United Development Funding IV fka UDFI

[Jh5142]

Thanks for sharing. That is interesting to hear of that term tied to the shareholder lawsuit.

It seems odd that UDF IV would be paying out fees for settlement when the fund was externally managed. It was completely controlled by UMTH (Greenlaw’s company).

It seems to me that the external manager should be on the hook for payments, rather than the fund itself.

At any rate, it does suggest there is some level of cash flow expected over the 2017-2019 timeframe. Another indication that there is portfolio value remaining at some level.