Sheppard Mullin is serving as counsel to the Special Committee of the Board of Directors of Great Ajax Corp. (NYSE: AJX), a real estate investment trust (“REIT”) investing primarily residential mortgage loans, in connection with the recently announced acquisition of Great Ajax by Ellington Financial Inc. (NYSE: EFC). Ellington Financial is a REIT investing in a diverse array of financial assets including residential and commercial mortgage loans. The transaction is expected to close by year-end 2023.
The Sheppard Mullin team serving as counsel to the Special Committee is being led by partners Richard Friedman and John Hempill.
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