NexPoint Sends Letter to United Development Funding IV Shareholders
Portfolio Pulse from Benzinga Newsdesk
NexPoint Real Estate Opportunities, LLC is urging shareholders of United Development Funding IV (UDF IV) to vote for new trustees to restore accountability and transparency following criminal convictions of former management. NexPoint plans to nominate four independent trustees to replace the current board members, who have been accused of violating fiduciary duties and entrenching themselves at the expense of shareholders.

June 13, 2024 | 12:41 pm
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NexPoint Real Estate Opportunities, LLC is pushing for significant changes in the governance of UDF IV by nominating four independent trustees to replace the current board members. This move aims to restore accountability and transparency following criminal convictions of former UDF IV management.
NexPoint's active involvement in nominating new trustees and pushing for governance changes at UDF IV is likely to be seen positively by investors, potentially boosting NXDT's stock price in the short term.
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IMPORTANCE 70
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