SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Magnetar Financial LLC

(Last)

(First)

(Middle)

1603 ORRINGTON AVENUE,

13TH FLOOR

(Street)

EVANSTON

60201

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Great Ajax Corp. [ AJX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
7.25% Series A Fixed-to-Floating Rate Preferred Stock	08/31/2022		S		113,483	D	$24.57	0	I	Magnetar Longhorn Fund LP⁽¹⁾⁽²⁾⁽³⁾
7.25% Series A Fixed-to-Floating Rate Preferred Stock	08/31/2022		S		245,393	D	$24.57	0	I	Magnetar Structured Credit Fund, LP⁽¹⁾⁽²⁾⁽³⁾
7.25% Series A Fixed-to-Floating Rate Preferred Stock	08/31/2022		S		86,601	D	$24.57	0	I	Purpose Alternative Credit Fund - F LLC⁽¹⁾⁽²⁾⁽³⁾
7.25% Series A Fixed-to-Floating Rate Preferred Stock	08/31/2022		S		43,300	D	$24.57	0	I	Purpose Alternative Credit Fund - T LLC⁽¹⁾⁽²⁾⁽³⁾
7.25% Series A Fixed-to-Floating Rate Preferred Stock	08/31/2022		S		31,990	D	$24.57	124,410	I	Magnetar Constellation Fund V LLC⁽¹⁾⁽²⁾⁽³⁾
5.00% Series B Fixed-to-Floating Rate Preferred Stock	08/31/2022		S		147,223	D	$24.11	0	I	Magnetar Constellation Master Fund, Ltd⁽¹⁾⁽²⁾⁽³⁾
5.00% Series B Fixed-to-Floating Rate Preferred Stock	08/31/2022		S		46,555	D	$24.11	181,045	I	Magnetar Constellation Fund V Ltd⁽¹⁾⁽²⁾⁽³⁾
5.00% Series B Fixed-to-Floating Rate Preferred Stock	08/31/2022		S		1,040,000	D	$24.11	0	I	Magnetar SC Fund Ltd⁽¹⁾⁽²⁾⁽³⁾
5.00% Series B Fixed-to-Floating Rate Preferred Stock	08/31/2022		S		245,455	D	$24.11	954,545	I	Magnetar Xing He Master Fund Ltd⁽¹⁾⁽²⁾⁽³⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Series A Warrants (right to buy)	$10	08/31/2022		S			76,961	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	76,961	$6.99	0	I	Magnetar Longhorn Fund LP⁽¹⁾⁽²⁾⁽³⁾
Series A Warrants (right to buy)	$10	08/31/2022		S			167,701	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	167,701	$6.99	0	I	Magnetar Structured Credit Fund, LP⁽¹⁾⁽²⁾⁽³⁾
Series A Warrants (right to buy)	$10	08/31/2022		S			108,252	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	108,252	$6.99	0	I	Purpose Alternative Credit Fund - F LLC⁽¹⁾⁽²⁾⁽³⁾
Series A Warrants (right to buy)	$10	08/31/2022		S			54,125	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	54,125	$6.99	0	I	Purpose Alternative Credit Fund - T LLC⁽¹⁾⁽²⁾⁽³⁾
Series A Warrants (right to buy)	$10	08/31/2022		S			39,988	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	39,988	$6.99	35,012	I	Magnetar Constellation Fund V LLC⁽¹⁾⁽²⁾⁽³⁾
Series A Warrants (right to buy)	$10	08/31/2022		S			64,892	08/05/2020	05/07/2025	Common stock, par value $0.01 per share	64,892	$6.99	0	I	Magnetar Longhorn Fund LP⁽¹⁾⁽²⁾⁽³⁾
Series A Warrants (right to buy)	$10	08/31/2022		S			139,040	08/05/2020	05/07/2025	Common stock, par value $0.01 per share	139,040	$6.99	0	I	Magnetar Structured Credit Fund, LP⁽¹⁾⁽²⁾⁽³⁾
Series B Warrants (right to buy)	$10	08/31/2022		S			184,029	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	184,029	$8.45	0	I	Magnetar Constellation Master Fund, Ltd⁽¹⁾⁽²⁾⁽³⁾
Series B Warrants (right to buy)	$10	08/31/2022		S			58,194	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	58,194	$8.45	116,806	I	Magnetar Constellation Fund V Ltd⁽¹⁾⁽²⁾⁽³⁾
Series B Warrants (right to buy)	$10	08/31/2022		S			306,819	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	306,819	$8.45	1,193,181	I	Magnetar Xing He Master Fund Ltd⁽¹⁾⁽²⁾⁽³⁾
Series B Warrants (right to buy)	$10	08/31/2022		S			1,300,000	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	1,300,000	$8.45	0	I	Magnetar SC Fund Ltd⁽¹⁾⁽²⁾⁽³⁾
Series A Warrants (right to buy)	$10							08/05/2020	05/07/2025	Common stock, par value $0.01 per share	120,500		120,500	I	Magnetar Constellation Fund V LLC⁽¹⁾⁽²⁾⁽³⁾
Series B Warrants (right to buy)	$10							08/05/2020	05/07/2025	Common stock, par value $0.01 per share	109,500		109,500	I	Magnetar Constellation Fund V Ltd⁽¹⁾⁽²⁾⁽³⁾

1. Name and Address of Reporting Person^*

Magnetar Financial LLC

(Last)

(First)

(Middle)

1603 ORRINGTON AVENUE,

13TH FLOOR

(Street)

EVANSTON

60201

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Magnetar Capital Partners LP

(Last)

(First)

(Middle)

1603 ORRINGTON AVENUE,

13TH FLOOR

(Street)

EVANSTON

60201

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Supernova Management LLC

(Last)

(First)

(Middle)

1603 ORRINGTON AVENUE,

13TH FLOOR

(Street)

EVANSTON

60201

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Litowitz Alec N

(Last)

(First)

(Middle)

1603 ORRINGTON AVENUE,

13TH FLOOR

(Street)

EVANSTON

60201

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Magnetar Financial LLC ("MFL") serves as investment manager of each of Magnetar Constellation Fund V Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar SC Fund Ltd and Magnetar Xing He Master Fund Ltd, which are Cayman Islands exempted companies, and Magnetar Longhorn Fund LP and Magnetar Structured Credit Fund, LP, which are Delaware limited partnerships. MFL is the manager of each of Magnetar Constellation Fund V LLC, Purpose Alternative Credit Fund - F LLC and Purpose Alternative Credit Fund - T LLC, which are Delaware limited liability companies (collectively, the "Magnetar Funds").

2. Magnetar Capital Partners LP ("MCP"), a Delaware limited partnership, is the sole member and parent holding company of MFL. Supernova Management LLC ("Supernova"), a Delaware limited liability company, is the general partner of MCP. The manager of Supernova is Alec N. Litowitz, a citizen of the United States of America.

3. Each of the Magnetar Funds, MFL, MCP, Supernova and Alec N. Litowitz disclaims beneficial ownership of the securities identified herein except to the extent of their pecuniary interest in the preferred stock, warrants and shares of common stock issuable upon exercise of such warrants.

	/s/ Alec N. Litowitz, as Manager of Supernova Management LLC, which is the General Partner of Magnetar Capital Partners LP, which is in turn the Sole Member of Magnetar Financial LLC	09/02/2022
	/s/ Alec N. Litowitz, as Manager of Supernova Management LLC, which is the General Partner of Magnetar Capital Partners LP	09/02/2022
	/s/ Alec N. Litowitz, as Manager of Supernova Management LLC	09/02/2022
	/s/ Alec N. Litowitz	09/02/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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