United Development Funding IV (UDF) – Odd Lot Tender Offer – $89 Gain
Current Price – $19.6
Offer Price – $20.5
Upside – 4.6% or $89 for Odd Lot holders
Expiration date – July 2, 2014
Odd Lot holders (less than 100 shares) are not subject to proration
Trading Strategy:
Buy 99 shares of UDF below $20.5 and tender all your shares before July 2, 2014.
Summary:
United Development Funding IV, a Maryland real estate investment trust, is offering to purchase for cash up to 1,707,317 common shares of beneficial interest, par value