Magnetar Financial Form 4 Great Ajax / Alec N Litowitz ownership change

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)
07/26/2022

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	07/26/2022		S		35,686	D	$24.65	113,483	I	Magnetar Longhorn Fund LP⁽¹⁾⁽²⁾⁽³⁾
7.25% Series A Fixed-to-Floating Rate Preferred Stock	07/26/2022		S		77,168	D	$24.65	245,393	I	Magnetar Structured Credit Fund, LP⁽¹⁾⁽²⁾⁽³⁾
7.25% Series A Fixed-to-Floating Rate Preferred Stock	07/26/2022		S		27,233	D	$24.65	86,601	I	Purpose Alternative Credit Fund - F LLC⁽¹⁾⁽²⁾⁽³⁾
7.25% Series A Fixed-to-Floating Rate Preferred Stock	07/26/2022		S		13,617	D	$24.65	43,300	I	Purpose Alternative Credit Fund - T LLC⁽¹⁾⁽²⁾⁽³⁾
5.00% Series B Fixed-to-Floating Rate Preferred Stock	07/26/2022		S		46,296	D	$24.15	147,223	I	Magnetar Constellation Master Fund, Ltd⁽¹⁾⁽²⁾⁽³⁾
7.25% Series A Fixed-to-Floating Rate Preferred Stock								156,400	I	Magnetar Constellation Fund V LLC⁽¹⁾⁽²⁾⁽³⁾
5.00% Series B Fixed-to-Floating Rate Preferred Stock								227,600	I	Magnetar Constellation Fund V Ltd⁽¹⁾⁽²⁾⁽³⁾
5.00% Series B Fixed-to-Floating Rate Preferred Stock								1,040,000	I	Magnetar SC Fund Ltd⁽¹⁾⁽²⁾⁽³⁾
5.00% Series B Fixed-to-Floating Rate Preferred Stock								1,200,000	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	07/26/2022		S			44,608	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	44,608	$6.99	76,961	I	Magnetar Longhorn Fund LP⁽¹⁾⁽²⁾⁽³⁾
Series A Warrants (right to buy)	$10	07/26/2022		S			96,460	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	96,460	$6.99	167,701	I	Magnetar Structured Credit Fund, LP⁽¹⁾⁽²⁾⁽³⁾
Series A Warrants (right to buy)	$10	07/26/2022		S			34,041	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	34,041	$6.99	108,252	I	Purpose Alternative Credit Fund - F LLC⁽¹⁾⁽²⁾⁽³⁾
Series A Warrants (right to buy)	$10	07/26/2022		S			17,021	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	17,021	$6.99	54,125	I	Purpose Alternative Credit Fund - T LLC⁽¹⁾⁽²⁾⁽³⁾
Series B Warrants (right to buy)	$10	07/26/2022		S			57,870	08/05/2020	04/06/2025	Common stock, par value $0.01 per share	57,870	$8.45	184,029	I	Magnetar Constellation Master Fund, Ltd⁽¹⁾⁽²⁾⁽³⁾
Series A Warrants (right to buy)	$10							08/05/2020	04/06/2025	Common stock, par value $0.01 per share	75,000		75,000	I	Magnetar Constellation Fund V LLC⁽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 A Warrants (right to buy)	$10							08/05/2020	05/07/2025	Common stock, par value $0.01 per share	64,892		64,892	I	Magnetar Longhorn Fund LP⁽¹⁾⁽²⁾⁽³⁾
Series A Warrants (right to buy)	$10							08/05/2020	05/07/2025	Common stock, par value $0.01 per share	139,040		139,040	I	Magnetar Structured Credit Fund, LP⁽¹⁾⁽²⁾⁽³⁾
Series B Warrants (right to buy)	$10							08/05/2020	04/06/2025	Common stock, par value $0.01 per share	175,000		175,000	I	Magnetar Constellation Fund V Ltd⁽¹⁾⁽²⁾⁽³⁾
Series B Warrants (right to buy)	$10							08/05/2020	04/06/2025	Common stock, par value $0.01 per share	1,500,000		1,500,000	I	Magnetar Xing He Master Fund Ltd⁽¹⁾⁽²⁾⁽³⁾
Series B Warrants (right to buy)	$10							08/05/2020	04/06/2025	Common stock, par value $0.01 per share	1,300,000		1,300,000	I	Magnetar SC Fund Ltd⁽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)

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)

1. Name and Address of Reporting Person^*

Supernova Management LLC

(Last)

(First)

(Middle)

1603 ORRINGTON AVENUE

13TH FLOOR

(Street)

EVANSTON

60201

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Litowitz Alec N

(Last)

(First)

(Middle)

1603 ORRINGTON AVENUE

13TH FLOOR

(Street)

EVANSTON

60201

(City)

(State)

(Zip)

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.

Remarks:

	/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	07/28/2022
	/s/ Alec N. Litowitz, as Manager of Supernova Management LLC, which is the General Partner of Magnetar Capital Partners LP	07/28/2022
	/s/ Alec N. Litowitz, as Manager of Supernova Management LLC	07/28/2022
	/s/ Alec N. Litowitz	07/28/2022
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Magnetar Financial Form 4Great Ajax / Alec N Litowitz ownership change