NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX) announced that it has priced an underwritten public offering of 2,265,000 shares of its common stock for expected gross proceeds of approximately $30.0 million before underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company intends to use the net proceeds from this offering to acquire additional mortgage loans and mortgage-related assets consistent with its investment strategy. Piper Jaffray & Co. and FBR Capital Markets & Co. are serving as joint book-running managers for the public offering. The Company has granted the underwriter a 30-day option to purchase up to an additional 339,750 shares of common stock. The offering is expected to close on June 15, 2016 and is subject to customary closing conditions.

About Great Ajax Corp.

Great Ajax Corp. is a Maryland corporation that focuses primarily on acquiring, investing in and managing mortgage loans secured by single-family residences and, to a lesser extent, single-family properties themselves. The Company also invests in loans secured by multi-family residential and smaller commercial mixed use retail/residential properties, as well as in the properties directly. The Company is externally managed by Thetis Asset Management LLC; however, the Company owns a 19.8% stake in Thetis Asset Management LLC. The Company’s 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 of 1986, as amended.