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Dallas, December 28, 2021 (Global News Agency)-NexPoint Advisors, LP, the investment advisor of NexPoint Diversified Real Estate Trust (collectively “NexPoint”), today announced the extension of any of its previously announced purchases and United Development Funding IV (” UDFI” or “Company”) of all beneficial equity shares (“shares”), in accordance with the terms and conditions specified in the purchase offer, at a price of $1.10 per share, and in the relevant transfer form of the offer (together constitute the “offer” and “Offer Offer Document”). The offer is now scheduled to expire at 12:00 midnight Eastern Time at the end of the day on January 27, 2022, unless the offer is extended or terminated early.The tender offer documents can be found in www.UDFITenderOffer.com, Or from the information agent of the offer, as described below.
As previously announced on December 14, 2020, one of the conditions of the offer is that the following conditions are met or waived: (i) in any court or any government or administrative agency (a) challenged in accordance with the offer or in any way related to the offer The acquisition of shares, or (b) NexPoint’s sole judgment, would otherwise have a material adverse effect on the company; (ii) NexPoint should have obtained all necessary government approvals (if any) for the offer; (iii) NexPoint should have the opportunity to fully Due diligence to determine whether the quote per share is reasonable, given the current…
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