On May 14, 2021, NexPoint Strategic Opportunities Fund announced the extension of the offering period for its previously announced offer to purchase any and all Shares of United Development Funding IV at a price of $1.10 per Share upon the terms and subject to the conditions set forth in the Offer to Purchase and in the related Assignment Form for the offer. The Offer is now scheduled to on June 11, 2021, unless the Offer is extended or earlier terminated. Further, NexPoint Strategic Opportunities Fund is a closed ended balanced mutual fund launched by Highland Capital Management, L.P. It is managed by Nexpoint Advisors, L.P.