Urges Shareholders to Vote for Board Change by
Supporting NexPoint Nominees
DALLAS, Sept. 3,
2024 /PRNewswire/ -- NexPoint Real Estate
Opportunities, LLC (together with its affiliates "NexPoint")
announced today that it has sent a letter to fellow shareholders of
United Development Funding IV ("UDF IV" or the "Company"), a real
estate investment trust, ahead of the Company's upcoming Annual
Meeting of Shareholders, which must be held on or before
December 31, 2024.
In its letter, NexPoint urges shareholders to consider the
numerous red flags around UDF IV's current Board of Trustees
before voting in the Trustee election. Given the incumbent
Trustees' track record on the Board, which includes presiding over
fraud and value destruction, among other offenses,
NexPoint encourages shareholders to vote for change by supporting
NexPoint nominees: Paul S. Broaddus,
Edward N. Constantino, John A. Good, and Julie
Silcock.
Shareholders can read the full letter here.
While the Company has not announced an Annual Meeting date,
shareholders can vote TODAY using NexPoint's GREEN proxy
materials to enact long overdue change and elect Trustees who
will work for all shareholders to maximize value at UDF IV.
NexPoint encourages shareholders to visit udfaccountability.com
and complete the contact form to receive ongoing updates about the
Company and the upcoming Annual Meeting.
Shareholders can also contact NexPoint via email at
udfinvestors@nexpoint.com.
About NexPoint
NexPoint Real Estate Opportunities, LLC is a wholly owned
subsidiary of NexPoint Diversified Real Estate Trust, Inc. (NYSE:
NXDT), an affiliate of NexPoint Advisors, L.P.
NexPoint Advisors, L.P. is an SEC-registered adviser on the
NexPoint alternative investment platform. It serves as the adviser
to a suite of funds and investment vehicles, including a closed-end
fund, interval fund, business development company, and various real
estate vehicles. For more information visit www.nexpoint.com
IMPORTANT INFORMATION
NexPoint Real Estate Opportunities, LLC ("NexPoint") intends to
deliver a proxy statement with respect to its solicitation of
proxies for nominees to be elected to the United Development
Funding IV ("UDF IV") Board of Trustees at the Annual Meeting of
Shareholders of UDF IV. The date for the Annual Meeting has not yet
been set and NexPoint is not soliciting proxies at this time.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE NEXPOINT PROXY
STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) WHEN
AVAILABLE IN ITS ENTIRETY BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION ABOUT ANY SOLICITATION. Copies of the documents will be
made available free of charge from NexPoint by accessing the
website www.udfaccountability.com.
NexPoint, its affiliates, their directors and executive officers
and other members of management and employees may be participants
(collectively "Participants") in the solicitation of proxies by
NexPoint. Information about NexPoint's nominees to the UDF IV Board
of Trustees and information regarding the direct or indirect
interests in UDF IV, by security holdings or otherwise, of
NexPoint, the other Participants and NexPoint's nominees will be
available in the proxy statement. NexPoint's disclosure of
any security holdings will be based on information made available
to NexPoint by such Participants and nominees. UDF IV is no longer
subject to the reporting requirements of the Securities Exchange
Act of 1934, as amended. Consequently, NexPoint's knowledge of
significant security holders of UDF IV and as to UDF IV itself is
limited.
CONTACT INFORMATION
UDF IV Investor Contacts
Chuck
Garske / Jeremy Provost /
Theo Caminiti (Okapi Partners):
Email: info@okapipartners.com
Phone: (212) 297-0720
For Additional Information/Updates on UDF IV
Website:
www.udfaccountability.com
Email: udfinvestors@nexpoint.com
Media Contacts
Lucy
Bannon (NexPoint): lbannon@nexpoint.com
Paul Caminiti/Pamela Greene (Reevemark):
nexpointteam@reevemark.com
NexPoint Investor Relations
Kristen Thomas: ir@nexpoint.com
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SOURCE NexPoint Advisors, L.P.