Press Release: NexPoint Strategic Opportunities Fund Announces Offer to Purchase Up to All Shares of United Development Funding IV (UDFI)
Press Release: NexPoint Strategic Opportunities Fund Announces Offer to Purchase Up to All Shares of United Development Funding IV (UDFI)
Press Release: NexPoint Strategic Opportunities Fund Announces Offer to Purchase Up to All Shares of United Development Funding IV (UDFI)
新聞稿：NexPoint戰略機遇基金宣佈要約收購聯合發展基金IV(UDFI)最多全部股份
NexPoint Strategic Opportunities Fund Announces Offer to Purchase Up to All Shares of United Development Funding IV (UDFI)
NexPoint戰略機遇基金宣佈最多購買聯合發展基金IV(UDFI)的全部股份
PR Newswire
美通社
DALLAS, Dec. 14, 2020
達拉斯，2020年12月14日
DALLAS, Dec. 14, 2020 /PRNewswire/ -- NexPoint Strategic Opportunities Fund (NYSE:NHF) ("NHF") today announced the commencement of an offer to purchase any and all Shares of Beneficial Interest (the "Shares") of United Development Funding IV ("UDFI" or the "Company") at a price of $1.10 per Share upon the terms and subject to the conditions set forth in the Offer to Purchase and in the related Assignment Form for the offer (which together constitute the "Offer" and the "Tender Offer Documents"). The Tender Offer Documents are available at www.UDFITenderOffer.com, or from the information agent for the Offer, as discussed below.
達拉斯，2020年12月14日電/美通社/--NexPoint Strategic Opportunities Fund(紐約證券交易所股票代碼：NHF)(“NHF”)今天宣佈開始要約收購聯合發展基金IV(“UDFI”或“公司”)的任何和所有實益權益股份(“股份”)，價格為每股1.10美元，並受要約收購要約和相關轉讓表格中所述條件的限制(這些要約共同構成“要約”和“公司”)。投標報價文件可以在www.UDFITenderOffer.com上獲得，也可以從報價的信息代理那裏獲得，如下所述。
NHF believes it is the largest shareholder of UDFI. Through the Offer, NHF is seeking to increase its ownership in the Company, while also providing liquidity to shareholders who choose to participate. In the last five years, there have been limited opportunities for shareholders to sell UDFI Shares. Trading in the Shares on The Nasdaq Stock Market LLC ("Nasdaq") has been halted since February 2016. In May 2017, Nasdaq announced that it would delist the Shares (the "Delisting"). In August 2020, the Securities and Exchange Commission ("SEC") revoked the registration of all classes of registered securities of UDFI (the "Deregistration"). The Delisting and Deregistration presented challenges to shareholders interested in selling UDFI Shares. Adding to these challenges, there has been limited information regarding the financial performance of UDFI available to UDFI's shareholders since November 2015. Despite the limited information on the Company, NHF commenced the Offer in an effort to increase its investment in UDFI and encourage value creation over the long term, while providing immediate liquidity for shareholders interested in selling their Shares.
NHF認為自己是UDFI的最大股東。通過此次要約，NHF正在尋求增加其在該公司的持股比例，同時還向選擇參與的股東提供流動性。過去5年，股東出售UDFI股票的機會有限。納斯達克股票市場有限責任公司(“納斯達克”)的股票自2016年2月起暫停交易。2017年5月，納斯達克宣佈將該股摘牌(簡稱《退市》)。2020年8月，美國證券交易委員會(“SEC”)撤銷了UDFI所有類別註冊證券的註冊(“註銷”)。退市和退市給有意出售UDFI股票的股東帶來了挑戰。除了這些挑戰，自2015年11月以來，可供UDFI股東使用的有關UDFI財務業績的信息有限。儘管關於本公司的信息有限，但NHF開始提出要約是為了增加對UDFI的投資，並鼓勵長期創造價值，同時為有興趣出售股份的股東提供即時流動資金。
The Offer is conditioned upon, among other things, the satisfaction or waiver of the following conditions: (i) there shall not have been threatened, instituted, or pending any action or proceeding before any court or any governmental or administrative agency (a) challenging the acquisition of shares pursuant to the Offer or otherwise relating in any manner to the Offer, or (b) in the sole judgment of NHF, otherwise materially adversely affecting the Company; (ii) NHF shall have received all required governmental approvals, if any, for the Offer; (iii) NHF shall have had the opportunity to conduct sufficient due diligence to determine whether the offered price per share is reasonable given the current financial condition and results of operations of UDFI; (iv) the Board of Trustees of UDFI shall have waived in writing the ownership limitations set forth in Article VII of the Declaration of Trust of UDFI as such limitations would otherwise apply to the Offer; and (v) NHF shall have received satisfactory evidence that UDFI has continued to qualify as a real estate investment trust ("REIT") under federal tax laws and thereby to avoid any entity-level federal income or excise tax.
