You may have recently received a letter and proxy voting materials from NexPoint Real Estate Opportunities, LLC and its affiliates (collectively, “NexPoint”) regarding its dissident trustee nominations at the 2024 Annual Meeting of Shareholders to be held later this year.

United Development Funding IV (“UDF IV” or the “Trust”) audited financial statements for the year ended December 31, 2023, along with a letter discussing our fiscal year 2023 results.