Great Ajax completes exchange transaction with Rithm; Rithm to replace manager

Rithm Property Trust Inc.

Stockholders approved issuance of common stock and warrant shares to Rithm in strategic transaction replacing current manager; 21.9M for, 7.0M against.
Exchange completed; 2,581,694 shares of common stock issued pursuant to the exchange.
Four directors elected: Friedman, Haggerty, Hoffman, Nierenberg.
Management Agreement with RCM GA Manager LLC and Amendment No. 1 to 2016 Equity Incentive Plan approved.
Moss Adams ratified as auditor for fiscal year ending December 31, 2024.

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