AJXA Stock Discussion
Great Ajax Corp. 7.25% Convertible Senior Notes due 2024 Description
Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties, such as one to four unit homes and smaller commercial properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Great Ajax Corp. was founded in 2014 and is headquartered in Beaverton, Oregon.
Industry: Other
Keywords: Real Estate Investment Trust Mortgage Backed Security Loan Mortgage Loan Real Estate Mortgage Investment Conduit Real Estate Investing Foreclosure Real Estate Owned Properties
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