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  "documentTitle": "Great Ajax | Results Presentation Deck | 17 slides",
  "authorId": "great-ajax",
  "authorName": "Great Ajax",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
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      "kind": "list",
      "text": "Acquisitions Closed since 6/30/2023\nNPL\nUPB: $174.9k\nCollateral Value: $257.9k\nPrice/UPB: 94.0%\nPrice/Collateral Value: 63.8%\nCoupon: 8.38%\n1 loan in 1 transaction",
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      "kind": "list",
      "text": "Acquisitions Under Contract¹\nRPL\nUPB: $187.5k\nCollateral Value: $272.7k\nPrice/UPB: 80.0%\nPrice/Collateral Value: 55.0%\nCoupon: 5.75%\n1 loan in 1 transaction",
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      "kind": "paragraph",
      "text": "A dividend of $0.20 per share, to be paid on August 31, 2023 to common stockholders of record as of August 15, 2023",
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      "kind": "paragraph",
      "text": "On July 11, 2023, we sold an unrated Class A senior bond in one of our joint ventures and recognized a loss of $0.4 million. A cumulative $0.4 million of this loss was already reflected in our book value calculation through Accumulated other comprehensive loss at June 30, 2023. This cumulative loss was reclassified to loss on sale of securities on the sale date",
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      "kind": "paragraph",
      "text": "On July 24, 2023, we formed 2023-B and 2023-C, with an accredited institutional investor, by refinancing eight joint ventures and recorded an $8.8 million non-cash impairment on our Investments in beneficial interests during the second quarter of 2023. 2023-B retained $20.7 million or 20.0% of varying classes of securities and equity. 2023-B acquired 571 RPLs and NPLs with UPB of $121.7 million and an aggregate property value of $252.2 million. The senior securities represent 75.0% of the UPB of the underlying mortgage loans and carry a 4.25% coupon. In addition, 2023-C retained $36.1 million or 20.0% of varying classes of agency rated securities and equity. 2023-C acquired 1,171 RPLs and NPLs with UPB of $203.6 million and an aggregate property value of $459.1 million. The AAA through A rated securities represent 72.4% of the UPB of the underlying mortgage loans and carry a weighted average coupon of 3.45%. Based on the structure of the transactions, we do not consolidate 2023-B and 2023-C under U.S. GAAP",
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      "text": "While these acquisitions are expected to close, there can be no assurance that these acquisitions will close or that the terms thereof may not change.",
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      "kind": "title",
      "text": "Subsequent Events",
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      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
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