United Development Funding IV fka UDFI

[freddie me]

*United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Hostile Tender Offer

https://www.streetinsider.com/Globe+Newswire/United+Development+Funding+IV+Recommends+Shareholders+Reject+Hedge+Fund+NexPoint%E2%80%99s+Hostile+Tender+Offer/17732525.html

"Shareholders who tender their Shares pursuant to the unsolicited tender offer may be deprived of the potential opportunity to realize the long-term value of their investment in the Trust, as well as restitution from Bass/Hayman."

"The Board believes that the tender offer price of $1.10 per share represents a substantial discount to the current value of the Trust. In fact, the Offeror acknowledges in its Offer to Purchase that the tender offer price may not be reasonable.

The Board has serious concerns that NexPoint/Dondero’s principal interests in taking over the Trust may be to protect the participants in the illegal short and distort fraud scheme perpetrated against the Trust."