News Column

United Development Funding IV Announces New Distribution Reinvestment Plan

August 23, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- United Development Funding IV ("UDF IV" or the "Trust") (NASDAQ: UDF) announced that its Distribution Reinvestment Plan (the "DRIP") is open for enrollment. The DRIP provides a convenient and cost-efficient way for existing shareholders to purchase additional common shares of beneficial interest in the Trust by automatically reinvesting the cash distributions paid on their common shares without paying the Trust any selling commissions, fees or service charges. The purchase price for common shares purchased through the DRIP will be equal to the current market value of the Trust's shares as of the distribution payment date, calculated based upon the average of Trust's opening and closing prices per share on the distribution payment date, as reported by NASDAQ.

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The DRIP is voluntary and shareholders can participate if they currently own the Trust's common shares and such shares are registered in their name. If shareholders own shares that are registered in another name (for example, a bank, broker or other nominee), the shareholders should contact their bank, broker or other nominee to enroll in the DRIP. If shareholders participate in the DRIP through a broker, they should confirm with their broker if additional brokerage fees apply.

Registered shareholders who enroll in the DRIP five business days prior to the record date in any given month will be able to participate in the DRIP for that month. For example, registered shareholders whose enrollment forms are submitted in good order in accordance with the DRIP by August 8, 2014, five business days prior to the August 15, 2014 record date, will have their August 25, 2014 monthly distribution reinvested in the Trust's common shares.

Eligible shareholders of record may elect to participate in the DRIP at any time by completing the enrollment form and returning it to the DRIP's administrator. Enrollment forms may be obtained by contacting United Development Funding IV Investor Services at (214) 370-8960 or (800) 859-9338, or by writing to them at 1301 Municipal Way, Suite 100, Grapevine, Texas 76051. Enrollment forms are also available online at www.udfiv.com. Participants should carefully read the prospectus describing the DRIP, which has been filed with the Securities and Exchange Commission on Post-Effective Amendment No. 1 on Form S-3 on August 4, 2014, before opting to participate.

This press release shall not constitute an offer to sell or a solicitation of offers to buy any securities. The offering is being made only by means of a prospectus. Anyone seeking a prospectus and enrollment application should visit www.udfiv.com or call (800) 859-9338 and read the prospectus carefully before making any investment decisions.

Keywords for this news article include: Investment and Finance, United Development Funding Iv.

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Source: Investment Weekly News


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