---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-110488"
form_type: "8-K"
ticker: "RPT"
cik: "0001614806"
company_name: "Rithm Property Trust Inc."
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T18:36:07.009316+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Great Ajax and Ellington Financial mutually terminate merger; EFC pays $16M

## Summary
- Mutual termination of merger agreement announced July 3, 2023, effective immediately.
- Ellington Financial will pay Great Ajax $16M: $5M cash and $11M in stock at $6.60 per share.
- EFC now holds approximately 6.1% of Great Ajax common stock post-transaction.
- Both companies intend to continue collaborating on mortgage loan opportunities.
- Parties mutually release all claims related to the merger agreement.

## SEC filing metadata
- accession: 0001104659-23-110488
- form_type: 8-K
- ticker: RPT
- cik: 0001614806
- company_name: Rithm Property Trust Inc.
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614806/000110465923110488/0001104659-23-110488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614806/000110465923110488/tm2328849d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-110488
- JSON: https://secwatch.observer/filing/0001104659-23-110488.json
- Plain text: https://secwatch.observer/filing/0001104659-23-110488.txt

## Key facts
- Material Agreements
  Rithm Property Trust Inc. terminated Termination Agreement with Ellington Financial Inc. valued at $16 million (effective 2023-10-20).
  - Action: termination
  - Agreement: merger
  - Counterparty: Ellington Financial Inc.
  - Value: $16 million
  - Effective: 2023-10-20
  source text: On October 20, 2023, Great Ajax and EFC entered into a Termination Agreement (the “Termination Agreement”) pursuant to which, among other things, Great Ajax and EFC mutually agreed to terminate the Merger Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614806/000110465923110488/0001104659-23-110488-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.