EJF Investments Limited
EJF Investments Limited (“EJFI”) is a closed-ended investment company incorporated with limited liability in the Bailiwick of Jersey on 20 October 2016 under the Companies (Jersey) Law 1991, with registered number 122353. It is regulated by the Jersey Financial Services Commission as a collective investment fund under the Collective Investment Funds (Jersey) Law 1988. Its registered office is at IFC 5, St. Helier, Jersey JE1 1ST. The registry record on file (last synced 11 August 2026) shows the company as active on the JFSC Companies Registry.
EJF Investments Limited seeks risk-adjusted returns by investing, through its subsidiary, in opportunities created by regulatory and structural change in the financial-services sector. Its portfolio is concentrated in securitisation and related investments — principally CDO equity tranches (“risk retention investments”) structured by an affiliate of EJF, giving leveraged exposure to debt issued by smaller US banks and insurance companies — together with a 49% interest in the CDO manager, credit risk transfer positions and specialty-finance assets in the US, UK and Europe. The company targets a total return of 8% to 10% per annum and pays quarterly dividends.
The ordinary shares were admitted to trading on the Specialist Fund Segment of the London Stock Exchange’s Main Market on 7 April 2017 under ticker EJFI (ISIN JE00BF0D1M25, SEDOL BF0D1M2); the company also has zero dividend preference shares in issue (2029 ZDP Shares, ticker EJFZ) admitted to the same segment. EJF Investments Limited is externally managed by EJF Investments Manager LLC, a Delaware entity acting as AIFM under an Amended and Restated Management Agreement dated 30 March 2017; EJF Capital LLC holds 100% of the voting rights in the manager.
For the year ended 31 December 2024 (audited, company-level; the company reports as an investment entity under IFRS 10 and does not consolidate) EJF Investments Limited reported total income of £13.4m, profit and total comprehensive income of £9.3m (2023: loss of £8.0m), earnings of 15.2p per ordinary share, total assets of £127.4m and net assets of £100.7m, or 165p per ordinary share; the NAV total return for the year was 9.80% and dividends of 10.7p per ordinary share were declared. As reported in the company’s Q4 2025 quarterly reporting, NAV at 31 December 2025 was £94.5m (163p per ordinary share), market capitalisation about £71.7m, the full-year 2025 NAV total return 4.94% and dividends declared for 2025 totalled 10.89p per share. Recent developments include the closing of risk-retention securitisation TFINS 2025-1 (7 March 2025), the sale of the mortgage servicing rights portfolio (March 2025), repayment of the 2025 ZDP Shares and issuance of 2029 ZDP Shares (May 2025), a first tender offer repurchasing 3,057,260 ordinary shares (October 2025), a 7% increase in the FY2026 dividend target to 11.45p (January 2026), and final results for the year ended 31 December 2025 announced on 26 March 2026.
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Shareholders
Jersey does not make a company’s full shareholder register public (shareholdings are filed under the Beneficial Ownership and Control regime). As an LSE-quoted company, EJF Investments Limited discloses major holders. Its 2024 Annual Report (Directors’ Report, “Significant Shareholdings”, published 26 March 2025) lists the following interests above 5% of voting rights as at 31 December 2024 (holdings direct and/or indirect):
- Cheetah Holdings Limited — 11,816,558 ordinary shares — 19.33% (the annual report’s related-party note attributes this holding to Emanuel Friedman, EJF’s co-founder, via Cheetah Holdings Limited, a charitable foundation he co-founded)
- Premier Miton Investors (investment platform) — 5,018,666 — 8.21%
- Leon Cooperman — 4,000,000 — 6.54%
- Tradex Insurance Company — 3,580,984 — 5.86%
- Wolfson Equities — 3,314,960 — 5.42%
- William E Conway Jr — 3,113,415 — 5.09%
- Newton Investment Management Limited (investment platform) — 3,062,718 — 5.01%
These disclosed holders together held 33,907,301 ordinary shares (55.46% of voting rights). EJF Capital Limited, an affiliate of the manager, separately held 1,964,063 ordinary shares (3.21%) at 31 December 2024. The company stated it received no major-holding notifications between 1 January 2024 and 26 March 2025. EJF’s 2025 half-year results presentation states that EJF and its affiliates together own approximately 26% of the ordinary shares. This reflects only reportable/major holders and connected parties, not the complete register.
