Replies to post #341 on United Development Funding IV fka UDFI

[Enterprising Investor]

CAO David A. Hanson has left (9/04/18)

Effective September 4, 2018, David A. Hanson voluntarily resigned as Chief Accounting Officer of United Development Funding IV (the “Trust”). His resignation was not a result of any disagreement with the Board of Trustees or the Trust on any matter relating to the Trust’s operations, policies or practices.

https://www.sec.gov/Archives/edgar/data/1440292/000114420418048890/tv502664_8k.htm

I forgot to post on Monday.

[Phaedrus77]

Insurance covered some of the settlement, and I’m unclear on if the $10 million was all IV or if some was for other UDF funds as well. Either way, it’s deminimis in the whole scheme of things.

The big question is how much principal (if any) they lost when they had to sell loans to generate liquidity.