Great Ajax Establishes Effective Date of Previously Announced Rebrand to Rithm Property Trust

NEW YORK--(BUSINESS WIRE)--Nov 20, 2024--

Great Ajax Corp. (NYSE: AJX, “Great Ajax” or the “Company”) today announced it will complete its previously announced name change and rebrand to Rithm Property Trust Inc. on December 2, 2024. In conjunction with the rebrand, the Company’s common stock will begin trading on the New York Stock Exchange at the market open on December 3, 2024, under the Company’s new name and new ticker symbol of “RPT”. This will replace the Company’s current ticker symbol, “AJX.” The CUSIP for the Company’s common stock will not change, and shareholders do not need to take any action as a result of the name change. The Company’s new website will be www.rithmpropertytrust.com. The rebranding initiative highlights a new chapter in the Company’s evolution as an opportunistic real estate investment platform and will reinforce the beneficial relationship with Rithm Capital Corp. (NYSE: RITM), a leading global asset manager.

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About Great Ajax Corp.

Great Ajax Corp. is a real estate investment platform externally managed by an affiliate of Rithm Capital Corp. Great Ajax has historically focused on acquiring, investing in and managing re-performing loans and non-performing loans secured by single-family residences and commercial properties. In connection with its strategic transaction with Rithm Capital, the Company is transitioning to a flexible commercial real estate focused investment strategy. Great Ajax is a Maryland corporation that is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes.

Great Ajax will be rebranded to Rithm Property Trust on December 2, 2024 (Graphic: Business Wire)

WASHINGTON (AP) — U.S. inflation slowed unexpectedly last month, the government said in a report that was delayed by the government shutdown.

The Labor Department reported Thursday that its consumer price index was up 2.7% in November from a year earlier.

The report was delayed eight days by the federal government’s 43-day shutdown, which also prevented the Labor Department from compiling overall numbers for consumer prices and core inflation in October. Thursday’ report gave investors, businesses and policymakers their first look at CPI since the September numbers were released on Oct. 24.

Consumers prices had risen 3% in September from a year earlier, and forecasters had expected the November CPI to match that year-over-year increase.

Energy prices, driven up by sharply higher fuel oil prices, rose 4.2% in November. Excluding volatile food and energy prices, so-called core inflation was up 2.6%, compared to a 3% year-over-year gain in September and the lowest since March 2021.

U.S. inflation has remained stubbornly above the Federal Reserve’s 2% target, partly because of President Donald Trump’s decision to impose double-digit taxes on imports from almost every country on earth along with targeted tariffs on specific products like steel, aluminum and autos.

The president’s tariffs have so far proved less inflationary than economists feared. But they do put upward pressure on prices and complicate matters for Fed, which is trying to decide whether to keep cutting its benchmark interest rate to support a sputtering job market or whether to hold off until inflationary pressures ease. The central bank last week decided to reduce the rate for the third time this year, but Fed officials signaled that they expect just one cut in 2026.

People shop at the Somerset Collection mall, Wednesday, Dec. 10, 2025, in Troy, Mich. (AP Photo/Ryan Sun)

Shoppers walk around the Somerset Collection mall, Wednesday, Dec. 10, 2025, in Troy, Mich. (AP Photo/Ryan Sun)