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UDF IV Microsite Legal Disclaimer

The material on this website contains forward-looking statements relating to, among other things, plans of United Development Funding IV (the “Trust” or “UDF IV”) regarding: the Trust’s 2024 Annual Meeting of Shareholders; the performance of the Trust’s portfolio of loans; and the proposed acquisition of the Trust by Ready Capital Corporation (“Ready Capital” and the proposed acquisition, the “Merger”), including, without limitation, the timing of the closing of the Merger, the benefits of the Merger. the estimated amount of the special dividend to be paid to the Trust’s shareholders prior to the closing of the Merger and the estimated consideration expected to be paid under the contingent value rights (“CVRs”) to be issued to the Trust’s shareholders in the Merger.  These forward-looking statements are based on management’s current expectations and are not guarantees of future performance or future events. Such forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” or other similar words.  Readers should be aware that there are various factors, many of which are beyond the Trust’s control, which could cause actual results to differ materially from any forward-looking statements included in the material on this website, including, among others: changes in general economic conditions, the real estate market and the credit market; changes in interest rates; the outcome of legal proceedings; the risk that the Merger will not be consummated within the expected time period or at all; the results of the trustee elections at the Annual Meeting, the risk that the Merger will not be consummated within the expected time period or at all; the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger agreement; the inability to obtain UDF IV shareholder approval of the Merger or the failure to satisfy the other conditions to completion of the Merger; risks that will affect the amount of the special dividend to UDF IV shareholders, including, among others, developments in litigation involving UDF IV; risks that will affect the amount of payments under the CVRs, if any, including, among others, the performance of specified UDF IV loans and developments in litigation involving UDF IV; risks related to disruption of management attention from the ongoing business operations due to the proposed Merger; the effect of the announcement of the proposed Merger on the operating results and businesses generally of Ready Capital and UDF IV; the outcome of any legal proceedings relating to the transaction; the ability to retain key personnel; availability of suitable investment opportunities; changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability and terms of financing; inflationary pressures on the capital markets and the general economy; conditions in the market for small balance commercial loans and other investments; legislative and regulatory changes that could adversely affect the businesses of Ready Capital and UDF IV; and risks related to integrating UDF IV’s existing lending platform into Ready Capital’s operations.  Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were first made.  The Trust undertakes no obligation to update any such statements that may become untrue because of subsequent events.

Additional Information About the Merger

In connection with the proposed Merger, Ready Capital will file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 that will include a prospectus of Ready Capital and the Merger Proxy Statement.  Ready Capital also expects to file with the SEC other documents regarding the Merger.  The prospectus and the Merger Proxy Statement will be sent to the shareholders of UDF IV and will contain important information regarding the proposed Merger and related matters.  UDF IV SHAREHOLDERS ARE URGED TO READ THE MERGER AGREEMENT, THE REGISTRATION STATEMENT, THE PROSPECTUS AND THE UDF IV PROXY STATEMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS TO EACH OF THEM) AND OTHER RELEVANT DOCUMENTS FILED BY READY CAPITAL WITH THE SEC AND MADE AVAILABLE BY UDF IV CAREFULLY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT READY CAPITAL, UDF IV AND THE PROPOSED MERGER. You may obtain free copies of the Merger Agreement, registration statement, the prospectus and other relevant documents filed by Ready Capital with the SEC (if and when they become available) through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by Ready Capital with the SEC are also available free of charge on Ready Capital's website at www.readycapital.com. UDF IV shareholders may obtain free copies of the proxy statement and other relevant documents made available by UDF IV free of charge on www.udfonline.com.‍