United Development Funding IV (UDF IV) is going public

UDF IV Notification Alert
First Trust Retirement has been made aware that UDF IV has received a notification letter dated March 17, 2016 from the staff of the Listing Qualifications Department of The NASDAQ Stock Market LLC ("NASDAQ") stating that the UDF IV is not in compliance with NASDAQ Listing Rule 5250(c)(1). UDF IV has 60 calendar days, or until May 16, 2016, to submit to NASDAQ a plan to regain compliance with the NASDAQ Listing Rules. The Trust intends to submit a plan to regain compliance within the 60-day period.  Trading in UDF IV's stock has been suspended since February 18, 2016, and no assurance can be given regarding the resumption of regular trading of the Trust's securities.




You may have recently received communication from UDF IV that describes certain steps it is taking to enhance value and offer investor liquidity. This information, while helpful, may prompt further questions for you about your IRA holding.


As always, we encourage you to seek the guidance of your professional financial representative and/or tax advisor when making these important investment decisions.


Please return to our Listings page for answers to additional questions you may have.




Press Release


Grapevine, TX, April 28, 2014 – United Development Funding IV (“UDF IV” or the Trust), a public, non-traded real estate investment trust investing 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, announced today that its Board of Trustees has decided to list its common shares of beneficial interest on the NASDAQ Global Select Market under the symbol “UDF”. The Trust anticipates that the listing of its common shares of beneficial interest will be completed in 2014. The completion of the listing is subject to certain conditions, including approval by the NASDAQ.

Following UDF IV’s listing on a traded exchange, your available options are outlined below:


Do nothing.

You can keep your position and remain with First Trust Retirement. Enjoy the same benefits that you’ve always had.


Remain with First Trust Retirement, but select another alternative investment.

Please select from alternative investment sponsors listed below, complete the required paperwork, and enjoy the same great service at the same low cost.


Sell your shares and move to cash position remaining with First Trust Retirement.

You can call us, or utilize the UDF IV Liquidation Request Form by fax or mail to complete a sale order of your shares and move the proceeds to a cash position within First Trust Retirement.


Transfer shares to another custodian or brokerage account.

To send sale proceeds to a different account other than the First Trust Retirement IRA, submit completed transfer paperwork from the new financial institution by mail. Please consult your financial representative. There may be fees associated with this option.


Alternative Investment Products Available

Stay with First Trust Retirement and move your IRA to another alternative investment. Complete the IRA Transfer/Rollover form, FTR IRA Application*, and the new Sponsor's subscription documentation. Sign all forms and mail to the appropriate address listed on the form.

*IRA Application only required if IRA account does not exist within Product Sponsor.