Data availability: Jersey — full register not public; major holdings are available via LSE major-shareholder disclosures and the annual report’s substantial-shareholders table. No single shareholder is disclosed as controlling the company, and no ultimate beneficial owner of the company as a whole is identified in public filings.
Sources
- EJF Investments Ltd, Annual Report and Audited Financial Statements 2024 (Directors’ Report — “Significant Shareholdings”; Notes 17 and 18, related parties and transactions with the manager), dated 26 March 2025 — https://www.ejfi.com/media/1873/ejf-investments-limited-2024-annual-report-accounts.pdf — retrieved 3 September 2026.
- EJF Investments Ltd, 2025 Half Year Results Presentation (as at 30 June 2025) — https://www.ejfi.com/media/1952/ejfi-30-june-2025-results-presentation-vf.pdf — retrieved 3 September 2026.
Officers
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EJF Investments Limited has a wholly non-executive board. As disclosed in its 2024 Annual Report (published 26 March 2025) and on its website, the board comprises three directors, all considered independent and all non-executive: John Kingston III (Non-executive Chair; appointed to the board on 6 September 2024 and as Chair on 1 November 2024; chair of the Nomination Committee); Alan Dunphy (Non-executive Director, appointed 2016; chair of the Audit and Risk Committee); and Nick Watkins (Non-executive Director, appointed 2017; chair of the Management Engagement Committee). The company has no executive directors and no employees; management is delegated to the investment manager, EJF Investments Manager LLC. Apex Financial Services (Alternative Funds) Limited acts as administrator and company secretary.
Recent board changes (most recent first): John Kingston III appointed Chair on 1 November 2024; John Kingston III appointed to the board on 6 September 2024; Joanna Dentskevich (previously Chair) retired as a director on 2 May 2024. Neal J. Wilson, a co-founder and CEO of the manager, previously served as a director of EJF Investments Limited but retired from that role in 2023.
The registry record on file additionally lists Jay Ghatalia (described as Finance Director of EJF Investments Manager LLC) and Neal James Wilson as officers connected to the manager; these entries appear to reflect historical or manager-level filings rather than the current board set out above. The JFSC Companies Registry does not generally publish officers’ nationalities and none is stated in the company’s filings, so nationality is not reported here.
Sources
- EJF Investments Ltd, Annual Report and Audited Financial Statements 2024 (“The Board”; “General Information”; Directors’ Report; Nomination Committee Report), dated 26 March 2025 — https://www.ejfi.com/media/1873/ejf-investments-limited-2024-annual-report-accounts.pdf — retrieved 3 September 2026.
- EJF Investments Ltd, “About Us” board listing, https://www.ejfi.com/about-us/ — retrieved 3 September 2026.
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
Group Structure
EJF Investments Limited is a standalone London-listed investment company with one direct subsidiary. Per its 2024 Annual Report, the company owns 100% of the issued capital of EJF Investments Holdings Limited (“EJFIH”), incorporated in Jersey on 9 June 2017; the “Group” comprises the company and EJFIH, and portfolio assets are held via EJFIH. The company reports as an investment entity under IFRS 10 and does not consolidate, carrying its investment in EJFIH at fair value. Within the structure, CDO equity tranche (risk-retention) investments are held through EJF Investments LP, a Delaware limited partnership whose general partner is EJF Investments GP Inc.
The company is externally managed by EJF Investments Manager LLC (Delaware), which acts as AIFM under an Amended and Restated Management Agreement dated 30 March 2017 (management fee 1% of NAV per annum; 10% incentive fee over a hurdle and high-watermark). The manager is an affiliate of EJF Capital LLC, which the 2024 Annual Report states holds 100% of the voting rights in the manager. This is a management/affiliate relationship; no official filing reviewed shows EJF Capital LLC owning EJF Investments Limited. The company also holds a 49% interest in the CDO manager, EJF CDO Manager LLC (Delaware). Seneca Mortgage Servicing LLC, through which the company formerly held mortgage servicing rights, is owned and controlled by EJF Capital LLC, not by EJF Investments Limited (the MSR portfolio was sold in March 2025).
Main jurisdictions: Jersey (the company and EJFIH) and the United States / Delaware (the partnership, the manager and the CDO manager). Information date: 2024 Annual Report (26 March 2025), supplemented by 2025 announcements. Country availability: Jersey — group and ownership linkage is not published by the registry; the above is taken from the company’s own filings.
