UDF IV News

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...

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...

UDF IV Shareholders Approve Merger with Ready Capital IRVING, Texas, March. 4, 2025 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) today announced that, based on the voting results certified by UDF IV’s inspector of elections, First Coast Results, Inc., UDF IV shareholders approved the previously...

Upcoming UDF IV Special Meeting on March 4, 2025 - VOTE on Merger with Ready Capital Dear Advisor, The following letter has been mailed to United Development Funding IV (“UDFIV”) shareholders who have not voted on the proposed merger with Ready Capital. We encourage you to talk with your UDF IV investors...

UDF IV shareholders may receive up to $5.89 per UDF share through a combination of: (i) pre-closing distributions of UDF IV’s own cash from its balance sheet, (ii) shares issued at closing by Ready Capital for UDF IV shares, and (iii) contingent value rights   Visit www.udfivreadycapmerger.com for Voting Instructions and...

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”...

UDF IV Board is Committed to Completing  Value-Creating Transaction with Ready Capital Election of NexPoint’s Trustee Candidates Could Pose Significant Risk to Shareholders’ Investment IRVING, Texas, Dec. 10, 2024 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) today issued the following statement to shareholders ahead of...

Voting “FOR” ONLY the Board’s Four Nominees on the WHITE proxy Card Will Help Ensure that Shareholders Realize the Significant Value Expected from UDF IV’s Transaction with Ready Capital Troubling Pattern of Value Destruction at NexPoint-Managed Funds Should Raise Concerns for Shareholders Visit UDFForshareholders.com for Voting Instructions and Other Information VIEW...

IRVING, Texas, Dec. 4, 2024 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”) announced today that on November 7, 2024, its board of trustees authorized a cash distribution of $0.065 per share, approximately $2 million in the aggregate, payable on December 31, 2024, to shareholders of record at the...

Ready Capital and United Development Funding IV Announce Definitive Agreement for Ready Capital to Acquire United Development Funding IV    Adds scale and extends Ready Capital’s core platform with UDF IV’s proven land development lending platform  Diversifies Ready Capital’s portfolio and offers land development solution to borrowers and investors  Expected...