United Development Funding IV and UDF Income Fund V Announce Cash Distributions for Q3 2024
August 27 2024 - 10:00AM
United Development Funding IV (“UDF IV”) today announced that its
board of trustees has approved a cash distribution of $0.13 per
share, payable on September 30, 2024, to shareholders of record as
of September 23, 2024. This distribution comprises a regular
quarterly distribution of $0.065 per share, which UDF IV has
consistently paid since the third quarter of 2019, as well as an
additional special distribution of $0.065 per share, for a total
distribution of $0.13 per share. As highlighted in our July 18,
2024 shareholder letter, UDF IV’s portfolio reached a significant
milestone in the first half of 2023 when the cash expected from
loan repayments exceeded the cash that we anticipate our borrowers
will require for improvements to the projects collateralizing our
loans. This achievement enables us to make this greater
distribution.
United Development Funding Income Fund V (“UDF V”) also
announced today that on August 22, 2024, its board of trustees
authorized a cash distribution of $0.0847 per share payable on
September 30, 2024, to shareholders of record at the close of
business on September 23, 2024.
About United Development Funding IV
United Development Funding IV is a 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 www.udfiv.com. UDF
IV may disseminate important information regarding its operations,
including financial information, through social media platforms
such as Twitter, Facebook and LinkedIn.
About United Development Funding Income Fund
V
United Development Funding Income Fund V is a Maryland real
estate investment trust. UDF V 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 V can be found on its website
at www.udfincomefundv.com. UDF V may disseminate important
information regarding its operations, including financial
information, through social media platforms such as Twitter,
Facebook and LinkedIn.
Investor Contact:Investor
Relations1-800-859-9338investorrelations@umth.com