Real Estate News

United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Hostile Tender Offer

GRAPEVINE, Texas, Dec. 17, 2020 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) announced that it recommends Trust shareholders reject the unsolicited tender offer made by hedge fund NexPoint Strategic Opportunities Fund (the “Offeror”) to purchase all Trust common shares (the “Shares”) for $1.10 per share (the “Tender Offer”).

Compare listings

Compare