Addresses NexPoint’s Latest Attempts to Undermine the Trust at the Expense of UDF IV Shareholders
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IRVING, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) today issued a letter to shareholders in response to notice that NexPoint Real Estate Opportunities LLC and its affiliates (collectively, “NexPoint”) have submitted nominations for a controlling slate of dissident trustee nominees for election ahead of the Company’s 2024 Annual Meeting of Shareholders.