AAMC Enters into Forward Sale Contracts to Sell Alternative Credit Products

Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE: AAMC) announces that it has entered into forward contracts to sell alternative credit products to two of the US’s largest institutional counterparties that manage insurance and credit money assets. The organizations have over $50 billion and $15 billion in assets under management.

Establishing partnerships with blue chip asset managers affirms AAMC’s distinctive loan origination template: AAMC’s strategy leverages growing relationships with large multi-asset managers to originate loans based on the specific loan criteria of individual asset managers, as opposed to a one-size-fits-all securitization-based model.

“These counterparties would not have entered into this arrangement if they did not value our business model,” said Jason Kopcak, CEO of AAMC. “Gaining the trust and business of the largest fixed income counterparties in the Private Credit/Alternative Asset space within our first few months of alternative lending operations is a testament to the deep experience of our team.”

Kopcak reports that AAMC is in process with five additional counterparties regarding similar forward contracts.

“This is exciting for AAMC,” said Kopcak, “these partnerships underscore the value of our model, suggest that the credit market is healing and demonstrate renewed interest in this asset class.”

About AAMC

AAMC is a private credit provider that originates alternative assets to provide liquidity and capital to underserved markets. We also continue to assess opportunities that could potentially be of long-term benefit to shareholders. Additional information is available at www.altisourceamc.com.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections, anticipations, and assumptions. These statements may be identified by words such as “anticipate,” “intend,” “expect,” “may,” “could,” “should,” “would,” “plan,” “estimate,” “target,” “seek,” “believe” and other expressions or words of similar meaning. We caution that forward-looking statements are qualified by the existence of certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements.

The statements made in this press release are current as of the date of this press release only. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, whether as a result of new information, future events or otherwise.


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.