0001144204-14-059292.txt : 20141002 0001144204-14-059292.hdr.sgml : 20141002 20141002163456 ACCESSION NUMBER: 0001144204-14-059292 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20141002 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20141002 DATE AS OF CHANGE: 20141002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: United Development Funding IV CENTRAL INDEX KEY: 0001440292 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 262775282 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36472 FILM NUMBER: 141136952 BUSINESS ADDRESS: STREET 1: 1301 MUNICIPAL WAY STREET 2: SUITE 100 CITY: GRAPEVINE STATE: TX ZIP: 76051 BUSINESS PHONE: 214-370-8960 MAIL ADDRESS: STREET 1: 1301 MUNICIPAL WAY STREET 2: SUITE 100 CITY: GRAPEVINE STATE: TX ZIP: 76051 8-K 1 v390626_8-k.htm FORM 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

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

 

 

Date of Report (Date of earliest event reported): October 2, 2014

 

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 100, Grapevine, Texas

76051

(Address of principal executive offices)
(Zip Code)
 
(214) 370-8960
(Registrant’s telephone number, including area code)
 
None
(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))

 

  

 
 

 

Item 8.01Other Events.

 

On October 2, 2014, the board of trustees of United Development Funding IV authorized monthly distributions of $0.1367 per share for the fourth quarter of 2014 payable on October 27, November 25 and December 26, 2014 to shareholders of record at the close of business on October 17, November 14 and December 16, 2014, respectively. 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.

 

    (d)Exhibits

 

99.1Press Release of United Development Funding IV dated October 2, 2014 announcing authorization of distributions for the fourth quarter of 2014.

 

 
 

 

SIGNATURE

 

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: October 2, 2014 By: /s/ Hollis M. Greenlaw    
   

Hollis M. Greenlaw 

 
   

Chief Executive Officer 

 

 

 
 

 

EXHIBIT INDEX

 

Exhibit No.Description
99.1Press Release of United Development Funding IV dated October 2, 2014 announcing authorization of distributions for the fourth quarter of 2014.

 

 

EX-99.1 2 v390626_ex99-1.htm EXHIBIT 99.1

EXHIBIT 99.1

 

UDF IV

 

 

NOT FOR IMMEDIATE RELEASE

 

United Development Funding IV Announces Monthly Distributions for Fourth Quarter 2014

 

Grapevine, TX, October 2, 2014 – United Development Funding IV ("UDF IV") (NASDAQ: UDF) announced today that its board of trustees has authorized monthly distributions of $0.1367 per share for the fourth quarter of 2014 payable on October 27, November 25 and December 26, 2014 to shareholders of record at the close of business on October 17, November 14 and December 16, 2014, respectively.

 

About United Development Funding IV

 

United Development Funding IV is a publicly traded Maryland real estate investment trust listed on The NASDAQ Global Select Market. 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.

 

Important Notice Cautionary Note Regarding Forward-Looking Statements

  

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may relate to anticipated financial performance, business prospects, outcome of regulatory proceedings, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. All statements included in this press release that address activities, events or developments that we expect, believe or anticipate will exist or may occur in the future, are forward-looking statements. These forward-looking statements are based on management’s current intents, beliefs, expectations and assumptions and on information currently available to management that are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in these forward-looking statements. Words such as “may,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “would,” “could,” “should” and variations of these words and similar expressions are intended to identify forward-looking statements.

 

 
 

 

Forward-looking statements that were true at the time made may ultimately prove to be incorrect or false. We caution you not to place undue reliance on forward-looking statements, which reflect our management’s view only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements made by us or on our behalf to reflect changed assumptions, the occurrence of unanticipated events or changes as a result of new information, future developments, subsequent events or circumstances or otherwise. Factors that could cause actual results to differ materially from any forward-looking statements include but are not limited to: changes in general economic conditions, the real estate market and the credit market; increases in development costs that may exceed estimates; development delays; increases in interest rates or decreases in residential lot take down or purchase rates; our borrowers’ inability to sell residential lots; potential need to fund development costs not completed by the initial borrower or other capital expenditures out of operating cash flows; economic fluctuations in Texas, where our investments are geographically concentrated; retention of our senior management team; changes in property taxes; legislative and regulatory changes, including changes to laws governing the taxation of REITs; the availability of capital and financing; restrictive covenants in our credit facilities; and our ability to remain qualified as a REIT.

 

These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements set forth in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013, in our Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2014 and June 30, 2014 and in subsequent filings with the U.S. Securities and Exchange Commission.

 

Contacts:

 

Matthew Goldstein Stacey Dwyer
DDCWorks United Development Funding IV
mgoldstein@ddcworks.com sdwyer@umth.com
Ph: 484-342-3600 Ph: 817-835-0650

  

 

 

 

 

 

 

 

 

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