NexPoint Comments on United Development Funding IV (UDF IV) Annual Meeting
NexPoint Diversified Real Estate Trust (NXDT)
Company Research
Source: PR Newswire
Declines to Appear at Annual Meeting, Calls for Adjournment of Meeting Until UDF IV Provides Proper Disclosure on Recently Announced Merger with Ready CapitalDALLAS, Dec. 10, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") today announced it will not appear nor vote any proxies at the United Development Funding IV ("UDF IV" or the "Company") Annual Meeting of Shareholders ("Annual Meeting") being held today, December 10, 2024.NexPoint remains concerned about the Company's planned acquisition by Ready Capital (NYSE:RC), which UDF IV announced last week in an apparent attempt to influence today's vote at the Annual Meeting. Not only does the timing of the merger announcement – made just eight days before the Annual Meeting – raise questions about the Company's motives, but there are also critical disclosures omitted from the transaction communications, making it impossible for shareholders to properly evaluate the proposed transacti
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News
- NexPoint Comments on Cancellation of United Development Funding IV (UDF IV) 2024 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
- NexPoint Comments on Proposed Acquisition of UDF IV by Ready CapitalPR 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