NexPoint Sends Proxy Materials to United Development Funding IV (UDF IV) Shareholders, Enabling Shareholders to Vote to Replace Trustees at 2024 Annual Meeting
NexPoint Real Estate Opportunities has sent proxy materials to United Development Funding IV (UDF IV) shareholders for the 2024 Annual Meeting. NexPoint, claiming to be UDF IV's largest shareholder, has nominated four individuals to the Board of Trustees: Paul S. Broaddus, Edward N. Constantino, John A. Good, and Julie Silcock. They urge shareholders to vote for these nominees using the GREEN proxy card.
NexPoint criticizes the current Board for disenfranchising shareholders, protecting executives who defrauded shareholders, misusing funds, eroding share value, and resisting transparency. The nominees aim to restore proper oversight and advocate for shareholders' interests. While the Annual Meeting date is not set, shareholders can vote immediately using the provided materials.
NexPoint Real Estate Opportunities ha inviato materiali di delega agli azionisti di United Development Funding IV (UDF IV) per l'Assemblea Annuale del 2024. NexPoint, che si presenta come il maggiore azionista di UDF IV, ha nominato quattro individui per il Consiglio di Amministrazione: Paul S. Broaddus, Edward N. Constantino, John A. Good e Julie Silcock. Essi esortano gli azionisti a votare per questi candidati utilizzando la scheda di delega VERDE.
NexPoint critica l'attuale Consiglio per aver privato gli azionisti dei loro diritti, per aver protetto dirigenti che hanno frodato gli azionisti, per l'uso improprio dei fondi, per la riduzione del valore delle azioni e per il rifiuto della trasparenza. I candidati mirano a ripristinare un'adeguata supervisione e a difendere gli interessi degli azionisti. Anche se la data dell'Assemblea Annuale non è ancora fissata, gli azionisti possono votare immediatamente utilizzando i materiali forniti.
NexPoint Real Estate Opportunities ha enviado materiales de poder a los accionistas de United Development Funding IV (UDF IV) para la Junta Anual de 2024. NexPoint, que se dice ser el mayor accionista de UDF IV, ha nominado a cuatro personas para la Junta de Fideicomisarios: Paul S. Broaddus, Edward N. Constantino, John A. Good y Julie Silcock. Ellos instan a los accionistas a votar por estos nominados usando la tarjeta de poder VERDE.
NexPoint critica a la Junta actual por despojar a los accionistas de sus derechos, por proteger a ejecutivos que defraudaron a los accionistas, por el mal uso de los fondos, por erosionar el valor de las acciones y por resistir la transparencia. Los nominados buscan restaurar una supervisión adecuada y abogar por los intereses de los accionistas. Aunque la fecha de la Junta Anual no está establecida, los accionistas pueden votar de inmediato utilizando los materiales proporcionados.
NexPoint Real Estate Opportunities는 United Development Funding IV (UDF IV) 주주들에게 2024년 연례 회의 관련 위임장 자료를 발송했습니다. NexPoint는 UDF IV의 최대 주주라고 주장하며, Paul S. Broaddus, Edward N. Constantino, John A. Good, Julie Silcock의 네 명을 이사회 후보로 지명했습니다. 그들은 주주들에게 GREEN 위임장 카드를 사용하여 이 후보자들에게 투표할 것을 촉구하고 있습니다.
NexPoint는 현재 이사회가 주주들의 권리를 박탈하고, 주주를 속인 경영진을 보호하며, 자금을 오용하고, 주식 가치를 훼손하며, 투명성을 저항한다고 비판합니다. 후보자들은 적절한 감독을 복원하고 주주의 이익을 옹호할 것을 목표로 하고 있습니다. 연례 회의 날짜는 아직 정해지지 않았지만, 주주들은 제공된 자료를 사용하여 즉시 투표할 수 있습니다.
NexPoint Real Estate Opportunities a envoyé des documents de procuration aux actionnaires de United Development Funding IV (UDF IV) pour la réunion annuelle de 2024. NexPoint, se présentant comme le plus grand actionnaire d'UDF IV, a nommé quatre personnes au Conseil des Fiduciaires : Paul S. Broaddus, Edward N. Constantino, John A. Good et Julie Silcock. Ils exhortent les actionnaires à voter pour ces candidats en utilisant la carte de procuration VERTE.
