"The completion of the Amended AMA with Front Yard in May 2019 was a significant achievement for AAMC, as it created a base management fee floor for AAMC with the potential for fees to increase as Front Yard's performance improves and provided important termination fee protection for AAMC that had not existed under the former asset management agreement," stated George Ellison, Chief Executive Officer. "We managed the internalization of Front Yard's property management platform ahead of schedule without impact to its residents.