United Development Funding IV
Terms unclear
Unclear — read the filing yourself
| Status | Closed |
|---|---|
| Closing date | 2014-07-02 |
| How it is priced | Fixed price |
| Odd-lot threshold | Fewer than 100 shares |
| Must tender everything you hold | Not stated |
| Must tick the odd-lot box on the form | Yes |
| Price offered | USD $20.00 per share |
| Cleared at | $20.50 |
| Most an odd-lot tender could be | $2,029.50 |
How it finished
| Expired | 2014-07-02 |
|---|
Where each of these comes from
Every line above was read out of the filing. Here is the wording it was read from, so you can check it.
election_required = True...n 100 Common Shares and I tender all of my Common Shares, will I be subject to proration? If you own, beneficially or of record, fewer than 100 Common Shares in the aggregate, you properly tender all of these Common Shares prior to the Expiration Date and you complete the section entitled “Odd Lots” in the Letter of Transmittal, and if applicable, in the Notice of Guaranteed Delivery, and all conditions to the Offer are satisfied or waived, we will purchase all of your Common Shares without subjecting them to proration. See Section 1. Once I have tendered Common Shares in the Offer, can I withdraw my tender? Yes. You may withdraw your tendered Common Shares at...
expiry = 2014-07-02...Development Funding IV Offer to Purchase for Cash Up to 1,707,317 Common Shares of Beneficial Interest at a Purchase Price of $20.50 Per Common Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:01 A.M., NEW YORK CITY TIME, ON JULY 2, 2014, UNLESS THE OFFER IS EXTENDED OR WITHDRAWN (SUCH TIME AND DATE, AS THEY MAY BE EXTENDED, THE “EXPIRATION DATE”). United Development Funding IV, a Maryland real estate investment trust (the “Trust,” “UDF,” “we” or “us”), is offering to purc...
listed = True...Offer is, however, subject to a number of other terms and conditions. See Section 6. On June 4, 2014, the Common Shares were listed on the NASDAQ and began trading under the symbol “UDF.” Because June 4, 2014 was the first day on which the Common Shares were traded on the NASDAQ, we cannot provide a market price for the Common Shares prior to the commencement of the Offer. Tendering shareholders whose Common Shares are accepted for payment will lose the opportunity to trade such Common Shares and the chance to participate in any future third-party acquisition of the Trust. The trading price of our Common Shares...
mechanism = FIXED...date on which their shares were purchased. For distributions declared for each record date in the July 2011 through April 2014 periods, our distribution rate was $1.64 per share per annum, which is equal to an annualized distribution rate of 8.2%, assuming a purchase price of $20.00 per share. The Trust paid the April 2014 distribution on May 23, 2014. Beginning with the June 2014 distribution (which will relate to the period from May 1, 2014 to June 16, 2014), the Trust will begin paying distributions on or around the 25th day of each month to shareholders of record as of close of business on or around the 15th day of such m...
mechanism = FIXED...which expired at 12:01 a.m., Eastern Time, on July 2 , 2014. Based on the preliminary count by DST Systems, Inc., the paying agent and depositary for the tender offer, a total of 5,057,648 Common Shares were properly tendered and not properly withdrawn at the purchase price of $20.50 per share. In accordance with the terms and conditions of the tender offer, and based on the preliminary count by the paying agent and depositary, the Trust will accept for purchase 1,707,317 Common Shares properly tendered and not properly withdrawn prior to the expiration of the tender offer at a purchase price of $20.50 per share, for an aggreg...
mechanism = FIXED...which expired at 12:01 a.m., New York City Time, on July 2, 2014. Based on the final count by DST Systems, Inc., the paying agent and depositary for the tender offer, a total of 5,634,952 Common Shares were properly tendered and not properly withdrawn at the purchase price of $20.50 per share. In accordance with the terms and conditions of the tender offer, and based on the final count by the paying agent and depositary, UDF IV has accepted for purchase 1,707,317 Common Shares at a purchase price of $20.50 per share, for an aggregate cost of approximately $35,000,000, excluding fees and expenses relating to the tender offer....
price = USD 20.0...record date in the July 2011 through April 2014 periods, our distribution rate was $1.64 per share per annum, which is equal to an annualized distribution rate of 8.2%, assuming a purchase price of $20.00 per share. The Trust paid the April 2014 distribution on May 23, 2014. Beginning with the June 2014 distribution (which will relate to the period from May 1, 2014 to June 16, 2014), the Trust will begin paying distributions on or...
