Sheppard Mullin Advises Special Committee of Great Ajax Corp. in Connection with Acquisition by Ellington Financial Inc.
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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