UDF

Following Years of Governance Failures, Court Orders UDF IV to Hold Trustees Election in 2024

Retrieved on: 
Lundi, avril 22, 2024
Investment, Fair Fund, UDF, Trustee, Court, Circuit court, Judgement, Annual general meeting, Fraud, Security (finance)

DALLAS, April 22, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC ("NexPoint") today announced its intent to nominate a slate of four independent trustees for election to the Board of Trustees of United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust in which NexPoint is a significant shareholder. This follows an order from the Circuit Court for Baltimore City (the "Court") requiring UDF IV to hold an Annual Meeting on or before December 31, 2024, during which four of the five trustees must stand for election. 

Key Points: 
  • This follows an order from the Circuit Court for Baltimore City (the "Court") requiring UDF IV to hold an Annual Meeting on or before December 31, 2024, during which four of the five trustees must stand for election.
  • "NexPoint is pleased that the Court ruled that shareholders have a right to elect all independent trustees of UDF IV in 2024.
  • Earlier this year, amid litigation initiated by NexPoint, UDF IV removed indefensible bylaw restrictions limiting the shareholders' ability to nominate Board candidates.
  • Additionally, in February, NexPoint highlighted further shareholder mistreatment associated with the distribution of Fair Fund settlement payments to certain UDF IV shareholders.

Gardners Candies Unveils Ambitious National Grocery and Convenience Store Growth Plan

Retrieved on: 
Mardi, mars 26, 2024
Cream, Giant, Pennsylvania State University, Yogi, Gardners Books, CVS, Growth, UDF, The Giant Company, Sheetz, GetGo, Giant Eagle, Grocery store

TYRONE, Pa., March 26, 2024 (GLOBE NEWSWIRE) -- Gardners Candies, Inc., the legendary Pennsylvania-based chocolatier, is launching an aggressive strategy to infiltrate grocery and convenience store shelves across the nation.

Key Points: 
  • TYRONE, Pa., March 26, 2024 (GLOBE NEWSWIRE) -- Gardners Candies, Inc., the legendary Pennsylvania-based chocolatier, is launching an aggressive strategy to infiltrate grocery and convenience store shelves across the nation.
  • Gardners Candies products are already sold in more than 150 retail locations, including Sheetz, Giant Eagle, GetGo, Giant Food Stores and CVS.
  • The brand is focusing on introducing its iconic, premium confections to customers of Wawa, Kroger, Publix, UDF and Menard’s, as well as other national grocers and convenience store operators.
  • “With Jim’s leadership and our new manufacturing capacity, Gardners Candies is poised to become a true national brand."

NexPoint Comments on United Development Funding (UDF IV) Bylaw Change and Litigation

Retrieved on: 
Jeudi, février 8, 2024
Fraud, The Company, NAV, Empowerment, Plague, UDF, Annual general meeting, Fair Fund, Security (finance)

DALLAS, Feb. 8, 2024 /PRNewswire/ -- NexPoint Advisors, L.P., (together with its affiliates "NexPoint"), a Dallas-based alternative investment firm, today commented on recent corporate bylaw amendments enacted by United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust in which NexPoint is a significant shareholder, and on ongoing litigation between the parties. The changes to UDF IV's bylaws include the removal of indefensible restrictions that the Board of Trustees previously enacted, which limited the ability of shareholders to propose nominees to the Board.

Key Points: 
  • The latest example of shareholder mistreatment arises from the 2018 SEC settlement with certain executives of UDF IV's external advisor, including Hollis Greenlaw.
  • The amount was to be deposited into a "Fair Fund" and distributed to investors who owned shares between 2011-2015.
  • The eligible shareholders who recently received their Fair Fund distributions mistakenly believe these funds were disgorged by the advisor's executives.
  • NexPoint continues to seek recovery of these and other improper indemnification payments through litigation in Texas.

H2O.ai Announces Breakthrough in Reducing Cost of Inferencing with Snowflake Integration

Retrieved on: 
Mercredi, janvier 31, 2024
Data Management, Technology, Apps, Applications, Artificial Intelligence, Software, Cloud, Multimedia, Progressive Corporation, PayPal, Workflow, AES, Human, AI, ADP, Synthetic media, Machine learning, UDF, Good, Enterprise, Commonwealth Bank, Document, Generative, Document AI, AT&T, Organization, Health, Movement, Retail

H2O.ai , the open source leader in Generative AI and machine learning, today announced a significant breakthrough in reducing the cost of inferencing through its integration with the Snowflake Data Cloud.

