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NexPoint Provides Update on United Development Funding IV

Aug 13, 2020almost 5 years ago
Dallas

Description

 NexPoint Advisors, L.P. (together with its affiliates "NexPoint") issued an update today on its investment in United Development Funding IV (OTC PINK: UDFI) ("UDFI" or the "Trust").  The following provides background and other relevant information on NexPoint's involvement in UDFI to (1) address several inaccurate claims made by the Trust and (2) describe NexPoint's ongoing efforts to establish accountability for shareholders, including a books and records demand that NexPoint recently submitted to the Trust's Board of Trustees (the "UDFI Board").

Company Information

Company

Nex Point Advisors, L.P.

Location

Dallas, Georgia, United States

About

NexPoint Advisors, L.P. is an SEC-registered adviser on the NexPoint alternative investment platform. It serves as the adviser to a suite of funds and investment vehicles, including a closed-end fund, interval fund, business development company, and various real estate vehicles.