Q2 2020 Great Ajax Corp Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Great Ajax Corp. Q2 2020 Earnings Call. (Operator Instructions) I would now like to hand the conference over to your speaker today, Mr. Lawrence Mendelsohn, CEO. Thank you. Please go ahead, sir.
Thank you very much. Thank you, everybody, for joining us on our second quarter of 2020 earnings call. Before we get started on the presentation, I want to just have you take a look at Q2 -- or at Page 2 for the forward-looking statement disclosure.
And with that, we can get moving to Page 3, our business overview. Q2 2020 was a positive quarter in many ways. After navigating through March and April, we closed the second tranche of joint venture investment in loans that was purchased in a prefunded securitization structure that we created in March of 2020.
We raised $125 million in net proceeds of perpetual preferred shares. We paid down significant amount repurchase facility debt in Q2 as a result of loan and mortgage bond
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