NexPoint Urges Change at UDF IV: Concerns About Current Board
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NexPoint Raises Concerns About United Development Funding IV
Encourages Shareholders to Support Change by Voting for NexPoint Nominees
NexPoint Real Estate Opportunities, LLC, together with its affiliates, has recently reached out to shareholders of United Development Funding IV (UDF IV), a real estate investment trust, highlighting serious issues regarding the Company’s current Board of Trustees. Ahead of the forthcoming Annual Meeting of Shareholders, NexPoint's communication emphasizes the importance of shareholder involvement in the election of Trustees.
Highlighting Red Flags in Current Board's Performance
NexPoint expressed its concerns in a detailed letter, urging shareholders to critically evaluate the numerous red flags associated with the existing Board. The communication cites a concerning track record involving allegations of fraud and instances where shareholder value has been significantly diminished during their tenure. This has prompted NexPoint to advocate for a change in leadership and to encourage the election of its nominees: Paul S. Broaddus, Edward N. Constantino, John A. Good, and Julie Silcock.
Immediate Action for Shareholders
Although the date for the Annual Meeting has yet to be confirmed, NexPoint encourages shareholders to take action promptly. They can utilize NexPoint's GREEN proxy materials to fulfill their voting rights and initiate meaningful changes at UDF IV, essential for maximizing shareholder value.
Staying Informed and Engaged
Shareholders are invited to keep up with the latest updates regarding UDF IV by visiting the information portal. Additionally, those wishing to stay connected can contact NexPoint through the provided email.
About NexPoint
NexPoint Real Estate Opportunities, LLC is a wholly owned entity under NexPoint Diversified Real Estate Trust, Inc. (NYSE: NXDT), affiliated with NexPoint Advisors, L.P. This SEC-registered adviser manages a diverse portfolio, including various investment vehicles and funds aimed at maximizing returns for investors.
Frequently Asked Questions
What are the main concerns raised by NexPoint about UDF IV?
NexPoint highlights serious issues regarding the performance and conduct of the current Board of Trustees, including allegations of fraud and value destruction.
Who does NexPoint urge shareholders to vote for?
NexPoint recommends shareholders support their nominees: Paul S. Broaddus, Edward N. Constantino, John A. Good, and Julie Silcock.
When will the Annual Meeting of UDF IV take place?
The date for the Annual Meeting of Shareholders has not yet been announced.
How can shareholders engage with NexPoint?
Shareholders can reach out to NexPoint via email to receive updates and information regarding their proposals.
What is the significance of NexPoint's proxy materials?
The proxy materials are essential for shareholders to vote and influence the election of the Board members who will prioritize shareholder value.
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