NexPoint Comments on Proposed Acquisition of UDF IV by Ready Capital
NexPoint Diversified Real Estate Trust (NXDT)
Company Research
Source: PR Newswire
Proposed Transaction Demonstrates NexPoint's Ongoing Impact at UDF IVIf Elected, NexPoint Nominees Would Review and Pursue Transaction to Maximize Shareholder ValueDALLAS, Dec. 3, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") today commented on the proposed transaction between United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust, and Ready Capital Corporation ("Ready Capital"), a multi-strategy real estate finance company:"NexPoint is pleased that our multi-year advocacy and litigation continues to benefit UDF IV shareholders by bringing forward a potential transaction that could deliver much-needed liquidity. While we evaluate this proposal further, shareholders should note upfront that the potential $5.89 per share capped value offered under the acquisition is significantly below the $9.47 per share book value that UDF IV provided in its latest financials. Over 40% of that potential value i
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News
- NexPoint Comments on Cancellation of United Development Funding IV (UDF IV) 2024 Annual MeetingPR Newswire
- NexPoint Comments on United Development Funding IV (UDF IV) Annual MeetingPR Newswire
- Independent Proxy Advisory Firm Egan-Jones Supports ALL NexPoint Nominees for UDF IV Annual MeetingPR Newswire
- NexPoint to Hold Video Call for UDF IV Shareholders on Friday, December 6 to Provide Updates on Transaction with Ready Capital and Upcoming Board Election and Annual MeetingPR Newswire
- Shareholder Alert: Ademi LLP investigates whether NexPoint Diversified Real Estate Trust is Overpaying for its Affiliate NexPoint Hospitality TrustBusiness Wire
NXDT
Sec Filings
- 11/25/24 - Form 425
- 11/25/24 - Form 8-K
- 11/14/24 - Form 8-K
- NXDT's page on the SEC website