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

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

January 27, 2025 in UDF V News

United Development Funding Income Fund V Announces Distributions for Q1 2025

IRVING, Texas, Jan. 27, 2024 (GLOBE NEWSWIRE) --United Development Funding Income Fund V (“UDF V”) announced today that on January 23, 2025, its board of trustees authorized a cash distribution of $2.37 per share payable on February 28, 2025, to shareholders of record at the close of business on February…

December 11, 2024 in All News, UDF IV News

UDF IV Adjourns 2024 Annual Meeting of Stockholders Due to Lack of Quorum

Preliminary Vote Count Indicates that Shareholders Who Submitted Votes Overwhelmingly Support Re-election of UDF IV Trustees Steven J. Finkle, Lawrence S. Jones, J. Heath Malone and Phillip K. Marshall Will Continue to Serve on the Board of Trustees IRVING, Texas, Dec. 11, 2024 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”…

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