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NexPoint Provides Update On United Development Funding IV's Proposed Merger With Ready Capital; NexPoint Is Deferring Its Vote, Encourages Shareholders To Take No Action On Merger Vote, To Compel Board To Properly Review Any Competing Proposal

Benzinga·02/21/2025 14:02:10
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NexPoint is Deferring its Vote, Encourages Shareholders to Take No Action on Merger Vote

to Compel Board to Properly Review Any Competing Proposal

Calls for UDF IV Board to Postpone March 4 Special Meeting by 30 Days and Engage with

NexPoint to Ensure Best Outcome for Shareholders

DALLAS, Feb. 21, 2025 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") today provided an update on its intentions with respect to its investment in United Development Funding IV ("UDF IV" or "the Trust") ahead of the Special Meeting of UDF IV Shareholders (the "Meeting"), scheduled for March 4, 2025, to vote on the proposed merger of UDF IV with Ready Capital (NYSE:RC) (the "Ready Merger").