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On March 11, 2021, United Development Funding IV (UDF IV) authorized a cash distribution of $0.065 per share, payable on March 31, 2021, to shareholders of record by March 24, 2021. Similarly, United Development Funding Income Fund V (UDF V) announced a cash distribution of $0.254 per share, also payable on March 31, 2021, to shareholders of record by March 24, 2021. Both funds primarily focus on generating interest income through secured loans and profits from residential real estate investments.
United Development Funding IV (UDF IV) advises shareholders to reject NexPoint's tender offer of $1.10 per share, citing it as a significant discount to the Trust's value. The Board has raised concerns about the interests of NexPoint and its affiliates, suggesting a connection to fraudulent schemes involving J. Kyle Bass. Additionally, the Trust highlights ongoing legal issues surrounding Highland Capital, including a recent court ruling questioning the good faith of James Dondero, and a lack of disclosure regarding these matters in the Tender Offer materials.
