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Replies to post #487 on United Development Funding IV fka UDFI
02/20/19 7:55 AM
James D. Dondero is the President of NexPoint GP. NexPoint GP is the general partner of NexPoint. NexPoint serves as the investment advisor to the Strategic Fund and certain other funds (together with the Strategic Fund, the “Nexpoint Funds”). This Schedule 13G relates to the Common Shares of Beneficial Interest, $0.01 par value per share (the “Common Stock”), of United Development Funding IV, a Maryland real estate investment trust (the “Issuer”), held by (i) the NexPoint Funds and (ii) certain managed accounts ultimately advised by James D. Dondero (together with the NexPoint Funds, the “Funds”).
The Strategic Fund may be deemed the beneficial owner of 5.4% of the outstanding Common Stock. This percentage was determined by dividing 1,644,786, the number of shares of Common Stock held directly by the Strategic Fund, by 30,672,626, which is the number of shares of Common Stock outstanding as of November 4, 2015 according to the Issuer’s Quarterly Report on Form 10-Q filed with the Securities Exchange Commission on November 9, 2015.
NexPoint and NexPoint GP may be deemed the beneficial owner of 5.5% of the outstanding Common Stock. This percentage was determined by dividing 1,699,815, the number of shares of Common Stock held directly by the NexPoint Funds, by 30,672,626, which is the number of shares of Common Stock outstanding as of November 4, 2015 according to the Issuer’s Quarterly Report on Form 10-Q filed with the Securities Exchange Commission on November 9, 2015.
Mr. Dondero may be deemed the beneficial owner of 6.7% of the outstanding Common Stock. This percentage was determined by dividing 2,062,328, the number of shares of Common Stock held directly by the Funds, by 30,672,626, which is the number of shares of Common Stock outstanding as of November 4, 2015 according to the Issuer’s Quarterly Report on Form 10-Q filed with the Securities Exchange Commission on November 9, 2015.
