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United Development Funding IV Buyback

OLI recorded this information on 1/15/2015

Company: United Development Funding IV
Buyback: UDF buyback
$Amount Authorized: $25,000,000
Buyback Details: United Development Funding IV ("UDF IV" or the "Trust") (NASDAQ: UDF) announced today that its board of trustees has authorized it to repurchase up to $25 million of the Trust's common shares. UDF IV may repurchase common shares in the open market or in privately negotiated transactions at the discretion of management, subject to its assessment of market conditions and other factors.

United Development Funding IV is a real estate investment trust. Co.'s business consist of originating, acquiring, servicing and managing loans on real property and reimbursements, acquiring participation interests in third-party loans on real property, issuing or acquiring an interest in credit enhancements to borrowers, making equity loans to homebuilders and making direct investments in finished lots. Co. is the sole general partner of and owned a 99.999% partnership interest in United Development Funding IV Operating Partnership, L.P., as of Dec 31 2014. At the same date, Co. also owned a 100% limited partnership interest in all its limited partnerships.
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Company Name:  United Development Funding IV
Stock buyback:  UDF buyback
Website:  www.udfonline.com
Sector:  Real Estate
 

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May 4, 2024    6:08 AM Eastern
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