United Development Funding IV (UDF) Odd-Lot Tender Offer $89 in <1 Month

Posted on June 6, 2014 by admin
  • Company: United Development Funding IV
  • Ticker: UDF
  • Market Cap: ~$633mm
  • Size of Action: ~$34mm
  • Type of Transaction:  Tender Offer with Odd-Lot Provision
  • Current Price: $19.60
  • Exchange Price: $20.50
  • Potential Gain (%): 4.6%
  • Expiration: 12:01am EST on July 2, 2014
  • Tender Limit (Shares): 99
  • Max Investment ($): ~$1,940
  • Max Gain ($): ~$89
  • Sec Filing: Link
  • Summary: United Development Funding IV, a Maryland real estate investment trust, is offering to purchase for cash up to 1.7mm common shares at a price of $20.50 per share.
  • Odd Lots: ..First, from all holders of “odd lots” of less than 100 Common Shares who properly tender all of their Common Shares and do not properly withdraw them prior to the Expiration Date...
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