For more information about our portfolio and financial performance, we would encourage you to read our recent shareholder update, which includes audited financial statements for 2023. Despite our work to protect your investment, NexPoint Real Estate Opportunities, LLC, an indirect subsidiary of NexPoint Diversified Residential Trust (NXDT), and its affiliates (collectively, "NexPoint") continue to pursue a self-interested campaign at the expense of all UDF IV shareholders. As you may know, NexPoint submitted a slate of dissident trustee nominations to take control of the Board at the 2024 Annual Meeting of Shareholders. According to public filings, James Dondero – NexPoint's founder – and his affiliates have been found by a variety of courts, arbitration panels, and administrative tribunals to have breached their fiduciary duties to investors, and engaged in intentional fraudulent transfers, willful misconduct and self-dealing.