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Stock impact report

NexPoint Nominates Four Independent Trustees to United Development Funding (UDF IV) Board of Trustees

NexPoint Diversified Real Estate Trust (NXDT) 
Company Research Source: PR Newswire
DALLAS, June 20, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint"), a major shareholder of United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust ("REIT"), today announced its nomination of four highly qualified, independent candidates for election to the UDF IV Board of Trustees at the Company's upcoming Annual Meeting of Shareholders.Following years of holding no UDF IV shareholder meetings prior to December 2023, or elections of independent trustees, the Circuit Court for Baltimore City, Maryland has ordered UDF IV to conduct an election for four independent Trustees at an Annual Meeting that must be held on or before December 31, 2024.NexPoint has delivered to UDF IV its nomination of the following four highly qualified and independent trustee candidates:Paul S. Broaddus – Mr. Broaddus is a seasoned entrepreneur in commercial real estate across Texas, operating a $200 million portfolio as the M Show less Read more
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