The alternative proposal from NexPoint Real Estate Opportunities, LLC, an affiliate of NexPoint, promises superior economic terms, including higher balance sheet distributions and full shareholder entitlement to Contingent Value Rights (CVR) loan proceeds. NexPoint also intends to recover previously advanced legal fees and indemnity payments that were made under questionable circumstances. Despite these claims, the UDF IV Board of Trustees has not engaged with NexPoint, prompting the firm to take its case directly to shareholders.