Key Points: 
  • H2O.ai , the open source leader in Generative AI and machine learning, today announced a significant breakthrough in reducing the cost of inferencing through its integration with the Snowflake Data Cloud.
  • View the full release here: https://www.businesswire.com/news/home/20240129636509/en/
    The company's latest innovations, H2O.ai eScorer and its Snowflake Integration, enable organizations to deploy machine learning models directly into Snowflake as a user-defined function (UDF).
  • "With H2O.ai scoring optimized for Snowflake, we are reducing the cost of inferencing by 3000%," said Sri Ambati, CEO and co-founder of H2O.ai.
  • "With H2O.ai eScorer, we are confident that we can help organizations to improve their bottom line by reducing the cost of inferencing and improving efficiency."

United Development Funding IV Announces its Fourth Amended and Restated Bylaws

Retrieved on: 
Vendredi, janvier 19, 2024
UMTH, UDF, Audit committee, Practice of law

IRVING, Texas, Jan. 19, 2024 (GLOBE NEWSWIRE) -- On January 15, 2024, the Board of Trustees (the “Board”) of United Development Funding IV (the “Trust”) approved the Fourth Amended and Restated Bylaws of the Trust (the “Fourth Amended and Restated Bylaws”).

Key Points: 
  • IRVING, Texas, Jan. 19, 2024 (GLOBE NEWSWIRE) -- On January 15, 2024, the Board of Trustees (the “Board”) of United Development Funding IV (the “Trust”) approved the Fourth Amended and Restated Bylaws of the Trust (the “Fourth Amended and Restated Bylaws”).
  • The following summary of the Fourth Amended and Restated Bylaws is subject to and qualified in its entirety by reference to the text of the Fourth Amended and Restated Bylaws, which is available on the UDF website at https://udfonline.com/investors/ .
  • The Fourth Amended and Restated Bylaws were revised to:
    Revise the definition of “Independent Trustee” to read as follows: an “Independent Trustee” (i) is not an employee of UMTH General Services, L.P., (ii) is not involved in the Trust’s day to day activities and (iii) meets the qualifications of an independent Trustee (not including the specific independence requirements applicable only to members of the Audit Committee of the Board of Trustees) under the applicable rules of the Nasdaq Stock Market, LLC, regardless of whether any securities of the Trust are listed on the Nasdaq Stock Market, LLC, as well as the applicable rules of each national securities exchange on which any securities of the Trust are then listed or over-the-counter market on which any securities of the Trust are then traded, in each case, as such rules may be amended from time to time.

YOFC Showcases Optical Communication Innovations at SCTE CABLE-TEC EXPO® 2023

Retrieved on: 
Jeudi, octobre 26, 2023
IP68, ODN, OM4, Obstruction, SCTE, MPO, Multimedia, UDF, Data-rate units, AOC, Communication, Limited company, Cable television, Rope, Video game, Colorado Convention Center

DENVER, Oct. 25, 2023 /PRNewswire/ -- Yangtze Optical Fibre and Cable Joint stock Limited Company (YOFC) showcased its advanced optical fibres, new optical cable variants, high-density data center solutions, and streamlined F.ODN pre-connected solution at SCTE CABLE-TEC EXPO® 2023, which took place at the Colorado Convention center in Denver, Colorado, from October 16th to 19th.

Key Points: 
  • DENVER, Oct. 25, 2023 /PRNewswire/ -- Yangtze Optical Fibre and Cable Joint stock Limited Company (YOFC) showcased its advanced optical fibres, new optical cable variants, high-density data center solutions, and streamlined F.ODN pre-connected solution at SCTE CABLE-TEC EXPO® 2023, which took place at the Colorado Convention center in Denver, Colorado, from October 16th to 19th.
  • In response to the network construction needs in global markets, YOFC showcased optical cables and application solutions that meet different network scenarios.
  • The SCTE CABLE-TEC EXPO® 2023 provides YOFC an excellent opportunity to showcase its cutting-edge products and services to a global audience.
  • As a forefront leader in the optical communication industry, YOFC is fervently focused on championing the symbiotic growth of optical communication technologies.

TRON added to Google Cloud’s BigQuery Public Blockchain Datasets

Retrieved on: 
Mercredi, octobre 4, 2023
TRON, Cloud, Google Cloud Platform, Data, BigQuery, UDF, SQL, Google Cloud, Machine learning, Cryptocurrency, Mobile phone

Geneva, Switzerland / October 3, 2023 - The TRON dataset has been added to Google Cloud's expanding roster of public blockchain datasets available in BigQuery.

Key Points: 
  • Geneva, Switzerland / October 3, 2023 - The TRON dataset has been added to Google Cloud's expanding roster of public blockchain datasets available in BigQuery.
  • Google Cloud’s BigQuery is a fully-managed, serverless data warehouse that enables fast SQL queries using the processing power of Google’s infrastructure.
  • It allows users to analyze large datasets in real-time by leveraging the power of Google Cloud’s infrastructure and machine learning capabilities.
  • With the vast amount of data TRON processes, the recent inclusion of TRON into Google Cloud's BigQuery public datasets enables users to analyze on-chain transaction histories seamlessly.

