NexPoint Highlights UDF IV Board's Evading Accountability Issues

NexPoint Addresses Critical Issues with UDF IV Board of Trustees

NexPoint Real Estate Opportunities, LLC has expressed serious concerns regarding the United Development Funding IV (UDF IV) Board of Trustees. The company has noted that the Board has been employing deflection tactics to evade responsibility for its actions and failures over the years. Shareholders are increasingly frustrated as the Board appears to avoid direct responses to pressing issues, which highlights the pressing need for a change in leadership.

A Pattern of Avoidance in Accountability

NexPoint delivered a pointed letter to fellow shareholders, shedding light on UDF IV's ongoing pattern of evasion. The organization's leadership has repeatedly shielded itself from accountability by shifting blame to external parties. This has been observed in past instances where the Board attributed the Company's issues to external influences, such as alleged misconduct by others. These claims were eventually disproven, revealing the Board's trend of misdirection in order to obscure its own shortcomings.

Key Questions Raised

As part of its efforts to promote transparency, NexPoint has raised critical questions that the current Trustees have yet to address. These include:

• Why was no meaningful action taken following the criminal convictions of former UDF executives?
• Why has the Board continued to benefit those executives through a lucrative advisory agreement, despite their imprisonments?
• What plans have the current Trustees proposed to maximize shareholder value and liquidity over recent years?

The lack of direct answers to these essential inquiries illustrates that UDF IV's leadership may be more focused on maintaining the status quo rather than implementing necessary changes.

The Importance of This Election

This election represents a critical juncture for UDF IV shareholders. With ongoing troubling trends evident in recent financial reports, shareholders are urged to take this opportunity to push for significant change. NexPoint's nominees aim to represent shareholders’ interests and rectify the historical mismanagement in the company. A vote in favor of these nominees could pave the way for a renewed focus on accountability and strategic improvement.

Voting Instructions

Shareholders are encouraged to vote today using the GREEN proxy card to help replace the current Trustees. By carefully reviewing the voting materials provided, shareholders can ensure that their votes are counted effectively, especially if they previously submitted a white proxy card that can be changed up to the last date recorded.

Contact Information for Assistance

For those requiring assistance with voting, NexPoint has provided resources for guidance. Those in need of further information can reach out via dedicated communication channels.

General Inquiries:
(212) 297-0720

Frequently Asked Questions

What are the main concerns raised by NexPoint regarding UDF IV?

NexPoint has highlighted accountability issues with the UDF IV Board, noting a pattern of deflection in addressing shareholder concerns.

Why is this election significant for UDF IV shareholders?

This election presents a unique opportunity for shareholders to instigate change in leadership and corporate strategy that could enhance value and accountability.

What questions has NexPoint posed to the current Board?

NexPoint’s key questions include the lack of action following criminal convictions of UDF executives and continued financial benefits to those executives.

How can shareholders participate in the voting process?

Shareholders can vote using the GREEN proxy card and can update their votes if they have submitted a different card previously.

Who can shareholders contact for more information about voting?

Shareholders can reach out to NexPoint’s support services for assistance with voting and to clarify any voting-related queries.

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