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Will Riley scored a game-high 19 points off the bench as No. 25 Illinois shrugged off a slow start to earn an 87-40 nonconference victory over Maryland Eastern Shore on Saturday afternoon in Champaign, Ill. Morez Johnson Jr. recorded his first double-double with 10 points and 13 rebounds, Kylan Boswell posted 13 points and Tomislav Ivisic contributed 11 for Illinois (4-1). Coming off a 100-87 loss to No. 8 Alabama on Wednesday, the Illini led by as much as 52 despite hitting just 10-of-40 3-point attempts. Jalen Ware paced Maryland Eastern Shore (2-6) with 10 points before fouling out. Ketron "KC" Shaw, who entered Saturday in the top 20 of Division I scorers at 22.3 points per game, went scoreless in the first half and finished with seven points on 2-of-11 shooting. The Hawks canned just 22.1 percent of their shots from the floor. Illinois broke out to a 6-0 lead in the first 2:06, then missed its next six shots. That gave the Hawks time to pull into an 8-8 tie on Evan Johnson's 17-foot pullup at the 12:21 mark. That marked Maryland Eastern Shore's last points for more than seven minutes as the Illini reeled off 17 straight points to remove any suspense. Johnson opened the spree with a basket and two free throws, Ben Humrichous swished a 3-pointer and Tre White sank a layup before Kasparas Jakucionis fed Ivisic for a 3-pointer and an alley-oop layup. Jakucionis set up Johnson for a free throw, then drove for an unchallenged layup to make it 25-8 with 5:15 left in the first. Evan Johnson snapped the visitors' dry spell with a driving layup at the 4:56 mark, but Illinois went on to establish a 35-15 halftime lead on the stretch of 11 offensive rebounds that turned into 12 second-chance points and 13 points off UMES' 10 turnovers. Maryland Eastern Shore needed nearly four minutes to get its first points in the second half as Illinois pushed its lead to 42-15. The Illini margin ballooned all the way to 70-24 on Boswell's driving layup with 8:11 to go. --Field Level Media
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On Wednesday, Atea Pharmaceuticals, Inc. AVIR released Phase 2 study data from the regimen of bemnifosbuvir and ruzasvir for the hepatitis C virus infection that causes liver swelling and can lead to serious liver damage . The study met its primary endpoints of safety and sustained virologic response at 12 weeks post-treatment (SVR12). Primary endpoint results demonstrated a 98% (208/213) SVR12 rate in the per-protocol treatment adherent patient population after eight weeks of treatment with a regimen of bemnifosbuvir and ruzasvir. Also Read: Atea Pharmaceuticals’ COVID-19 Treatment Flunks In Late-Stage Study, Blames’ Constantly Evolving’ Virus The efficacy evaluable patient population, which included 17% treatment non-adherent patients, achieved a 95% (242/256) SVR12 rate demonstrating the potency and forgiveness of the regimen. In June, Atea Pharmaceuticals shared new data from the lead-in cohort (n=60) of its ongoing Phase 2 combination study of bemnifosbuvir and ruzasvir for hepatitis C virus . The regimen was generally safe and well-tolerated, with no drug-related serious adverse events or treatment discontinuations. Full data for the Phase 2 study will be presented at a scientific meeting during the first half of 2025. In the Phase 2 study, 99% (178/179) of treatment-adherent patients who were non-cirrhotic and infected with genotypes 1-4 achieved SVR12, demonstrating robust pan-genotypic potency and supporting an eight-week treatment in the Phase 3 program. Treatment adherent patients with cirrhosis achieved a 88% (30/34) SVR12 rate. Viral kinetics were slower in these cirrhotic patients. However, all patients achieved 100% end-of-treatment response. To maximize efficacy, the Phase 3 program will extend treatment duration to 12 weeks in patients with cirrhosis. Atea is preparing for the Phase 3 program, which is expected to follow an End of Phase 2 meeting with the FDA anticipated for early 2025. The Phase 3 program is expected to use a fixed-dose combination tablet, reducing the daily pill count from four to two tablets and enhancing patient convenience, with no food effect. Price Action: AVIR stock is down 9.63% at $3.15 at the last check on Wednesday. Read Next: Southland Holdings Lands $60M Wastewater Deal: Details © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.MINNEAPOLIS (AP) — Donte DiVincenzo scored 26 points as the Minnesota Timberwolves defeated the San Antonio Spurs 112-110 on Sunday night. Rudy Gobert had 17 points and 15 rebounds for the