Articles from United Development Funding IV

IRVING, Texas, March 04, 2025 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) today announced that, based on the voting results certified by UDF IV’s inspector of elections, First Coast Results, Inc., UDF IV shareholders approved the previously announced merger with Ready Capital Corporation (NYSERC) at the UDF IV Special Meeting of Shareholders (the “Special Meeting”) held earlier today.

IRVING, Texas, Feb. 28, 2025 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) today announced that its Board of Trustees unanimously rejected an unsolicited, non-binding and conditional proposal from NexPoint Real Estate Opportunities, LLC, an indirect subsidiary of NexPoint Diversified Real Estate Trust (NXDT), and its affiliates (collectively, “NexPoint”) to acquire the Trust.

UDF IV shareholders may receive up to $5.89 per UDF share through a combination of: (i) pre-closing distributions of UDF IV’s own cash from its balance sheet, (ii) shares issued at closing by Ready Capital for UDF IV shares, and (iii) contingent value rights

IRVING, Texas, Jan. 27, 2025 (GLOBE NEWSWIRE) -- United Development Funding Income Fund V (“UDF V”) announced today that on January 23, 2025, its board of trustees authorized a cash distribution of $2.37 per share payable on February 28, 2025, to shareholders of record at the close of business on February 21, 2025.

Preliminary Vote Count Indicates that Shareholders Who Submitted Votes Overwhelmingly Support Re-election of UDF IV Trustees

UDF IV Board is Committed to Completing Value-Creating Transaction with Ready Capital

IRVING, Texas, Dec. 05, 2024 (GLOBE NEWSWIRE) -- United Development Funding Income Fund V (“UDF V”) announced today that on November 7, 2024, its board of trustees authorized a cash distribution of $1.016 per share payable on December 31, 2024, to shareholders of record at the close of business on December 24, 2024.

Voting “FOR” ONLY the Board’s Four Nominees on the WHITE proxy Card Will Help Ensure that Shareholders Realize the Significant Value Expected from UDF IV’s Transaction with Ready Capital

IRVING, Texas, Dec. 04, 2024 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”) announced today that on November 7, 2024, its board of trustees authorized a cash distribution of $0.065 per share, approximately $2 million in the aggregate, payable on December 31, 2024, to shareholders of record at the close of business on December 24, 2024 (the “Fourth Quarter Distribution”).

Highlights Poor Share Price Performance at Multiple NexPoint-Managed Funds

      UDF IV is Monitoring Lawsuit Involving NexPoint Founder James Dondero and Trustee Nominee John Good

IRVING, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) announced today that the Trust will hold its 2024 Annual Meeting of Shareholders (the “Annual Meeting”) on December 10, 2024, at 10:00 AM CST in a virtual-only format. The Trust has engaged First Coast Results, Inc. to tabulate votes and act as inspector of election at the Annual Meeting. UDF IV shareholders as of the close of business on November 12, 2024, the record date, are entitled to vote their shares at the Annual Meeting or to submit a proxy before the Annual Meeting.

NexPoint Continues to Reward Insiders Despite Mounting Losses for NXDT

Recent Ruling Against James Dondero, NexPoint’s Founder, Affirms Ruling that Dondero Defaulted on Promissory Notes

Urges Shareholders to Consider NexPoint’s Track Record of Destroying Value for UDF IV Shareholders

Highlights NexPoint’s Abysmal Track Record of Managing Its Own Fund and Dubious Business Ethics and Practices

IRVING, Texas, Aug. 27, 2024 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”) today announced that its board of trustees has approved a cash distribution of $0.13 per share, payable on September 30, 2024, to shareholders of record as of September 23, 2024. This distribution comprises a regular quarterly distribution of $0.065 per share, which UDF IV has consistently paid since the third quarter of 2019, as well as an additional special distribution of $0.065 per share, for a total distribution of $0.13 per share. As highlighted in our July 18, 2024 shareholder letter, UDF IV’s portfolio reached a significant milestone in the first half of 2023 when the cash expected from loan repayments exceeded the cash that we anticipate our borrowers will require for improvements to the projects collateralizing our loans. This achievement enables us to make this greater distribution.

Board of Trustees Recommends Shareholders Vote FOR Its Highly Qualified Trustee Nominees on the WHITE Proxy Card

UDF IV Proxy Materials Being Mailed in Coming Days; No Shareholder Action Required at this Time

Addresses NexPoint’s Latest Attempts to Undermine the Trust at the Expense of UDF IV Shareholders

IRVING, Texas, May 28, 2024 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”) announced today that on May 22, 2024, its board of trustees authorized a cash distribution of $0.065 per share payable on June 28, 2024, to shareholders of record at the close of business on June 21, 2024.

IRVING, Texas, Feb. 12, 2024 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”) announced today that on February 1, 2024, its board of trustees authorized a cash distribution of $0.065 per share payable on March 29, 2024, to shareholders of record at the close of business on March 22, 2024.

IRVING, Texas, Jan. 19, 2024 (GLOBE NEWSWIRE) -- On January 15, 2024, the Board of Trustees (the “Board”) of United Development Funding IV (the “Trust”) approved the Fourth Amended and Restated Bylaws of the Trust (the “Fourth Amended and Restated Bylaws”). The following summary of the Fourth Amended and Restated Bylaws is subject to and qualified in its entirety by reference to the text of the Fourth Amended and Restated Bylaws, which is available on the UDF website at https://udfonline.com/investors/.

IRVING, Texas, Nov. 13, 2023 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”) announced today that on November 9, 2023, its board of trustees authorized a cash distribution of $0.065 per share payable on December 8, 2023, to shareholders of record at the close of business on December 1, 2023.

IRVING, Texas, Aug. 31, 2023 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”) announced today that its board of trustees authorized a cash distribution of $0.065 per share payable on September 29, 2023 to shareholders of record at the close of business on September 22, 2023.

IRVING, Texas, Aug. 31, 2023 (GLOBE NEWSWIRE) -- United Development Funding Income Fund V (“UDF V”) announced today that its board of trustees authorized a cash distribution of $0.0847 per share payable on September 29, 2023, to shareholders of record at the close of business on September 22, 2023.

IRVING, Texas, June 07, 2023 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”) announced today that on June 6, 2023, its board of trustees authorized a cash distribution of $0.065 per share payable on June 30, 2023, to shareholders of record at the close of business on June 23, 2023.

IRVING, Texas, March 02, 2023 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”) announced today that on February 22, 2023, its board of trustees authorized a cash distribution of $0.065 per share payable on March 31, 2023, to shareholders of record at the close of business on March 24, 2023.

GRAPEVINE, Texas, Nov. 30, 2022 (GLOBE NEWSWIRE) -- For a press release issued earlier today by United Development Funding IV, an update has been made to the headline. The updated release follows: 

GRAPEVINE, Texas, Nov. 30, 2022 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”) announced today that on November 10, 2022, its board of trustees authorized a cash distribution of $0.065 per share payable on December 30, 2022, to shareholders of record at the close of business on December 23, 2022.