Following Years of Governance Failures, Court Orders UDF IV to Hold Trustees Election in 2024
NexPoint to Nominate Four Highly Qualified and Independent Trustees DALLAS, April 22, 2024 /PRNewswire/ — NexPoint Real Estate Opportunities, LLC (“NexPoint”) today announced its intent to nominate a slate of four independent trustees for election to the Board of Trustees of United Development Funding IV (“UDF IV” or the “Company”), a real estate investment trust in which NexPoint […]
NexPoint Comments on United Development Funding (UDF IV) Bylaw Change and Litigation
Will Continue to Push for Fair Election for UDF IV Board of Trustees and Other Shareholder Rights; Encourages Shareholders to Contact NexPoint to Help Rectify Continuing Injustices at UDF IV DALLAS, Feb. 8, 2024 /PRNewswire/ — NexPoint Advisors, L.P., (together with its affiliates “NexPoint”), a Dallas-based alternative investment firm, today commented on recent corporate bylaw amendments enacted by United […]
NexPoint Advisors Files Amended Petition Against United Development Funding IV (UDF IV) Advisor and Affiliates
Amendment Adds Board Members Lawrence S. Jones, James Kenney, Philip K. Marshall, J. Heath Malone, and Steven J. Finkle as Defendants DALLAS, March 21, 2023 /PRNewswire/ — NexPoint Advisors, L.P., (together with its affiliates “NexPoint”), a Dallas-based alternative investment firm, today announced that it has filed a first amended petition against the external investment adviser of United Development Funding IV (“UDF IV”), a real […]
NexPoint Withdraws Offer to Purchase Shares of United Development Funding IV (UDF IV)
DALLAS, Sept. 23, 2022 /PRNewswire/ — NexPoint Advisors, L.P., investment adviser to the NexPoint Diversified Real Estate Trust (“NXDT” and together with affiliated entities “NexPoint”), has withdrawn its offer to purchase Shares of Beneficial Interest (the “Shares”) of United Development Funding IV (“UDFI” or the “Company”). The offer, which NexPoint announced on December 14, 2020, was intended to […]
United Development Funding IV (UDF IV) Advisor and Affiliates Continue to Harm Shareholders, According to NexPoint
United Development Funding IV (UDF IV) Advisor and Affiliates Continue to Harm Shareholders, According to NexPoint Hollis M. Greenlaw, Todd F. Etter, Ben L. Wissink, and Cara D. Obert improperly used shareholder assets to pay more than $65 million in legal fees and indemnification expenses NexPoint files motion to enjoin defendants from requesting […]
NexPoint Files Complaint to Hold UDF IV Advisors and Affiliates Accountable
Dallas, TX – August 17, 2022 – NexPoint Advisors, L.P., (together with its affiliates “NexPoint”), a Dallas-based alternative investment firm, today announced that it has filed a new complaint in Dallas District Court related to United Development Funding IV (“UDF IV”), a real estate investment trust in which NexPoint is a significant shareholder. The complaint names […]
NexPoint Sends Letter to United Development Funding IV (UDFI) Board of Trustees, Renewing Request for Board Engagement
NexPoint Seeks to Engage with UDFI Board to Maximize Shareholder Value DALLAS – May 27, 2022 – NexPoint Advisors, L.P., investment adviser to the NexPoint Diversified Real Estate Trust (“NXDT” and together with affiliated entities “NexPoint”), announced today that it submitted a letter to the Board of Trustees (the “Board”) of United Development Funding IV […]
NexPoint Extends Offer to Purchase Up to All Shares of United Development Funding IV (UDFI)
DALLAS, January 27, 2022 — NexPoint Advisors, L.P., investment adviser to the NexPoint Diversified Real Estate Trust (together “NexPoint”), today announced the extension of the offering period for its previously announced offer to purchase any and all Shares of Beneficial Interest (the “Shares”) of United Development Funding IV (“UDFI” or the “Company”) at a price […]
NexPoint Seeks Additional Oversight at United Development Funding IV (UDFI) After Conviction of UDFI Officers
DALLAS, January 25, 2022 — NexPoint Advisors, L.P., investment adviser to the NexPoint Diversified Real Estate Trust and other traded and non-traded funds (together “NexPoint”), today provided an update on United Development Funding IV (“UDFI” or the “Company”) after four UDFI officers were convicted of fraud by a federal jury on January 21, 2022. The […]
NexPoint Extends Offer to Purchase Up to All Shares of United Development Funding IV (UDFI)
DALLAS, December 28, 2021 — NexPoint Advisors, L.P., investment adviser to the NexPoint Diversified Real Estate Trust (together “NexPoint”), today announced the extension of the offering period for its previously announced offer to purchase any and all Shares of Beneficial Interest (the “Shares”) of United Development Funding IV (“UDFI” or the “Company”) at a price […]
