United Development Funding IV fka UDFI

[Phaedrus77]

Are you sure that's correct?

From the last proxy filed with the SEC (I assume this year's proxy is similar):

"Abstentions and broker non-votes will be counted to determine whether a quorum is present. A broker non-vote occurs when a broker, bank or other nominee holding shares for a beneficial owner does not vote on a particular proposal because the nominee does not have discretionary voting power with respect to that matter and has not received voting instructions from the beneficial owner."

I read that to mean that if you hold your shares at a broker, and don't fill out the proxy, the shares will still be counted for quorum purposes.

Given the lack of insider & institutional ownership, I'd be shocked if they could get 50% of shareholders to actually vote.