United Development Funding IV Announces Third Quarter Distribution and Date of Virtual Annual Shareholder Meeting

Retrieved on: 
Jeudi, août 31, 2023
Annual Meetings of the International Monetary Fund and the World Bank Group, UDF, Annual general meeting, Trustee, Rare-earth element, Security (finance)

Additionally, UDF IV announced that its Annual Meeting of Shareholders (the “Annual Meeting”) will be held on Friday, December 15, 2023, at 10:00 am CT.

Key Points: 
  • Additionally, UDF IV announced that its Annual Meeting of Shareholders (the “Annual Meeting”) will be held on Friday, December 15, 2023, at 10:00 am CT.
  • The Annual Meeting will be held in a virtual-only format.
  • The record date for shareholders entitled to receive notice of and vote at the Annual Meeting is the close of business on Monday, September 18, 2023.
  • Further information regarding the Annual Meeting, including details confirming how shareholders of record can access the December 15 virtual Annual Meeting and vote shares during the meeting or authorize proxies to vote shares before the meeting, will be set forth in the UDF IV proxy statement for the Annual Meeting, which is expected to be provided to shareholders in October 2023.

Ukraine Recovery Conference

Retrieved on: 
Mercredi, juin 21, 2023
Tattarang, Human, White House, Partnership, Ukraine Recovery Conference, Nigerian Capital Development Fund, Marshall Plan, Farmer, Agriculture, BlackRock, Risk management, UDF, OECD, Plan, Finance, World Bank, Carbon, USD, Andrew Forrest, Victory Day over Nazism in World War II, White, Government, Thought, Public sector, Grain, Cabinet, Memorandum of understanding, Fund, Conference, 2010 Ukrainian government formation, Cryptocurrency

LONDON, June 21, 2023 /PRNewswire/ -- Dr Andrew Forrest AO, the Chairman of Tattarang, is leading the investment of USD$500 million in founding funding for the official 'Ukraine Development Fund' (UDF) at the Ukraine Recovery Conference 2023 jointly hosted by Prime Minister Rishi Sunak and President Volodymyr Zelenskyy.

Key Points: 
  • LONDON, June 21, 2023 /PRNewswire/ -- Dr Andrew Forrest AO, the Chairman of Tattarang, is leading the investment of USD$500 million in founding funding for the official 'Ukraine Development Fund' (UDF) at the Ukraine Recovery Conference 2023 jointly hosted by Prime Minister Rishi Sunak and President Volodymyr Zelenskyy.
  • We will not only rebuild Ukraine but also make it an attractive place for global business as a major European green economy.
  • It will complement the work of Ukraine and its public sector partners and build confidence in Ukraine as an investment destination.
  • This will position the rebuilding of Ukraine not as simply a recovery, but as a major opportunity for national renewal.

Ukraine Recovery Conference

Retrieved on: 
Mercredi, juin 21, 2023
Tattarang, Human, White House, Partnership, Ukraine Recovery Conference, Nigerian Capital Development Fund, Marshall Plan, Farmer, Agriculture, BlackRock, Risk management, UDF, OECD, Plan, Finance, World Bank, Carbon, USD, Andrew Forrest, Victory Day over Nazism in World War II, White, Government, Thought, Public sector, Grain, Cabinet, Memorandum of understanding, Fund, Conference, 2010 Ukrainian government formation, Cryptocurrency

LONDON, June 21, 2023 /PRNewswire/ -- Dr Andrew Forrest AO, the Chairman of Tattarang, is leading the investment of USD$500 million in founding funding for the official 'Ukraine Development Fund' (UDF) at the Ukraine Recovery Conference 2023 jointly hosted by Prime Minister Rishi Sunak and President Volodymyr Zelenskyy.

Key Points: 
  • LONDON, June 21, 2023 /PRNewswire/ -- Dr Andrew Forrest AO, the Chairman of Tattarang, is leading the investment of USD$500 million in founding funding for the official 'Ukraine Development Fund' (UDF) at the Ukraine Recovery Conference 2023 jointly hosted by Prime Minister Rishi Sunak and President Volodymyr Zelenskyy.
  • We will not only rebuild Ukraine but also make it an attractive place for global business as a major European green economy.
  • It will complement the work of Ukraine and its public sector partners and build confidence in Ukraine as an investment destination.
  • This will position the rebuilding of Ukraine not as simply a recovery, but as a major opportunity for national renewal.