Recent structural changes: (1) 28 June 2024 — Apex Financial Services (Alternative Funds) Limited appointed administrator and company secretary, replacing BNP Paribas Securities Services; (2) March 2025 — sale of the MSR portfolio; (3) May 2025 — repayment of the 2025 ZDP Shares and issuance of 2029 ZDP Shares.
Sources
- EJF Investments Ltd, Annual Report and Audited Financial Statements 2024 (Corporate Summary — “Structure” and “Manager”; Glossary of Terms; Notes 17 and 18), dated 26 March 2025 — https://www.ejfi.com/media/1873/ejf-investments-limited-2024-annual-report-accounts.pdf — retrieved 3 September 2026.
- EJF Investments Ltd, 2025 Half Year Results Presentation (as at 30 June 2025) — https://www.ejfi.com/media/1952/ejfi-30-june-2025-results-presentation-vf.pdf — retrieved 3 September 2026.
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Frequently Asked Questions
What is the exact legal name of the company?
EJF Investments Limited, also referred to as "EJFI". The company has ordinary shares and zero dividend preference shares (2029 ZDP Shares) in issue.
What is the company's Jersey registration number?
The registered number is 122353 on the Jersey Financial Services Commission (JFSC) Companies Registry.
Where and when was it incorporated?
It was incorporated with limited liability in the Bailiwick of Jersey on 20 October 2016 under the Companies (Jersey) Law 1991.
What is its legal form?
It is a closed-ended investment company, regulated by the JFSC as a collective investment fund under the Collective Investment Funds (Jersey) Law 1988.
What is the registered office address?
IFC 5, St. Helier, Jersey JE1 1ST, Channel Islands.
What is the company's current status?
The registry record on file (last synced 11 August 2026) shows the company as active. It continues to file regulatory announcements and announced final results for the year ended 31 December 2025 on 26 March 2026.
What does EJF Investments invest in?
It invests, through its subsidiary, in assets benefiting from regulatory and structural change in financial services: principally CDO equity tranches ("risk retention investments") backed by debt of smaller US banks and insurance companies, plus a 49% interest in the CDO manager, credit risk transfer positions and specialty-finance assets in the US, UK and Europe.
Where are its shares listed?
The ordinary shares trade on the Specialist Fund Segment of the London Stock Exchange Main Market (admitted 7 April 2017) under ticker EJFI, ISIN JE00BF0D1M25, SEDOL BF0D1M2. Its 2029 ZDP Shares (ticker EJFZ) trade on the same segment.
Who manages the company?
EJF Investments Manager LLC, a Delaware entity acting as AIFM under a management agreement dated 30 March 2017. EJF Capital LLC holds 100% of the voting rights in the manager.
What is the company's net asset value?
Net asset value was GBP 100.7m (165p per ordinary share) at 31 December 2024 and, per the company's Q4 2025 quarterly reporting, GBP 94.5m (163p per ordinary share) at 31 December 2025.
What were the latest reported results?
For the year ended 31 December 2024 (audited, company-level) the company reported total income of GBP 13.4m, profit of GBP 9.3m, earnings of 15.2p per share, total assets of GBP 127.4m and a NAV total return of 9.80%. For the year ended 31 December 2025 it reported a NAV total return of 4.94% and dividends declared of 10.89p per ordinary share (final results announced 26 March 2026).
What are the main recent developments?
Closing of securitisation TFINS 2025-1 (7 March 2025), sale of the mortgage servicing rights portfolio (March 2025), repayment of the 2025 ZDP Shares and issuance of 2029 ZDP Shares (May 2025), a first tender offer repurchasing 3,057,260 ordinary shares (October 2025), and a 7% increase in the FY2026 dividend target to 11.45p per share (January 2026).
Is the company part of a group?
It has one wholly-owned Jersey subsidiary, EJF Investments Holdings Limited (incorporated 9 June 2017), and holds CDO equity tranches through EJF Investments LP, a Delaware limited partnership. It is managed by, but not owned by, EJF Investments Manager LLC / EJF Capital LLC.
Is EJF Investments Limited still an active company?
EJF Investments Limited's status is listed as active.
When was EJF Investments Limited incorporated?
EJF Investments Limited was incorporated on 20 October 2016.
What is EJF Investments Limited's registered address?
The registered address on file for EJF Investments Limited is St. Helier, Jersey.
Can Zavia monitor changes to EJF Investments Limited's ownership over time?
This profile reflects a point-in-time snapshot. Zavia's monitoring API can track changes to EJF Investments Limited's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access EJF Investments Limited's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Jersey, so records like EJF Investments Limited's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.