NexPoint Sends Proxy Materials to United Development Funding IV (UDF IV) Shareholders, Enabling Shareholders to Vote to Replace Trustees at 2024 Annual Meeting
NexPoint Delivers Shareholder Letter, FAQs, and Proxy Materials Urging Shareholders to Vote Today FOR
In the proxy materials, NexPoint urges shareholders to exercise their voting rights and vote FOR
Along with the proxy materials, NexPoint sent UDF IV shareholders a letter with answers to frequently asked questions that highlights the urgent need for change at the Company and provides important information about the election and voting process.
These materials, along with other shareholder information and resources, are available at www.udfaccountability.com or directly via the following links:
-
Shareholder Letter
- Notice of Proxy Statement for Shareholders of
United Development Funding IV -
Proxy Statement
- Proxy Statement of
NexPoint Real Estate Opportunities, LLC in Opposition to theBoard of Trustees ofUnited Development Funding IV - FAQs - Answers to Frequently Asked Questions FAQs for UDF IV 2024 Annual Meeting & Trustee Election
These communications outline how the Company's current Board has disenfranchised shareholders, defended and protected former executives who defrauded shareholders, misused shareholder funds, eroded the value of UDF IV shares, actively resisted efforts to restore transparency and accountability at the Company, and grossly misstated the acts and intentions of NexPoint in its fight for UDF IV shareholders. The incumbent Trustees must be replaced, and shareholders can now cast their vote to enact such change. With decades of REIT and asset management experience and a strong track record in corporate governance, NexPoint's nominees will restore transparency and accountability at UDF IV and act in the interest of shareholders to provide a path forward for the Company.
While the Company has not announced an Annual Meeting date, shareholders can vote TODAY using these proxy materials to enact long overdue change and elect Trustees who will work for all shareholders to maximize value at UDF IV.
NexPoint encourages shareholders to visit www.udfaccountability.com and complete the contact form to receive ongoing updates about the Company and the upcoming Annual Meeting.
Shareholders can also contact NexPoint via email at udfinvestors@nexpoint.com.
About NexPoint
IMPORTANT INFORMATION
NexPoint, its affiliates, their directors and executive officers and other members of management and employees may be participants (collectively "Participants") in the solicitation of proxies by NexPoint. Information about NexPoint's nominees to the UDF IV
CONTACTS
UDF IV Investor Contacts
Chuck Garske / Jeremy Provost / Theo Caminiti (
Email: info@okapipartners.com
Phone: (212) 297-0720
For Additional Information/Updates on UDF IV
Website: www.udfaccountability.com
Email: udfinvestors@nexpoint.com
Media Contacts
Lucy Bannon (NexPoint): lbannon@nexpoint.com
NexPoint Investor Relations
Kristen Thomas: ir@nexpoint.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/nexpoint-sends-proxy-materials-to-united-development-funding-iv-udf-iv-shareholders-enabling-shareholders-to-vote-to-replace-trustees-at-2024-annual-meeting-302204787.html
SOURCE