corp. Declares Cash Dividend, Payable on March 29, 2024 | CI | |
Great Ajax Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 | CI | |
Great Ajax Corp. Reports Earnings Results for the Fourth Quarter Ended December 30, 2023 | CI | |
Rithm Capital, Great Ajax Enter a Strategic Transaction | DJ | |
Great Ajax Corp. announced that it expects to receive $13.999998 million in funding from Rithm Capital Corp. | CI | |
North American Morning Briefing : Stock Futures -2- | DJ | |
B. Riley Lowers Great Ajax's PT to $8 From $10 After Lower-Than-Expected Q3 Earnings, Says Remains on Sidelines; Maintains Buy Rating | MT | |
Tranche Update on Great Ajax Corp.'s Equity Buyback Plan announced on March 3, 2020. | CI | |
Transcript : Great Ajax Corp., Q3 2023 Earnings Call, Nov 02, 2023 | ||
Great Ajax Corp. Reports Earnings Results for the Third Quarter Ended September 30, 2023 | CI | |
Sector Update: Financial Stocks Slipping Late Afternoon | MT | |
Sector Update: Financial | MT | |
Top Midday Decliners | MT | |
North American Morning Briefing : 10-Year Treasury Yield Hits 5% | DJ | |
Great Ajax, Ellington Financial Mutually Terminate Merger Agreement | MT |
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Company Profile
Great Ajax Corp. is an externally managed real estate company. The Companyâs primary business is acquiring, investing in and managing a portfolio of mortgage loans. The Company operates in a single segment focused on re-performing mortgages, and to a lesser extent non-performing mortgages and real property. The Company primarily targets acquisitions of re-performing loans (RPLs), which are residential mortgage loans and non-performing loans (NPLs), which are residential mortgages. It invests in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio, or, less frequently, through a direct acquisition. It may acquire RPLs and NPLs either directly or in joint ventures with institutional accredited investors. It may also acquire or originate small balance commercial loans. Its manager is Thetis Asset Management LLC. It conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.
Sector
Specialized REITs
Calendar
2024-07-31 - Q2 2024 Earnings Release (Projected)
More about the company
Income Statement Evolution
More financial data
Analysts' Consensus
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
3.56USD
Average target price
6USD
Spread / Average Target
+68.54%
Consensus
EPS Revisions
Estimates Revisions
Quarterly earnings - Rate of surprise
Company calendar
Sector Mortgage REITs
1st Jan change | Capi. | |
---|---|---|
GREAT AJAX CORP. | -33.58% | 162M |
ANNALY CAPITAL MANAGEMENT, INC. | +3.82% | 10.12B |
AGNC INVESTMENT CORP. | -0.82% | 7.2B |
STARWOOD PROPERTY TRUST, INC. | -7.61% | 6.08B |
RITHM CAPITAL CORP. | +4.78% | 5.39B |
BLACKSTONE MORTGAGE TRUST, INC. | -15.70% | 3.06B |
ARBOR REALTY TRUST, INC. | -7.51% | 2.58B |
APOLLO COMMERCIAL REAL ESTATE FINANCE, INC. | -13.46% | 1.42B |
LADDER CAPITAL CORP | -3.04% | 1.4B |
READY CAPITAL CORPORATION | -16.78% | 1.4B |
Mortgage REITs
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