Support the Board and Management Team that Are Taking Action to Build on the Trust’s Track Record of Delivering Enhanced Shareholder Returns
Despite our work to protect your investment, NexPoint Real Estate Opportunities, LLC, an indirect subsidiary of NexPoint Diversified Real Estate Trust (NXDT), and its affiliates (collectively, “NexPoint”) continue to pursue a self-interested campaign at the expense of all UDF IV shareholders.
NexPoint has submitted nominations for a controlling slate of dissident trustees for election at the 2024 Annual Meeting of Shareholders later this year. This is simply the latest step in NexPoint’s ongoing, self-interested campaign, which we believe is aimed at extracting the value of the Trust’s portfolio for its own benefit and to the detriment of all other shareholders. Their recent proxy materials confirmed our suspicions, as they do not present a single viable plan that we believe would enhance value.
Shareholders have the opportunity to continue UDF IV’s work to protect and enhance shareholder value by reelecting the four independent Trustees- Steven J. Finkle, Lawrence S. Jones, J. Heath Malone and Phillip K. Marshall– who oversee our efforts to protect the value of your investment. We urge you to vote “FOR” ONLY the four nominees proposed by the Board of Trustees on the WHITE proxy card included in the enclosed UDF IV proxy materials.
We have not set a record date or a time and date for the Annual Meeting. After we establish a record date for the Annual Meeting and a time and date for the Annual Meeting, we will notify our shareholders as of the close of business on the record date.
Over the next several months, you will likely continue to receive materials from NexPoint with fictitious claims regarding the Trust as well as our Board and management team. We expect that NexPoint will continue to twist the facts and rehash old events in an attempt to fearmonger and deceive you into supporting their misguided and malicious campaign. Please discard any green or other color proxy card sent to you by NexPoint as it may not include the accurate and complete information to which shareholders are entitled.