Great Ajax Corp. announced reconstitution of the Board of Directors and Board Committees. Following the closing of the Transaction, board of directors was reconstituted as a five-member board, comprised of: two directors, Paul Friedman and Mary Haggerty, that were existing directors of the Company prior to the Transaction; one member, Daniel Hoffman, that is a newly elected independent director of the Company; one member, Michael Nierenberg, that was nominated by Rithm; and one temporarily vacant directorship, which will be filled by an independent director.

Paul Friedman, Mary Haggerty and Daniel Hoffman have been appointed to serve on the Audit Committee of the Board. Paul Friedman and Daniel Hoffman have been appointed to serve on the Compensation Committee of the Board. Daniel Hoffman and Mary Haggerty have been appointed to serve on the Nominating and Corporate Governance Committee of the Board.