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Section 1: 8-K (FORM 8-K)





Washington, D.C. 20549





Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): August 7, 2019


United Development Funding IV
(Exact Name of Registrant as Specified in Its Charter)
Maryland   001-36472   26-2775282
(State or other jurisdiction of incorporation or organization)  

(Commission File Number)



(I.R.S. Employer

Identification No.)


1301 Municipal Way, Suite 200, Grapevine, Texas


(Address of principal executive offices)
(Zip Code)
(214) 370-8960
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
None   None   None


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o






Item 8.01Other Events.


On August 7, 2019, the board of trustees of United Development Funding IV authorized a cash distribution of $0.065 per share payable on August 30, 2019 to shareholders of record at the close of business on August 9, 2019. A copy of the press release announcing these distributions is included as Exhibit 99.1 to this Current Report on Form 8-K.


Item 9.01Financial Statements and Exhibits.




99.1Press Release of United Development Funding IV dated August 7, 2019 announcing authorization of distribution.







Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



  United Development Funding IV
Dated:  August 7, 2019 By: /s/ Hollis M. Greenlaw  
    Hollis M. Greenlaw
    Chief Executive Officer



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Section 2: EX-99.1 (EXHIBIT 99.1)


Exhibit 99.1




United Development Funding IV Announces Distribution



GRAPEVINE, Texas, August 7, 2019 (GLOBE NEWSWIRE) – United Development Funding IV ("UDF IV") (OTC PINK: UDFI) announced today that its board of trustees has authorized a distribution of $0.065 per common share of beneficial interest payable on August 30, 2019 to shareholders of record as of the close of business on August 9, 2019.


Hollis M. Greenlaw, Chairman of the Board and Chief Executive Officer said, “We are very pleased to make this distribution. Since the Kyle Bass and Hayman Capital attack beginning in December 2015, our management team has dealt with the business injuries Bass caused.  In November 2017, we sued Kyle Bass and his companies in Dallas County Court (the “Court”) for business disparagement and tortious interference with our business.   In June 2018, the Court ruled that we had set forth a prima facie case, and now Bass and Hayman Capital have appealed that ruling.  We will continue to see that all facts and people involved will be pursued. We will persist in demanding that Bass and his Hayman companies permit full discovery in our civil action so that the full extent of their actions will be known to the government and the public. While we cannot give any assurances that we will receive any damages as a result of our lawsuit, it is our commitment to work vigilantly to expose Bass’s actions, to have him held accountable and to preserve and continue to create shareholder value. Our employees and our investors deserve both vindication and justice.”


About United Development Funding IV


United Development Funding IV is a public Maryland real estate investment trust. UDF IV was formed primarily to generate current interest income by investing in secured loans and producing profits from investments in residential real estate. Additional information about UDF IV can be found on its website at UDF IV may disseminate important information regarding its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.



Investor Contact: Media Contact:
Investor Relations [email protected]
1-800-859-9338 817-835-0650
[email protected]  




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