Magnetar Financial LLC - Jun 28, 2022 Form 4 Insider Report for Great Ajax Corp. (AJX)

Role
10%+ Owner
Signature
/s/ Alec N. Litowitz, as Manager of Supernova Management LLC, which is the General Partner of Magnetar Capital Partners LP, which is in turn the Sole Member of Magnetar Financial LLC
Stock symbol
AJX
Transactions as of
Jun 28, 2022
Transactions value $
-$27,250,036
Form type
4
Date filed
6/30/2022, 04:02 PM
Previous filing
Jun 22, 2022
Next filing
Jul 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJX 7.25% Series A Fixed-to-Floating Rate Preferred Stock Sale -$3.58M -143K -48.9% $25.06 149K Jun 28, 2022 Magnetar Longhorn Fund LP F1, F2, F3
transaction AJX 7.25% Series A Fixed-to-Floating Rate Preferred Stock Sale -$7.74M -309K -48.9% $25.06 323K Jun 28, 2022 Magnetar Structured Credit Fund, LP F1, F2, F3
transaction AJX 7.25% Series A Fixed-to-Floating Rate Preferred Stock Sale -$2.73M -109K -48.9% $25.06 114K Jun 28, 2022 Purpose Alternative Credit Fund - F LLC F1, F2, F3
transaction AJX 7.25% Series A Fixed-to-Floating Rate Preferred Stock Sale -$1.36M -54.5K -48.9% $25.06 56.9K Jun 28, 2022 Purpose Alternative Credit Fund - T LLC F1, F2, F3
transaction AJX 5.00% Series B Fixed-to-Floating Rate Preferred Stock Sale -$4.51M -185K -48.9% $24.38 194K Jun 28, 2022 Magnetar Constellation Master Fund, Ltd F1, F2, F3
holding AJX 5.00% Series B Fixed-to-Floating Rate Preferred Stock 228K Jun 28, 2022 Magnetar Constellation Fund V Ltd F1, F2, F3
holding AJX 5.00% Series B Fixed-to-Floating Rate Preferred Stock 1.04M Jun 28, 2022 Magnetar SC Fund Ltd F1, F2, F3
holding AJX 5.00% Series B Fixed-to-Floating Rate Preferred Stock 1.2M Jun 28, 2022 Magnetar Xing He Master Fund Ltd F1, F2, F3
holding AJX 7.25% Series A Fixed-to-Floating Rate Preferred Stock 156K Jun 28, 2022 Magnetar Constellation Fund V LLC F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AJX Series A Warrants (right to buy) Sale -$1.25M -178K -59.48% $6.99 122K Jun 28, 2022 Common Stock, par value $0.01 per share 178K $10.00 Magnetar Longhorn Fund LP F1, F2, F3
transaction AJX Series A Warrants (right to buy) Sale -$2.7M -386K -59.36% $6.99 264K Jun 28, 2022 Common Stock, par value $0.01 per share 386K $10.00 Magnetar Structured Credit Fund, LP F1, F2, F3
transaction AJX Series A Warrants (right to buy) Sale -$952K -136K -48.9% $6.99 142K Jun 28, 2022 Common Stock, par value $0.01 per share 136K $10.00 Purpose Alternative Credit Fund - F LLC F1, F2, F3
transaction AJX Series A Warrants (right to buy) Sale -$476K -68.1K -48.9% $6.99 71.1K Jun 28, 2022 Common Stock, par value $0.01 per share 68.1K $10.00 Purpose Alternative Credit Fund - T LLC F1, F2, F3
transaction AJX Series B Warrants (right to buy) Sale -$1.96M -231K -48.9% $8.45 242K Jun 28, 2022 Common Stock, par value $0.01 per share 231K $10.00 Magnetar Constellation Master Fund, Ltd F1, F2, F3
holding AJX Series A Warrants (right to buy) 75K Jun 28, 2022 Common Stock, par value $0.01 per share 75K $10.00 Magnetar Constellation Fund V LLC F1, F2, F3
holding AJX Series A Warrants (right to buy) 121K Jun 28, 2022 Common Stock, par value $0.01 per share 121K $10.00 Magnetar Constellation Fund V LLC F1, F2, F3
holding AJX Series A Warrants (right to buy) 64.9K Jun 28, 2022 Common Stock, par value $0.01 per share 64.9K $10.00 Magnetar Longhorn Fund LP F1, F2, F3
holding AJX Series A Warrants (right to buy) 139K Jun 28, 2022 Common Stock, par value $0.01 per share 139K $10.00 Magnetar Structured Credit Fund, LP F1, F2, F3
holding AJX Series B Warrants (right to buy) 175K Jun 28, 2022 Common Stock, par value $0.01 per share 175K $10.00 Magnetar Constellation Fund V Ltd F1, F2, F3
holding AJX Series B Warrants (right to buy) 1.5M Jun 28, 2022 Common Stock, par value $0.01 per share 1.5M $10.00 Magnetar Xing He Master Fund Ltd F1, F2, F3
holding AJX Series B Warrants (right to buy) 1.3M Jun 28, 2022 Common Stock, par value $0.01 per share 1.3M $10.00 Magnetar SC Fund Ltd F1, F2, F3
holding AJX Series B Warrants (right to buy) 110K Jun 28, 2022 Common Stock, par value $0.01 per share 110K $10.00 Magnetar Constellation Fund V Ltd F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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").
F2 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.
F3 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.