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 single-family 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.
http://www.priceseries.com/trade/AJX-Great-Ajax-Corp-stock-gains-28-percent-a-Trade-Record-by-priceSeries-2020110620201214.html
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