Vote for NexPoint Nominees to Protect Shareholders' Interests and Maximize Value

DALLAS, Nov. 21, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") announced today that it has sent a mailing to fellow shareholders of United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust, ahead of the Company's upcoming Annual Meeting of Shareholders.

• Shareholders can review the full mailing here.

UDF IV continues to provide a misleading account of the actions of UDF IV's current Trustees that ignores their role in extensive misdeeds that have damaged shareholders. At the same time, UDF IV continues to mischaracterize NexPoint and its nominees.

The UDF IV Board's egregious actions speak for themselves. The mailing considers how some of the current Trustees' actions to date have impacted shareholders.

For example, the current Board:

• Allowed UDF IV to go eight years without an annual meeting;

• Changed the Company bylaws to avoid standing for reelection;

• Allowed UDF IV to go eight years without issuing any financial statements;

• Actively fought NexPoint's efforts to force an annual meeting, election of all independent trustees, and any level of financial transparency;

• Approved use of shareholder funds to pay former executives' SEC-ordered disgorgement;

• Approved use of shareholder funds to pay for former executives' criminal defense;

• Has taken no action against the Company's advisor for defrauding UDF IV shareholders, which continues to enrich former executives while they serve prison sentences;

• Permitted UDF IV's loan portfolio to become dangerously concentrated around a single borrower, representing 98% of the Company's unaffiliated debt; and

• Inexplicably, and without any justification, allowed over $100 million in loans to be extended, permitting the advisor to drain tens of millions of dollars in management fees for years to come.

Shareholders finally have the chance to replace the current Trustees by voting FOR NexPoint's nominees. Voting information can be found here.

Shareholders are encouraged to vote FOR NexPoint's nominees TODAY using NexPoint's GREEN 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 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 [email protected].