Real Estate News

United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Fourth Extended Hostile Tender Offer; Provides Supplemental Information

GRAPEVINE, Texas, May 03, 2021 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) announced that it recommends Trust shareholders reject the fourth extended unsolicited tender offer made by hedge fund NexPoint Strategic Opportunities Fund (“NexPoint”) to purchase all Trust common shares (the “Shares”) for $1.10 per share (the “Tender Offer”).

Compare listings

Compare