United Development Funding IV announces pre-closing cash distribution

United Development Funding IV board of trustees authorized a cash distribution of $2.3785 per share payable on or around March 13, 2025, to shareholders of record at the close of business on March 4, 2025, or approximately $73M in the aggregate. This distribution is contemplated by the merger agreement between UDF IV and Ready Capital (RC). Including the approximately $2M distribution paid by UDF IV to shareholders in December 2024, this distribution brings the total amount distributed to shareholders since the announcement of the merger to the maximum $75M in distributions permitted by the merger agreement. The merger is expected to close shortly after the payment of the distribution, subject to customary closing conditions.