GRAPEVINE, TX—United Development Funding IVtrust says its board of trustees has decided to list its commonshares of beneficial interest on the NASDAQ Global SelectMarket under the symbol “UDF.”
The trust anticipates that the listing of its common shares ofbeneficial interest will be completed in 2014. The completionof the listing is subject to certain conditions, including approvalby the NASDAQ.
“We believe there is a significant opportunity to participate inthe continuing housing recovery by providing capital solutions tolocal, regional and national developers and homebuilders,”Hollis Greenlaw, chairman of the board and chiefexecutive. “We continue to focus on growing UDF IV's investmentportfolio in Texas while expanding into other homebuilding marketsacross the country. Many markets currently have a verylimited supply of finished lots or land under development, and UDFIV is providing access to capital for developers and homebuildersto be able to address those lot shortages.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
