United Development Funding IV Plans Release of Second Quarter Earnings
United Development Funding IV (NASDAQ: UDF) recently announced that it will release its second quarter financial results on August 12, 2014, prior to the market opening. Its second quarter ended June 30, 2014.
Formerly non-traded, UDF IV began trading on the NASDAQ June 4, 2014 at an opening price of $21.04. At the time of this article, it’s trading at $18.72 and has a market cap of over $600 million.
The company will also host a conference call the same morning it releases its results, at 11 a.m. EST with a dial-in number of 1-888-317-6016.
Those interested are encouraged to call five minutes before the call begins. The call will also be webcast from the company’s website. In addition a replay of the call will be available after 2:00 p.m. EST on August 12, 2014 at 1-877-344-7529 with an access code of 10050055. The replay will also be available from the company’s website through midnight of August 27, 2014.
UDF IV was formed to invest primarily in secured loans for the acquisition and development of land into single-family home lots and the construction of model and new single-family homes.
In addition, it purchases or finances securitized real estate loan pools and discounted cash flows secured by assessments levied on real property.