UDF IV Shareholders Approve Merger with Ready Capital

Core Viewpoint - UDF IV shareholders have approved the merger with Ready Capital Corporation, marking a significant milestone for UDF IV and its shareholders, with expectations of immediate value and long-term potential from the transaction [1][2]. Company Overview - United Development Funding IV (UDF IV) is a Maryland real estate investment trust focused on generating current interest income through secured loans and profits from residential real estate investments [3]. Merger Details - The merger was approved at a Special Meeting where 18,781,459 shares, or 61.2% of the total 30,677,003 shares, were voted. Approximately 58.3% of the outstanding shares voted in favor, representing 95.3% of the votes cast [2][4]. - The merger is expected to close in the first quarter of 2025, pending customary closing conditions [2][4].