UNITED DEVELOPMENT FUNDING

UDF IV – Ready Capital Merger

You Control the Future of Your Investment in UDF IV – Support the Ready Capital Merger to Enhance the Value of your Investment

Vote FOR the Merger Ahead of the March 4, 2025 Special Meeting of Shareholders

UDF IV 2024 NOTICE REGARDING REQUIRED PRE-REGISTRATION TO ATTEND AND VOTE AT THE SPECIAL MEETING ON MARCH 4, 2025

UDF IV MARCH 2025 SPECIAL MEETING RULES OF CONDUCT

Ready Capital to Acquire UDF IV – Maximizing Value for UDF IV Shareholders

UDF IV shareholders may receive up to $5.89 per UDF IV share through a combination of: (i) pre-closing distributions of UDF IV’s own cash from its balance sheet valued at up to $75 million, or $2.44 per share, (ii) shares issued at closing by Ready Capital for UDF IV shares valued at $94 million, or $3.07 per share, and (iii) contingent value rights with estimated future value of up to $12 million, or $0.38 per share.

PRESS RELEASE

SHAREHOLDER LETTER

INVESTOR PRESENTATION

PROXY COVER LETTER

PROXY STATEMENT

UDF IV SHAREHOLDERS

Visit UDFIVReadyCapMerger.com for additional information and to learn more about the Trust’s proposed merger and March 4, 2025 Special Meeting of Shareholders.

Latest News

March 14, 2025 in All News, UDF IV News

Ready Capital Corporation Announces Completion of Merger

NEW YORK, March 13, 2025 (GLOBENEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that it has completed the previously announced acquisition of United Development Funding IV (“UDF IV”) (the “Merger”) pursuant to the terms of the Agreement and Plan of Merger, dated as of…

March 13, 2025 in All News, UDF IV News

United Development Funding IV Announces Pre-Closing Cash Distribution Prior to Ready Capital Merger Closing

IRVING, Texas, March 13, 2025 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”) announced today that on March 4, 2025, its board of trustees authorized a cash distribution of $2.3785 per share payable on or around March 13, 2025, to shareholders of record at the close of business on…

All News

Litigation Updates

(AS OF 5/31/2022)

Hayman Litigation Updates

(as of 12/27/2021)

Bivens Action Unsealed

(as of 11/15/2021)

Rule 41(g) Motion for Return of Property

(As of 9/1/2021)

Edelman Litigation Updates

(as of 6/27/2021)

Hayman Litigation Email Discovery

Investment Funds

Learn more about our investment funds UDF III, UDF IV, and UDF V.

United Development Funding III, L.P. (“UDF III”) is a limited partnership. UDF III was formed primarily to generate current interest income by investing in secured loans and producing profits from investments in residential real estate.

United Development Funding IV (“UDF IV”) is a Maryland real estate investment trust. UDF IV was formed primarily to generate current interest income by investing in secured loans and producing profits from investments in residential real estate.

United Development Funding Income Fund V (“UDF IV”) is a Maryland real estate investment trust. UDF V was formed primarily to generate current interest income by investing in secured loans and producing profits from investments in residential real estate.

Investor Resources

Investor Login

To view your UDF Account, please click on the link below. If you have any questions on your account, please call UDF Investor Relations at 800-859-9338 or email InvestorRelations@umth.com.

Investor Documents

Download investor forms, access governance documents and account information.

Investors