Thursday, May 22, 2014
UDF IV Listing
United Development Funding IV, a mortgage REIT, plans to list its shares on Nasdaq, under the symbol UDF on June 4, 2014. In a show of optimism for its list price, UDF is offering to purchase up to $35 million of shares through a tender offer at $20.50 per share. UDF sold its shares to investors at $20.00 per share.