Support NexPoint’s nominees to safeguard shareholder interests and maximize returns.

DALLAS, Nov. 21, 2024 — NexPoint Real Estate Opportunities, LLC (and its affiliates, “NexPoint”) today announced a communication to fellow shareholders of United Development Funding IV (“UDF IV” or the “Company”), a real estate investment trust, prior to the Company’s upcoming Annual Meeting of Shareholders.

• Shareholders may access the complete mailing.

UDF IV continues to present a misleading portrayal of the current Trustees’ actions, disregarding their involvement in significant misconduct that has harmed shareholders. Simultaneously, UDF IV misrepresents NexPoint and its nominees.

The facts speak for themselves. The communication details how actions by some current Trustees have affected shareholders.

For instance, the current Board:

• Allowed UDF IV to operate for eight years without an annual meeting;
• Amended the Company bylaws to avoid facing reelection;
• Allowed UDF IV to operate for eight years without releasing financial statements;
• Actively opposed NexPoint’s efforts to mandate an annual meeting, election of all independent trustees, and any level of financial transparency;
• Approved the use of shareholder funds to cover former executives’ SEC-mandated disgorgement;
• Approved the use of shareholder funds to pay for former executives’ criminal defense;
• Took no action against the Company’s advisor for defrauding UDF IV shareholders, which continues to benefit former executives while they serve prison sentences;
• Permitted UDF IV’s loan portfolio to become excessively concentrated around a single borrower, accounting for 98% of the Company’s unaffiliated debt; and
• Unjustifiably allowed over $100 million in loans to be extended, enabling the advisor to collect tens of millions of dollars in management fees for years to come.

Shareholders now have the opportunity to replace the current Trustees by voting FOR NexPoint’s nominees. Voting details are available.

Shareholders are urged to vote FOR NexPoint’s nominees TODAY using NexPoint’s GREEN proxy materials to implement necessary changes and elect Trustees who will act in the best interests of all shareholders to maximize value at UDF IV.

NexPoint encourages shareholders to visit and complete the contact form for ongoing updates about the Company and the upcoming Annual Meeting.

Shareholders may also contact NexPoint via email at .

About NexPoint

NexPoint Real Estate Opportunities, LLC is a wholly owned subsidiary of NexPoint Diversified Real Estate Trust, Inc. (NYSE: NXDT), an affiliate of NexPoint Advisors, L.P. 

NexPoint Advisors, L.P. is an SEC-registered advisor for the NexPoint alternative investment platform. It acts as the advisor to a range of funds and investment vehicles, including a closed-end fund, interval fund, business development company, and various real estate vehicles. For more information visit

IMPORTANT INFORMATION

NexPoint Real Estate Opportunities, LLC (“NexPoint”) plans to submit a proxy statement concerning its solicitation of proxies for nominees to serve on the United Development Funding IV (“UDF IV”) Board of Trustees at the UDF IV Annual Meeting of Shareholders. The date of the Annual Meeting is not yet determined, and NexPoint is not currently soliciting proxies.  INVESTORS AND SECURITY HOLDERS ARE ADVISED TO CAREFULLY REVIEW THE NEXPOINT PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS) IN ITS ENTIRETY UPON AVAILABILITY, AS IT WILL CONTAIN ESSENTIAL INFORMATION ABOUT ANY SOLICITATION. Copies of the documents will be available free of charge from NexPoint at .

NexPoint, its affiliates, their directors and executive officers, and other members of management and employees may be participants (collectively “Participants”) in NexPoint’s proxy solicitation. Information about NexPoint’s nominees to the UDF IV Board of Trustees and information regarding the direct or indirect interests in UDF IV, by security holdings or otherwise, of NexPoint, the other Participants and NexPoint’s nominees will be included in the proxy statement.  NexPoint’s disclosure of any security holdings will be based on information provided to NexPoint by such Participants and nominees. UDF IV is no longer subject to the reporting requirements of the Securities Exchange Act of 1934, as amended. Therefore, NexPoint’s knowledge of significant security holders of UDF IV and regarding UDF IV itself is limited.

CONTACT INFORMATION

Voting Assistance
Email:
Phone: (212) 297-0720

General Inquiries
Email:

Media Relations
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Investor Relations
Email:

SOURCE NexPoint Advisors, L.P.