January 21, 2017 2:39 AM ET

Mortgage Real Estate Investment Trusts (REITs)

Company Overview of United Development Funding IV

Company Overview

United Development Funding IV operates as a real estate investment trust (REIT) in the United States. It focuses on originating, purchasing, participating, and holding investment secured loans for the acquisition and development of parcels of real property as single-family residential lots; and the construction of model and new single-family homes, including development of mixed-use master planned residential communities. The company also makes direct investments in land for development into single-family lots, new and model homes, and portfolios of finished lots and homes; provides credit enhancements to real estate developers, home builders, land bankers, and other real estate investors; a...

1301 Municipal Way

Suite 100

Grapevine, TX 76051

United States

Founded in 2008

1 Employees

Phone:

214-370-8960

Key Executives for United Development Funding IV

United Development Funding IV does not have any Key Executives recorded.

United Development Funding IV Key Developments

United Development Funding IV announced delayed 10-Q filing

On 11/10/2016, United Development Funding IV announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

United Development Funding IV Announces Cash Distribution, Payable on November 28, 2016

United Development Funding IV announced that its board of trustees has authorized a cash distribution of $0.08 per share payable on November 28, 2016 to shareholders of record at the close of business on November 18, 2016.

United Development Funding IV Receives Delisting Notice From Nasdaq

United Development Funding IV (UDF IV or Trust) announced that it received a written notification letter from The NASDAQ Stock Market LLC (Nasdaq) indicating that the Nasdaq Hearings Panel (Panel) had determined to delist the shares of the Trust from Nasdaq because the Trust has not filed its Annual Report on Form 10-K for the year ended December 31, 2015 (2015 Form 10-K) and its Quarterly Reports on Form 10-Q for the quarters ended March 31 and June 30, 2016 (2016 Forms 10-Q and collectively with the 2015 Form 10-K, the Reports) by October 17, 2016, the deadline by which the Trust was to file all Reports in order to regain compliance with Nasdaq Listing Rule 5250(c)(1). Accordingly, the trade halt that has been in place since February 2016 will be converted to a trading suspension effective at the open of business on October 19, 2016. While this suspension will occur at the open of business on October 19, 2016, the Trust currently plans to appeal the Panel’s determination to delist the Trust’s shares, although no assurance can be given regarding whether the Panel will grant the appeal or whether the appeal will ultimately be successful in preventing the delisting of the Trust’s shares. As stated in the notification letter from Nasdaq, following the suspension of trading of the Trust’s shares on Nasdaq, the Trust’s shares may trade on the over-the-counter market. On October 13, 2016, the Trust informed Nasdaq that it would be unable to meet the previously granted extended deadline of October 17, 2016 for filing the 2015 Form 10-K and the 2016 Forms 10-Q, as a result of the Trust’s auditors requiring more time to complete the audit. In addition, the Trust informed Nasdaq that the Trust has received a “Wells Notice” from the staff (Staff) of the U.S. Securities and Exchange Commission’s (SEC) Division of Enforcement stating that the Staff has made a preliminary determination to recommend that the SEC file an enforcement action against the Trust alleging violations of certain provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. Certain individuals associated with the Trust and its advisor also received similar Wells Notices.

Similar Private Companies By Industry

Company Name Region
Accredited Mortgage Loan REIT Trust United States
AEGIS Investment Trust United States
Alanar Real Estate Investment Trust Series 1 Corp. United States
BellaVista Finance Corp. United States
Brookfield Realty Capital Corp. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 10, 2016
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