NexPoint Raises Concerns About UDF IV Board Allowing Millions in Management Fees to Enrich Former UDF Executives Imprisoned for Fraud
GCM Grosvenor Inc. - Class A (GCMG)
Company Research
Source: PR Newswire
Current Trustees Continue to Protect the Interests of the Board, UDF Management, and the Largest Borrower at Shareholders' ExpenseShareholders Should Not Be Misled by UDF IV's Ongoing Attempts to Deflect from the Board's Egregious ActionsDALLAS, Nov. 6, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") today provided an update on United Development Funding IV ("UDF IV" or the "Company"). NexPoint notes that UDF IV's current Board of Trustees continues to deflect attention from the Board's egregious actions and the Company's underperformance by pushing false and misleading narratives about NexPoint. Shareholders should instead focus on the ongoing conduct of this Board and recognize the need for wholesale change; otherwise, questionable actions by UDF IV management, the Board, and the Company's largest borrower, Mehrdad Moayedi, are unlikely to be investigated and remedied.NexPoint nominated four highly regarded real estate and finan
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GCMG
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GCMG
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- 11/8/24 - Form 10-Q
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