Q2 2019 Great Ajax Corp Earnings Call Transcript
Good day, and welcome to the Great Ajax Second Quarter 2019 Financial Results Conference Call and Webcast. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Mr. Lawrence Mendelsohn, Chief Executive Officer. Please go ahead.
Thank you very much, and thank you, everybody, for joining for the Great Ajax second quarter conference call.
I want to do a quick reference to Page 2, the safe harbor disclosure and forward-looking statements. And with that, we can jump right in.
A quick prelude. Q2 2019 was another very good quarter. We bought loans from multiple sources at very good prices, sold approximately $200 million of primarily non-clean-pay loans into a joint venture with good institutional partners at good prices. And we continued to improve the rates in terms of our asset-based financing. The market value of our assets continues to increase, and we believe net asset value and intrinsic value grew materially in Q2 2019
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