DALLAS, Jan. 13, 2021 /PRNewswire/ — NexPoint Strategic Options Fund (NYSE: NHF) (“NHF”) currently introduced the extension of the featuring interval for its earlier introduced give to purchase any and all Shares of Helpful Curiosity (the “Shares”) of United Development Funding IV (“UDFI” or the “Firm”) at a rate of $1.10 for every Share upon the conditions and matter to the problems established forth in the Offer you to Obtain and in the connected Assignment Sort for the offer you (which with each other constitute the “Offer” and the “Tender Supply Files”). The Give is now scheduled to expire at 12:00 midnight, Jap Regular Time, at the conclusion of the working day on February 12, 2021, unless the Provide is prolonged or previously terminated. The Tender Supply Documents are available at www.UDFITenderOffer.com, or from the info agent for the Offer you, as talked over down below.
NexPoint extends the giving period for the present to purchase shares of United Advancement Funding IV (UDFI)
As formerly announced on December 14, 2020, the Provide is conditioned on, among other things, the satisfaction or waiver of the pursuing problems: (i) there shall not have been threatened, instituted, or pending any motion or proceeding in advance of any courtroom or any governmental or administrative agency (a) difficult the acquisition of shares pursuant to the Offer you or normally relating in any method to the Offer, or (b) in the sole judgment of NHF, if not materially adversely influencing the Organization (ii) NHF shall have been given all demanded governmental approvals, if any, for the Present (iii) NHF shall have had the chance to conduct ample thanks diligence to decide no matter if the supplied cost for every share is reasonable specified the existing fiscal condition and results of operations of UDFI (iv) the Board of Trustees of UDFI shall have waived in crafting the ownership constraints set forth in Write-up VII of the Declaration of Believe in of UDFI as such restrictions would otherwise utilize to the Present and (v) NHF shall have gained satisfactory evidence that UDFI has continued to qualify as a authentic estate expense belief (“REIT”) under federal tax legislation and thereby to steer clear of any entity-level federal profits or excise tax.
On January 8, 2021, UDFI introduced that it had decreased the percentage of exceptional Shares that a shareholder may have from 9.8% to 5.%. The Organization took these kinds of motion in an exertion to frustrate the Supply. It also announced it amended the Firm’s bylaws to require that sure legal steps could be introduced on behalf of or from UDFI only in certain courts in Maryland. NHF and its advisors are examining these actions and their legality beneath applicable regulation.
Shareholders ought to read the Offer to Acquire and the related products thoroughly since they comprise critical data. Shareholders may perhaps get a totally free copy of the Present to Buy and the Assignment Sort from D.F. King & Co., Inc., the information agent for the Provide (the “Information Agent”), by contacting toll-absolutely free at (800) 331-7543. THE Offer you WILL EXPIRE AT 12:00 MIDNIGHT, Japanese Normal TIME, AT THE Finish OF THE Working day ON FEBRUARY 12, 2021, Unless of course THE Present IS Extended OR Before TERMINATED.
About the NexPoint Strategic Alternatives Fund (NHF)
The NexPoint Strategic Opportunities Fund (NYSE:NHF) is a shut-close fund managed by NexPoint Advisors, L.P. that is in the procedure of converting to a diversified REIT. The Enterprise is in the process of realigning its portfolio so that it is no lengthier an “financial investment business” less than the Investment decision Company Act of 1940 (the “1940 Act”) and continues to hope the Business to be ready to transition its investment decision portfolio sufficient to qualify as a REIT for tax uses by the first quarter of 2021 and to implement to the Securities and Exchange Commission (the “SEC”) for an buy below the 1940 Act declaring that the Enterprise has ceased to be an expenditure organization (the “Deregistration Get”) in the to start with quarter of 2021. For more details pay a visit to www. www.nexpointgroup.com/nexpoint-strategic-possibilities-fund/.
About NexPoint Advisors, L.P.
NexPoint Advisors, L.P. (the “Expenditure Adviser”) is an SEC-registered adviser on the NexPoint different financial commitment platform. It serves as the adviser to a suite of funds and investment autos, like a closed-conclude fund, interval fund, small business progress corporation, and several real estate automobiles. For much more facts take a look at www.nexpointgroup.com.
Hazards and Disclosures
This document is for informational purposes only and is neither an give to obtain nor a solicitation of an give to promote any frequent inventory of UDFI or any other securities. The give to invest in popular inventory of UDFI will only be produced pursuant to the Supply to Invest in, the Assignment Variety and associated documents. THE TENDER Offer Products (Which includes THE Provide TO Invest in, THE ASSIGNMENT Sort AND Specific OTHER TENDER Offer Documents) WILL Include Critical Facts. STOCKHOLDERS OF UDFI ARE URGED TO Examine THESE Files Very carefully WHEN THEY Turn out to be Accessible Since THEY WILL Have Essential Facts THAT These STOCKHOLDERS Must Contemplate Prior to Creating ANY Determination With regards to TENDERING THEIR SHARES. Investors and protection holders may well get a free of charge duplicate of these statements (when readily available) by directing such requests to the Information Agent, by contacting toll-cost-free at (800) 331-7543.
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Source NexPoint Strategic Prospects Fund