NexPoint critique le Conseil actuel pour avoir privé les actionnaires de leurs droits, protégé des dirigeants qui ont fraudé les actionnaires, mal utilisé des fonds, érodé la valeur des actions et résisté à la transparence. Les candidats visent à rétablir une surveillance adéquate et à défendre les intérêts des actionnaires. Bien que la date de la réunion annuelle ne soit pas encore fixée, les actionnaires peuvent voter immédiatement en utilisant les documents fournis.
NexPoint Real Estate Opportunities hat den Aktionären von United Development Funding IV (UDF IV) Unterlagen für die Jahreshauptversammlung 2024 zugesandt. NexPoint, das behauptet, der größte Aktionär von UDF IV zu sein, hat vier Personen für den Treuhänderrat nominiert: Paul S. Broaddus, Edward N. Constantino, John A. Good und Julie Silcock. Sie fordern die Aktionäre auf, mit der GRÜNEN Vollmacht für diese Kandidaten zu stimmen.
NexPoint kritisiert den aktuellen Vorstand, weil er den Aktionären das Stimmrecht entzieht, Führungskräfte schützt, die die Aktionäre betrogen haben, Mittel missbraucht, den Aktienwert verringert und gegen Transparenz ist. Die Nominierten streben an, eine angemessene Aufsicht wiederherzustellen und die Interessen der Aktionäre zu vertreten. Obwohl das Datum der Jahreshauptversammlung noch nicht festgelegt ist, können die Aktionäre sofort mit den bereitgestellten Materialien abstimmen.
- NexPoint, as the largest shareholder, is actively engaging in corporate governance
- Nominated trustees have decades of REIT and asset management experience
- Effort to improve transparency and accountability at UDF IV
- Current Board accused of disenfranchising shareholders and protecting fraudulent executives
- Alleged misuse of shareholder funds and erosion of UDF IV share value
- Lack of transparency and accountability in current management
NexPoint Delivers Shareholder Letter, FAQs, and Proxy Materials Urging Shareholders to Vote Today FOR Paul S. Broaddus, Edward N. Constantino, John A. Good and Julie Silcock Using the GREEN Proxy Card
In the proxy materials, NexPoint urges shareholders to exercise their voting rights and vote FOR Paul S. Broaddus, Edward N. Constantino, John A. Good, and Julie Silcock using the GREEN proxy card.
Along with the proxy materials, NexPoint sent UDF IV shareholders a letter with answers to frequently asked questions that highlights the urgent need for change at the Company and provides important information about the election and voting process.
These materials, along with other shareholder information and resources, are available at www.udfaccountability.com or directly via the following links:
- Shareholder Letter - Notice of Proxy Statement for Shareholders of United Development Funding IV
- Proxy Statement - Proxy Statement of NexPoint Real Estate Opportunities, LLC in Opposition to the Board of Trustees of United Development Funding IV
- FAQs - Answers to Frequently Asked Questions FAQs for UDF IV 2024 Annual Meeting & Trustee Election
These communications outline how the Company's current Board has disenfranchised shareholders, defended and protected former executives who defrauded shareholders, misused shareholder funds, eroded the value of UDF IV shares, actively resisted efforts to restore transparency and accountability at the Company, and grossly misstated the acts and intentions of NexPoint in its fight for UDF IV shareholders. The incumbent Trustees must be replaced, and shareholders can now cast their vote to enact such change. With decades of REIT and asset management experience and a strong track record in corporate governance, NexPoint's nominees will restore transparency and accountability at UDF IV and act in the interest of shareholders to provide a path forward for the Company.
While the Company has not announced an Annual Meeting date, shareholders can vote TODAY using these 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 www.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") has delivered 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. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE NEXPOINT PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) IN ITS ENTIRETY, AS IT CONTAINS IMPORTANT INFORMATION ABOUT THE PROXY SOLICITATION. Copies of the documents are 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.
CONTACTS
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
View original content to download multimedia:https://www.prnewswire.com/news-releases/nexpoint-sends-proxy-materials-to-united-development-funding-iv-udf-iv-shareholders-enabling-shareholders-to-vote-to-replace-trustees-at-2024-annual-meeting-302204787.html
SOURCE NexPoint Advisors, L.P.
FAQ
Who are the nominees proposed by NexPoint for UDF IV's Board of Trustees?
What color proxy card should UDF IV shareholders use to vote for NexPoint's nominees?
What are the main criticisms NexPoint has against UDF IV's current Board?
Where can UDF IV shareholders find more information about NexPoint's proxy materials?
