United Development Funding IV (OTCMKTS:UDFI) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01
On May 17, 2017, the Nasdaq Stock Market LLC (“Nasdaq”) announced that it would delist the common shares of United Development Funding IV (the “Trust”). Trading in the Trust’s common shares on Nasdaq has been halted since February 2016 and was suspended on October 19, 2016. Nasdaq intends to file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting will become effective ten days after the Form 25 is filed.
About United Development Funding IV (OTCMKTS:UDFI)
United Development Funding IV (the Trust) is an externally-managed real estate investment trust. The Trust provides investors with an opportunity to diversify their portfolios with fundamentally sound investments in residential real estate. The Trust invests primarily in secured loans for the acquisition and development of land into single-family home lots and the construction of model and new single-family homes. It also makes strategic equity investments in residential real estate in housing markets. The Trust primarily originates, purchases, participates in and holds for investment secured loans made directly by the Trust or indirectly through its affiliates to persons and entities for the acquisition and development of parcels of real property as single-family residential lots or mixed-use master planned residential communities, for the construction of single-family homes and for completed model homes. UMTH General Services, L.P. is the advisor of the Trust. United Development Funding IV (OTCMKTS:UDFI) Recent Trading Information
United Development Funding IV (OTCMKTS:UDFI) closed its last trading session up +0.50 at 3.50 with shares trading hands.
