NexPoint Reminds UDF IV Shareholders That Actions Speak Louder Than Words and Urges Them to Vote for New Board Representatives

Vote for NexPoint Nominees to Protect Shareholders' Interests and Maximize Value

DALLAS, Nov. 21, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") announced today that it has sent a mailing to fellow shareholders of United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust, ahead of the Company's upcoming Annual Meeting of Shareholders.

• Shareholders can review the full mailing here.

UDF IV continues to provide a misleading account of the actions of UDF IV's current Trustees that ignores their role in extensive misdeeds that have damaged shareholders. At the same time, UDF IV continues to mischaracterize NexPoint and its nominees.

The UDF IV Board's egregious actions speak for themselves. The mailing considers how some of the current Trustees' actions to date have impacted shareholders.

For example, the current Board:

• Allowed UDF IV to go eight years without an annual meeting;
• Changed the Company bylaws to avoid standing for reelection;
• Allowed UDF IV to go eight years without issuing any financial statements;
• Actively fought NexPoint's efforts to force an annual meeting, election of all independent trustees, and any level of financial transparency;
• Approved use of shareholder funds to pay former executives' SEC-ordered disgorgement;
• Approved use ...

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