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Exhibit 99.1 GREAT AJAX GREAT AJAX CORP . ANNOUNCES RESULTS FOR THE QUARTER ENDED MARCH 31 , 2021 First Quarter Highlights Purchased $ 31.6 million re - performing mortgage loans ( " RPLS " ) , with unpaid principal balance ( " UPB " ) of $ 36.0 million at 57.2 % of property value , $ 0.4 million of non - performing mortgage loans ( " NPLs " ) , with UPB of $ 0.7 million at 50.1 % of property value , and $ 3.6 million small - balance commercial loans ( " SBCS " ) , with UPB of $ 3.6 million at 36.5 % of property value , to end the quarter with $ 1.1 billion in net mortgage loans Interest income of $ 24.0 million ; net interest income of $ 13.7 million excluding a net $ 5.5 million acceleration of purchase discount on loans that paid off during the quarter as actual payoffs exceeded modeled expectations Net income attributable to common stockholders of $ 7.0 million Basic earnings per common share ( " EPS " ) of $ 0.30 Book value per common share of $ 16.18 at March 31 , 2021 Taxable income of $ 0.38 per common share Collected total cash of $ 70.2 million from loan payments , sales of real estate owned ( " REO " ) and investments in debt securities and beneficial interests Completed two securitizations materially reducing our cost of funds , with $ 175.1 million of AAA , A and BBB rated securities placed at a weighted average coupon of 1.31 % in the first transaction and $ 215.9 million of senior securities placed at a coupon of 2.24 % in the second transaction Held $ 137.6 million of cash and cash equivalents at March 31 , 2021 ; average daily cash balance for the quarter was $ 115.2 million At March 31 , 2021 , approximately 73.1 % of portfolio based on UPB made at least 12 out of the last 12 payments New York , NY - May 6 , 2021 - Great Ajax Corp. ( NYSE : AJX ) , a Maryland corporation that is a real estate investment trust , today announces its results of operations for the quarter ended March 31 , 2021. We focus primarily on acquiring , investing in and managing a portfolio of RPLS secured by single - family residences and commercial properties and , to a lesser extent , NPLs . In addition to our continued focus on residential RPLs , we also originate and acquire SBCs secured by multi - family retail / residential and mixed use properties .