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United Development Funding IV Reaffirms its Recommendation that Shareholders Reject Hedge Fund NexPoint’s Hostile Tender Offer; Announces Lower Ownership Limit and Adoption of Exclusive Forum Bylaw

By All News, UDF IV News
GRAPEVINE, Texas, Jan. 08, 2021 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) reaffirms its recommendation that Trust shareholders reject the unsolicited tender offer made by hedge fund NexPoint Strategic Opportunities Fund ("NexPoint") to purchase all Trust common shares for $1.10 per share. The Trust’s Board...
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United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Hostile Tender Offer

By All News, UDF IV News
Grapevine, Texas, December 17, 2020 (GLOBE NEWSWIRE) – United Development Funding IV (“UDF IV” or the “Trust”) announced that it recommends Trust shareholders reject the unsolicited tender offer made by hedge fund NexPoint Strategic Opportunities Fund (the “Offeror”) to purchase all Trust common shares (the “Shares”) for $1.10 per share...
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Appeals Court Remands UDF Lawsuit to Trial Court After Texas Supreme Court Denies Kyle Bass and Hayman Capital’s Petition

By UDF IV News
GRAPEVINE, Texas, April 27, 2020 (GLOBE NEWSWIRE) -- United Development Funding (“UDF,” as described below) announced today the Court of Appeals for the Fifth District of Texas at Dallas, (the “Appeals Court”) issued a mandate in the matter of United Development Funding, L.P., et. Al. versus J. Kyle Bass, et. al., affirming the decision by...
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Texas Supreme Court Denies Kyle Bass and Hayman Capital’s Petition; Upon Remand to Trial Court, UDF Lawsuit and Full Discovery Will Proceed

By UDF IV News
GRAPEVINE, Texas, March 16, 2020 (GLOBE NEWSWIRE) -- United Development Funding (“UDF,” as described below) announced today the Supreme Court of Texas (the “Supreme Court”) denied Kyle Bass ("Bass") and Hayman Capital's ("Hayman," as described below, and together with Bass, "Bass/Hayman") petition to review the matter of J. Kyle Bass,...
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