要約收購的條件除其他外包括以下條件的滿足或放棄：(I)不應受到任何法院或任何政府或行政機構的威脅、提起或等待任何訴訟或訴訟(A)根據要約收購股份或以其他方式與要約有關，或(B)由NHF單獨判斷，否則將對公司產生重大不利影響；(Ii)NHF應已獲得要約所需的所有政府批准(如果有的話)；(Iii)考慮到UDFI目前的財務狀況和經營結果，NHF應有機會進行充分的盡職調查，以確定每股要約價格是否合理；(Iv)UDFI董事會應以書面形式放棄UDFI信託聲明第VII條規定的所有權限制，否則該等限制將適用於要約；及(V)NHF應已收到令人滿意的證據，證明UDFI繼續符合房地產投資信託(REIT)的資格。
Shareholders should read the Offer to Purchase and the related materials carefully because they contain important information. Shareholders may obtain a free copy of the Offer to Purchase and the Assignment Form from D.F. King & Co., Inc., the information agent for the Offer (the "Information Agent"), by calling toll-free at (800) 331-7543. THE OFFER WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF THE DAY ON JANUARY 13, 2021, UNLESS THE OFFER IS EXTENDED OR EARLIER TERMINATED.
股東應仔細閲讀要約收購及相關材料，因為它們包含重要信息。股東可以撥打免費電話(800)331-7543，從要約的信息代理公司D.F.King&Co.(“信息代理”)那裏免費獲得購買要約和轉讓表格的副本。除非報價延期或提前終止，否則報價將於2021年1月13日當天結束時，紐約時間午夜12點到期。
About the NexPoint Strategic Opportunities Fund (NHF)
關於NexPoint戰略機遇基金(NHF)
The NexPoint Strategic Opportunities Fund (NYSE:NHF) is a closed-end fund managed by NexPoint Advisors, L.P. that is in the process of converting to a diversified REIT. The Company is in the process of realigning its portfolio so that it is no longer an "investment company" under the Investment Company Act of 1940 (the "1940 Act") and continues to expect the Company to be able to transition its investment portfolio sufficient to qualify as a REIT for tax purposes by the first quarter of 2021 and to apply to the Securities and Exchange Commission (the "SEC") for an order under the 1940 Act declaring that the Company has ceased to be an investment company (the "Deregistration Order") in the first half of 2021.
NexPoint Strategic Opportunities Fund(紐約證券交易所市場代碼：NHF)是由NexPoint Advisors，L.P.管理的封閉式基金，正在轉變為多元化的房地產投資信託基金(REIT)。本公司正在重新調整其投資組合，使其不再是1940年“投資公司法”(“1940年法案”)下的“投資公司”，並繼續期望本公司能夠在2021年第一季度前將其投資組合轉變為足以符合REIT納税資格的投資組合，並向美國證券交易委員會(“證券交易委員會”)申請根據1940年法案發布命令，宣佈本公司在第一季度不再是一家投資公司(“撤銷註冊令”)。
For more information visit www.nexpointgroup.com/nexpoint-strategic-opportunities-fund/.
欲瞭解更多信息，請訪問www.nexpointgroup.com/nexpoint-strategic-opportunities-fund/.。
About NexPoint Advisors, L.P.
關於NexPoint Advisors，L.P.
NexPoint Advisors, L.P. (the "Investment Adviser") is an SEC-registered adviser on the NexPoint alternative investment platform. It serves as the adviser to a suite of funds and investment vehicles, including a closed-end fund, interval fund, business development company, and various real estate vehicles.
NexPoint Advisors，L.P.(“投資顧問”)是美國證券交易委員會在NexPoint另類投資平台上註冊的顧問。它擔任一系列基金和投資工具的顧問，包括封閉式基金、區間基金、業務發展公司和各種房地產工具。
For more information visit www.nexpointgroup.com.
欲瞭解更多信息，請訪問www.nexpointgroup.com。
Risks and Disclosures
風險及披露
This document is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any common stock of UDFI or any other securities. The offer to purchase common stock of UDFI will only be made pursuant to the Offer to Purchase, the Assignment Form and related documents. THE TENDER OFFER MATERIALS (INCLUDING THE OFFER TO PURCHASE, THE ASSIGNMENT FORM AND CERTAIN OTHER TENDER OFFER DOCUMENTS) WILL CONTAIN IMPORTANT INFORMATION. STOCKHOLDERS OF UDFI ARE URGED TO READ THESE DOCUMENTS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT SUCH STOCKHOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SHARES. Investors and security holders may obtain a free copy of these statements (when available) by directing such requests to the Information Agent, by calling toll-free at (800) 331-7543.
本文檔僅供參考，既不是購買要約，也不是要約出售任何普通股UDFI或任何其他證券。購買UDFI普通股的要約僅根據購買要約、轉讓表格和相關文件提出。投標報價材料(包括購買報價、轉讓表格和某些其他投標報價文件)將包含重要信息。我們敦促UDFI的股東在獲得這些文件時仔細閲讀，因為它們包含重要的信息，這些信息是這些股東在作出任何關於出價股票的決定之前應該考慮的。投資者和證券持有者可以通過撥打免費電話(800)331-7543將這些請求直接發送給信息代理，從而獲得這些報表的免費副本(如果有)。
Media Contact
媒體聯繫人
mediarelations@nexpointadvisors.com
郵箱：mediaRelations@NexPointAdvisors.com
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SOURCE NexPoint Strategic Opportunities Fund
來源：NexPoint戰略機遇基金
(END) Dow Jones Newswires
(完)道瓊通訊社
December 14, 2020 11:30 ET (16:30 GMT)
2020年12月14日美國東部時間11：30(格林尼治標準時間16：30)
譯文內容由第三人軟體翻譯。