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.
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3 comments:
So 2.5% of total appreciation plus a dividend over the life of the fund. I don't think the returns justified the risk that the investment had.
No kidding. These guys are moving into the land of "failed executions for the sake of doing deals quickly", with NYRT and HCT now trading well below targeted and tender offer prices...
Anonymous 2: nice post...are you a day trader?
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