Independent Investigation of United Development Funding IV Finds No Evidence of Fraud Investigation conducted by Thompson & Knight LLP and forensic accountants from a global accounting firm GRAPEVINE, Texas, May 17, 2016 (GLOBE NEWSWIRE) — An independent in-depth investigation of United Development Funding IV (“UDF IV” or the “Trust”) (NASDAQ:UDF)…
GRAPEVINE, Texas, March 21, 2016 (GLOBE NEWSWIRE) — United Development Funding IV (“UDF IV” or the “Trust”) (NASDAQ:UDF) announced today that the Trust received a notification letter dated March 17, 2016 from the staff of the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ”) stating that the Trust is…
GRAPEVINE, Texas, Feb. 08, 2016 (GLOBE NEWSWIRE) — United Development Funding IV (“UDF IV” or the “Trust”) (NASDAQ:UDF) released the following statement from its Chief Executive Officer, Hollis M. Greenlaw, on its website www.udfiv.com: “On February 5, 2016, after launching a website containing multiple false and misleading statements about our company…
GRAPEVINE, Texas, Jan. 05, 2016 (GLOBE NEWSWIRE) — United Development Funding IV (“UDF IV”) (NASDAQ:UDF) announced today that its board of trustees has authorized a monthly distribution for January 2016 of $0.1367 per share payable on January 25, 2016 to shareholders of record at the close of business on January 15,…
GRAPEVINE, Texas, Dec. 14, 2015 (GLOBE NEWSWIRE) — On December 10, 2015, United Development Funding III, L.P. (“UDF III”) and United Development Funding IV (“UDF IV”, and together with UDF III, were attacked by a hedge fund or funds who posted misleading anonymous posts. Today, the Companies filed on Forms…
GRAPEVINE, Texas, Dec. 10, 2015 (GLOBE NEWSWIRE) — United Development Funding III and United Development Funding IV (the “Companies”) are aware that a hedge fund has created a significant short position in United Development Funding IV shares (NASDAQ:UDF). We believe that this hedge fund is trying to unlawfully profit by…
Third Quarter 2015 Highlights – as compared to the third quarter of 2014: Net interest income after provision for loan losses increased 9% to $18.1 million Net income increased 7% to $14.3 million Earnings per share increased 7% to $0.47 Net investments in notes receivable and loan participation interests increased 4%…
GRAPEVINE, Texas, Oct. 23, 2015 (GLOBE NEWSWIRE) — United Development Funding IV (“UDF IV” or the “Trust”) (Nasdaq:UDF) announced today that the Trust will release financial results for its third quarter ended September 30, 2015 on Thursday, November 5, 2015 before the market opens. The Trust will host a conference call that…
GRAPEVINE, Texas, Oct. 1, 2015 (GLOBE NEWSWIRE) — United Development Funding IV (“UDF IV”) (NASDAQ:UDF) announced today that its board of trustees has authorized monthly distributions of $0.1367 per share for the fourth quarter of 2015 payable on October 26, November 25 and December 28, 2015, to shareholders of record…
2015 Second Quarter Highlights and Comparisons to 2014 Second Quarter: Net interest income after provision for loan losses increased 6% to $17.8 million Net income increased 26% to $14.3 million Earnings per share increased 34% to $0.47 Net investments in loan participation interests and notes receivable increased 10% to $618.6…
