Filing Details
- Accession Number:
- 0001209191-22-038797
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-06-22 20:25:21
- Reporting Period:
- 2022-06-17
- Accepted Time:
- 2022-06-22 20:25:21
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1614806 | Great Ajax Corp. | AJX | () | DE |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1352851 | Magnetar Financial Llc | 1603 Orrington Avenue, 13Th Floor Evanston IL 60201 | No | No | Yes | No | |
| 1353085 | Magnetar Capital Partners Lp | 1603 Orrington Avenue, 13Th Floor Evanston IL 60201 | No | No | Yes | No | |
| 1368026 | Supernova Management Llc | 1603 Orrington Avenue, 13Th Floor Evanston IL 60201 | No | No | Yes | No | |
| 1368027 | N Alec Litowitz | 1603 Orrington Avenue, 13Th Floor Evanston IL 60201 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| 7.25% Series A Fixed-To-Floating Rate Preferred Stock | Disposition | 2022-06-17 | 35,686 | $24.61 | 291,914 | No | 4 | S | Indirect | Magnetar Longhorn Fund LP |
| 7.25% Series A Fixed-To-Floating Rate Preferred Stock | Disposition | 2022-06-17 | 77,168 | $24.61 | 631,232 | No | 4 | S | Indirect | Magnetar Structured Credit Fund, LP |
| 7.25% Series A Fixed-To-Floating Rate Preferred Stock | Disposition | 2022-06-17 | 27,233 | $24.61 | 222,767 | No | 4 | S | Indirect | Purpose Alternative Credit Fund - F LLC |
| 7.25% Series A Fixed-To-Floating Rate Preferred Stock | Disposition | 2022-06-17 | 13,617 | $24.61 | 111,383 | No | 4 | S | Indirect | Purpose Alternative Credit Fund - T LLC |
| 5.00% Series B Fixed-To-Floating Rate Preferred Stock | Disposition | 2022-06-17 | 46,296 | $24.05 | 378,704 | No | 4 | S | Indirect | Magnetar Constellation Master Fund, Ltd |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | Magnetar Longhorn Fund LP |
| No | 4 | S | Indirect | Magnetar Structured Credit Fund, LP |
| No | 4 | S | Indirect | Purpose Alternative Credit Fund - F LLC |
| No | 4 | S | Indirect | Purpose Alternative Credit Fund - T LLC |
| No | 4 | S | Indirect | Magnetar Constellation Master Fund, Ltd |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 Per Share | Series A Warrants (right to buy) | Disposition | 2022-06-17 | 34,041 | $6.99 | 34,041 | $10.00 |
| Common Stock, Par Value $0.01 Per Share | Series A Warrants (right to buy) | Disposition | 2022-06-17 | 17,021 | $6.99 | 17,021 | $10.00 |
| Common Stock, Par Value $0.01 Per Share | Series A Warrants (right to buy) | Disposition | 2022-06-17 | 44,608 | $6.99 | 44,608 | $10.00 |
| Common Stock, Par Value $0.01 Per Share | Series A Warrants (right to buy) | Disposition | 2022-06-17 | 96,460 | $6.99 | 96,460 | $10.00 |
| Common Stock, Par Value $0.01 Per Share | Series B Warrants (right to buy) | Disposition | 2022-06-17 | 57,870 | $8.45 | 57,870 | $10.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 278,459 | 2020-08-05 | 2025-04-06 | No | 4 | S | Indirect |
| 139,229 | 2020-08-05 | 2025-04-06 | No | 4 | S | Indirect |
| 64,892 | 2020-08-05 | 2025-05-07 | No | 4 | S | Indirect |
| 139,040 | 2020-08-05 | 2025-05-07 | No | 4 | S | Indirect |
| 473,380 | 2020-08-05 | 2025-04-06 | No | 4 | S | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| 5.00% Series B Fixed-To-Floating Rate Preferred Stock | 227,600 | Indirect | Magnetar Constellation Fund V Ltd |
| 5.00% Series B Fixed-To-Floating Rate Preferred Stock | 1,040,000 | Indirect | Magnetar SC Fund Ltd |
| 5.00% Series B Fixed-To-Floating Rate Preferred Stock | 1,200,000 | Indirect | Magnetar Xing He Master Fund Ltd |
| 7.25% Series A Fixed-To-Floating Rate Preferred Stock | 156,400 | Indirect | Magnetar Constellation Fund V LLC |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 Per Share | Series A Warrants (right to buy) | $10.00 | 2020-08-05 | 2025-04-06 | 75,000 | 75,000 | Indirect |
| Common Stock, Par Value $0.01 Per Share | Series A Warrants (right to buy) | $10.00 | 2020-08-05 | 2025-04-06 | 300,000 | 300,000 | Indirect |
| Common Stock, Par Value $0.01 Per Share | Series A Warrants (right to buy) | $10.00 | 2020-08-05 | 2025-04-06 | 650,000 | 650,000 | Indirect |
| Common Stock, Par Value $0.01 Per Share | Series A Warrants (right to buy) | $10.00 | 2020-08-05 | 2025-05-07 | 120,500 | 120,500 | Indirect |
| Common Stock, Par Value $0.01 Per Share | Series B Warrants (right to buy) | $10.00 | 2020-08-05 | 2025-04-06 | 175,000 | 175,000 | Indirect |
| Common Stock, Par Value $0.01 Per Share | Series B Warrants (right to buy) | $10.00 | 2020-08-05 | 2025-04-06 | 1,500,000 | 1,500,000 | Indirect |
| Common Stock, Par Value $0.01 Per Share | Series B Warrants (right to buy) | $10.00 | 2020-08-05 | 2025-04-06 | 1,300,000 | 1,300,000 | Indirect |
| Common Stock, Par Value $0.01 Per Share | Series B Warrants (right to buy) | $10.00 | 2020-08-05 | 2025-05-07 | 109,500 | 109,500 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2025-04-06 | 75,000 | 75,000 | Indirect |
| 2025-04-06 | 300,000 | 300,000 | Indirect |
| 2025-04-06 | 650,000 | 650,000 | Indirect |
| 2025-05-07 | 120,500 | 120,500 | Indirect |
| 2025-04-06 | 175,000 | 175,000 | Indirect |
| 2025-04-06 | 1,500,000 | 1,500,000 | Indirect |
| 2025-04-06 | 1,300,000 | 1,300,000 | Indirect |
| 2025-05-07 | 109,500 | 109,500 | Indirect |
Footnotes
- Magnetar Financial LLC ("MFL") serves as investment manager of each of Magnetar Constellation Fund V Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar SC Fund Ltd and Magnetar Xing He Master Fund Ltd, which are Cayman Islands exempted companies, and Magnetar Longhorn Fund LP and Magnetar Structured Credit Fund, LP, which are Delaware limited partnerships. MFL is the manager of each of Magnetar Constellation Fund V LLC, Purpose Alternative Credit Fund - F LLC and Purpose Alternative Credit Fund - T LLC, which are Delaware limited liability companies (collectively, the "Magnetar Funds").
- Magnetar Capital Partners LP ("MCP"), a Delaware limited partnership, is the sole member and parent holding company of MFL. Supernova Management LLC ("Supernova"), a Delaware limited liability company, is the general partner of MCP. The manager of Supernova is Alec N. Litowitz, a citizen of the United States of America.
- Each of the Magnetar Funds, MFL, MCP, Supernova and Alec N. Litowitz disclaims beneficial ownership of the securities identified herein except to the extent of their pecuniary interest in the preferred stock, warrants and shares of common stock issuable upon exercise of such warrants.
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