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Exhibit 99.1 GREAT AJAX GREAT AJAX CORP . ANNOUNCES RESULTS FOR THE QUARTER ENDED SEPTEMBER 30 , 2021 Third Quarter Highlights Interest income of $ 23.1 million ; net interest income of $ 14.4 million Net income attributable to common stockholders of $ 9.3 million Basic earnings per common share ( " EPS " ) of $ 0.40 Book value per common share of $ 16.00 at September 30 , 2021 Taxable income of $ 0.43 per common share Formed one joint venture that acquired $ 517.7 million in unpaid principal balance ( " UPB " ) of mortgage loans with collateral values of $ 968.6 million and retained $ 54.7 million of varying classes of related securities issued by the joint venture to end the quarter with $ 479.6 million of investments in debt securities and beneficial interests Purchased $ 87.5 million of non - performing loans ( " NPLs " ) , with UPB of $ 90.9 million at 64.0 % of property value , and $ 0.5 million of re - performing mortgage loans ( " RPLS " ) , with UPB of $ 0.5 million at 61.7 % of property value to end the quarter with $ 1.0 billion in net mortgage loans In July 2021 we purchased $ 170.7 million of RPLS and NPLs into a joint venture securitization that was created in June 2021 with a securitized prefunding structure . We own 20.0 % of this joint venture . The purchase price was 97.8 % of UPB and 53.2 % of underlying property value . Collected total cash of $ 82.8 million from loan payments , sales of real estate owned properties ( " REO " ) and collections from investments in debt securities and beneficial interests Held $ 92.8 million of cash and cash equivalents at September 30 , 2021 ; average daily cash balance for the quarter was $ 89.2 million As of September 30 , 2021 , approximately 76.6 % of portfolio based on UPB made at least 12 out of the last 12 payments New York , NY November 4 , 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 September 30 , 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 small balance commercial loans ( " SBC loans " ) secured by multi - family retail / residential and mixed use properties .