price = USD 20.5...inary count by DST Systems, Inc., the paying agent and depositary for the tender offer, a total of 5,057,648 Common Shares were properly tendered and not properly withdrawn at the purchase price of $20.50 per share. In accordance with the terms and conditions of the tender offer, and based on the preliminary count by the paying agent and depositary, the Trust will accept for purchase 1,707,317 Common Shares properly tendered and n...
price = USD 20.5...final count by DST Systems, Inc., the paying agent and depositary for the tender offer, a total of 5,634,952 Common Shares were properly tendered and not properly withdrawn at the purchase price of $20.50 per share. In accordance with the terms and conditions of the tender offer, and based on the final count by the paying agent and depositary, UDF IV has accepted for purchase 1,707,317 Common Shares at a purchase price of $20.50 p...
threshold = 100...tendered, it is possible that all of the Common Shares that a shareholder tenders in the Offer may not be purchased. Odd Lots. The term “odd lots” means all Common Shares properly tendered prior to the Expiration Date and not properly withdrawn by any person who owned, beneficially or of record, a total of fewer than 100 Common Shares and so certified in the appropriate place on the Letter of Transmittal, or an Agent’s Message (as defined below) in lieu of the Letter of Transmittal, and, if applicable, on the Notice of Guaranteed Delivery (an “Odd Lot Holder”). To qualify for this preference, an Odd Lot Holder must tender all Common Shares owned by the Odd Lot Holder...
txn_type = TENDER_OFFEREX-99.A1A 2 v380514_ex99a1a.htm EXHIBIT 99.(A)(1)(A) Exhibit (a)(1)(A) United Development Funding IV Offer to Purchase for Cash Up to 1,707,317 Common Shares of Beneficial Interest at a Purchase Price of $20.50 Per Common Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:01 A.M., NEW YORK CITY TIME, ON JULY 2, 2014, UNLESS THE OFFER IS EXTENDED OR WITHDRAWN (SUCH TIME AND DATE, AS THEY MAY BE EXTENDED, THE “EXPIRATION DATE”). Unit...
txn_type = TENDER_OFFEREX-99.A6 2 v383061_ex99a6.htm EXHIBIT 99.(A)(6) Exhibit (a)(6) FOR IMMEDIATE RELEASE United Development Funding IV Announces Preliminary Results of Tender Offer Grapevine, TX, July 2, 2014 – United Development Funding IV (the "Trust") (NASDAQ: "UDF"), announced today the preliminary results of its tender offer for the purchase of up to 1,707,317 common shares of beneficial interest of the Trust (the “Common Shares”), which expired at 12:01 a.m., Eastern Time, on July 2 , 2014. Based on the preli...
txn_type = TENDER_OFFEREX-99.A7 2 v383485_ex99a7.htm EXHIBIT 99.(A)(7) Exhibit (a)(7) FOR IMMEDIATE RELEASE: United Development Funding IV Announces Final Results of Tender Offer Grapevine, TX, July 9, 2014 – United Development Funding IV ("UDF IV") (NASDAQ: "UDF") announced today the final results of its tender offer for the purchase of up to 1,707,317 of its common shares of beneficial interest (the “Common Shares”), which expired at 12:01 a.m., New York City Time, on July 2, 2014. Based on the final count by D...
expired_on = 2014-07-02...unding IV ("UDF IV") (NASDAQ: "UDF") announced today the final results of its tender offer for the purchase of up to 1,707,317 of its common shares of beneficial interest (the “Common Shares”), which expired at 12:01 a.m., New York City Time, on July 2, 2014. Based on the final count by DST Systems, Inc., the paying agent and depositary for the tender offer, a total of 5,634,952 Common Shares were properly tendered and not properly withdrawn at the purchase price of $20.50 per share. In accordance with the terms and conditions of th...
final_price = 20.5...0 per share. In accordance with the terms and conditions of the tender offer, and based on the final count by the paying agent and depositary, UDF IV has accepted for purchase 1,707,317 Common Shares at a purchase price of $20.50 per share, for an aggregate cost of approximately $35,000,000, excluding fees and expenses relating to the tender offer. The 1,707,317 shares accepted for purchase in the tender offer represent approximately 5.28% of UDF IV’s currently issued and outstanding Common Shares. Due to the over...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2014-06-04 | SC TO-I | original (governing) | View |
| 2014-07-02 | SC TO-I/A | amendment | View |
| 2014-07-10 | SC TO-I/A | amendment | View |