NexPoint Delivers Shareholder Letter, FAQs,
and Proxy Materials Urging Shareholders to Vote Today FOR
Paul S. Broaddus, Edward N. Constantino, John A. Good and Julie Silcock Using the GREEN
Proxy Card
DALLAS, July 24,
2024 /PRNewswire/ -- NexPoint Real Estate
Opportunities, LLC (together with its affiliates "NexPoint') today
announced that it has sent proxy materials to fellow shareholders
of United Development Funding IV ("UDF IV" or the "Company") for
the 2024 Annual Meeting of Shareholders. NexPoint, which believes
it is the largest shareholder of UDF IV, has nominated four
individuals to the UDF IV Board of Trustees who will restore proper
oversight at the Company and advocate for shareholders'
interests.
In the proxy materials, NexPoint urges shareholders to
exercise their voting rights and vote FOR Paul S. Broaddus, Edward
N. Constantino, John A. Good,
and Julie Silcock using the GREEN
proxy card.
Along with the proxy materials, NexPoint sent UDF IV
shareholders a letter with answers to frequently asked
questions that highlights the urgent need for change at the
Company and provides important information about the election and
voting process.
These materials, along with other shareholder information and
resources, are available at
www.udfaccountability.com or directly via the
following links:
- Shareholder Letter - Notice of Proxy Statement for
Shareholders of United Development Funding IV
- Proxy Statement - Proxy Statement of NexPoint Real
Estate Opportunities, LLC in Opposition to the Board of Trustees of
United Development Funding IV
- FAQs - Answers to Frequently Asked Questions FAQs
for UDF IV 2024 Annual Meeting & Trustee Election
These communications outline how the Company's current Board has
disenfranchised shareholders, defended and protected former
executives who defrauded shareholders, misused shareholder funds,
eroded the value of UDF IV shares, actively resisted efforts to
restore transparency and accountability at the Company, and grossly
misstated the acts and intentions of NexPoint in its fight for UDF
IV shareholders. The incumbent Trustees must be replaced, and
shareholders can now cast their vote to enact such change. With
decades of REIT and asset management experience and a strong track
record in corporate governance, NexPoint's nominees will restore
transparency and accountability at UDF IV and act in the interest
of shareholders to provide a path forward for the Company.
While the Company has not announced an Annual Meeting date,
shareholders can vote TODAY using these proxy materials to enact
long overdue change and elect Trustees who will work for all
shareholders to maximize value at UDF IV.
NexPoint encourages shareholders to visit
www.udfaccountability.com and complete the contact form to
receive ongoing updates about the Company and the upcoming Annual
Meeting.
Shareholders can also contact NexPoint via email at
udfinvestors@nexpoint.com.
About NexPoint
NexPoint Real Estate Opportunities, LLC is a wholly owned
subsidiary of NexPoint Diversified Real Estate Trust, Inc.
(NYSE: NXDT), an affiliate of NexPoint Advisors, L.P.
NexPoint Advisors, L.P. is an SEC-registered adviser on the
NexPoint alternative investment platform. It serves as the adviser
to a suite of funds and investment vehicles, including a closed-end
fund, interval fund, business development company, and various real
estate vehicles. For more information
visit www.nexpoint.com.
IMPORTANT INFORMATION
NexPoint Real Estate Opportunities, LLC ("NexPoint") has
delivered a proxy statement with respect to its solicitation of
proxies for nominees to be elected to the United Development
Funding IV ("UDF IV") Board of Trustees at the Annual Meeting of
Shareholders of UDF IV. The date for the Annual Meeting has not yet
been set. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE
NEXPOINT PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS
THERETO) IN ITS ENTIRETY, AS IT CONTAINS IMPORTANT INFORMATION
ABOUT THE PROXY SOLICITATION. Copies of the documents are available
free of charge from NexPoint by accessing the
website www.udfaccountability.com.
NexPoint, its affiliates, their directors and executive officers
and other members of management and employees may be participants
(collectively "Participants") in the solicitation of proxies by
NexPoint. Information about NexPoint's nominees to the UDF IV Board
of Trustees and information regarding the direct or indirect
interests in UDF IV, by security holdings or otherwise, of
NexPoint, the other Participants and NexPoint's nominees will be
available in the proxy statement. NexPoint's disclosure of any
security holdings will be based on information made available to
NexPoint by such Participants and nominees. UDF IV is no longer
subject to the reporting requirements of the Securities Exchange
Act of 1934, as amended. Consequently, NexPoint's knowledge of
significant security holders of UDF IV and as to UDF IV itself is
limited.
CONTACTS
UDF IV Investor Contacts
Chuck
Garske / Jeremy Provost / Theo Caminiti (Okapi
Partners):
Email: info@okapipartners.com
Phone: (212) 297-0720
For Additional Information/Updates on UDF
IV
Website: www.udfaccountability.com
Email: udfinvestors@nexpoint.com
Media Contacts
Lucy
Bannon (NexPoint): lbannon@nexpoint.com
Paul Caminiti/Pamela
Greene (Reevemark): nexpointteam@reevemark.com
NexPoint Investor Relations
Kristen
Thomas: ir@nexpoint.com
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SOURCE NexPoint Advisors, L.P.