NexPoint Highlights How United Development Funding IV (UDF IV) Financial Statements Reveal Questionable Conduct and Value Erosion Under Board of Trustees
NexPoint Diversified Real Estate Trust (NXDT)
Company Research
Source: PR Newswire
Urges Shareholders to Vote for Board Change by Supporting NexPoint Nominees DALLAS, Sept. 16, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") announced today that it has sent a letter to fellow shareholders of United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust, ahead of the Company's upcoming Annual Meeting of Shareholders, which must be held on or before December 31, 2024.NexPoint's letter details how UDF IV's financial statements reveal questionable conduct by the Board of Trustees, leading to significant value erosion. The letter highlights UDF IV's skyrocketing impaired loans, questionable loan extensions, unhealthy loan concentration to one borrower, asset erosion from G&A expenses, and misleading statements. NexPoint urges shareholders to vote for change by supporting NexPoint nominees Paul S. Broaddus, Edward N. Constantino, John A. Good, and Julie Silcock.Shareholders can read the ful
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News
- NexPoint Diversified Real Estate Trust Announces Quarterly Distribution and $20 Million Share Repurchase ProgramPR Newswire
- NexPoint Diversified Real Estate Trust Announces Preferred Share DistributionPR Newswire
- NexPoint Petitions Maryland Court for Emergency Relief to Compel UDF IV to Provide Shareholder ListPR Newswire
- UDF IV Shareholders: View NexPoint's Webinar on Board of Trustees ElectionPR Newswire
- NexPoint Responds to United Development Funding IV's (UDF IV) Misleading ClaimsPR Newswire
NXDT
Sec Filings
- 11/14/24 - Form 8-K
- 11/8/24 - Form 10-Q
- 10/9/24 - Form 4
- NXDT's page on the SEC website