Timberwolves, won won their third straight. Julius Randle had 16 points, while Jaden McDaniels added 12 points and 10 boards for Minnesota. Anthony Edwards, who earlier in the day was fined $100,000 for continued use of profanity in postgame media comments, was held to 14 points, 11 below his season average. After DiVincenzo made one of two free throws with 12.1 seconds left, the Spurs had one more possession down 112-110. San Antonio found a wide-open Jeremy Sochan for 3, but he came up short. Wembanyama led San Antonio with 34 points and eight rebounds. Harrison Barnes had 24 points, Devin Vassell had 22 and Chris Paul dished out 14 assists. Spurs: Trailing by 13 early in the third quarter, Wembanyama keyed a 16-4 run by showcasing his diverse offensive skills. He scored in the low post, hit a 3, made a pair of free throws and drained two midrange jumpers. Timberwolves: Minnesota survived a brutal shooting night from 3-point range, making just 11 of 44 attempts from beyond the arc. DiVincenzo was 5 for 10, but Edwards and Randle combined to go 1 for 16. With 4:44 to play and the game tied at 101, Randle made a driving layup against Wembanyama that was initially whistled for an offensive foul. Timberwolves coach Chris Finch challenged the call, and the basket was allowed to stand. Minnesota didn't trail the rest of the way. In the first quarter, the Timberwolves made just 1 of 11 3-point attempts but went 9 for 9 inside the arc. The Spurs host the Clippers, and the Timberwolves visit Oklahoma City on Tuesday. AP NBA: https://apnews.com/hub/nbaI’ve played so many survival and crafting games that I have the opening routine down to a science. Here’s how it usually goes: I wake up in a new environment and get straight to punching trees. Sometimes, I don’t even get to punch trees — I have to pick up sticks and rocks and make a makeshift axe, and then I can start chopping down trees to get logs. I am so tired of punching trees and gathering sticks. Overthrown , a wacky kingdom-building simulator designed to be enjoyed with friends, manages to shake up that stale formula. The first thing I do in Overthrown is claim a crown marked with a beam of light, which seems like a poor system of government, but it lets me find my footing. Then, I have to start getting some wood to start building my settlement. Sure enough, I have to punch trees, but developer Brimstone made the basic movement and combat of this game smooth and quick. So I don’t just punch trees; I combo-strike them, spin dash into them, and beat the shit out of those mighty oaks. I don’t have to upgrade my axe to level 3 to attack a big tree; I just need to pummel it persistently. Once the tree falls, the log rolls away, and I have to chase it down and hope it doesn’t tumble down a cliff. I can also pick the log up and throw it into a sawmill to get instantly ground up into wood chunks. Convenient! This is the big appeal of Overthrown ; it’s got room for a lot of physics-based antics. As I build up my base, I can move an awkwardly placed building by picking it up and tossing it. My base attracts NPC villagers, who help out with the day-to-day jobs. I can pick them up too, so if someone’s a little too sleepy, I can simply hurl them into bed like the benevolent monarch I am. Overthrown just entered early access, and I haven’t had the chance to try it out with a pack of pals, so I’ll have to see whether the game continues to tickle my funny bone. For now, I’m just pleased that I don’t have to gather sticks and painstakingly build my first axe. If you’re going to make me punch trees, at least make punching trees a little bit novel. Gaming Impressions PC
WASHINGTON (AP) — A lead organization monitoring for food crises around the world withdrew a new report this week warning of imminent famine in north Gaza under what it called Israel's “near-total blockade,” after the U.S. asked for its retraction, U.S. officials told the Associated Press. The move follows public criticism of the report from the U.S. ambassador to Israel. The rare public dispute drew accusations from prominent aid and human-rights figures that the work of the U.S.-funded Famine Early Warning System Network , meant to reflect the opinion of unbiased international experts, has been tainted by politics. A declaration of famine would be a great embarrassment for Israel, which has insisted that its 15-month war in Gaza is aimed against the Hamas militant group and not against its civilian population. U.S. ambassador to Israel Jacob Lew earlier this week called the warning by the internationally recognized group inaccurate and “irresponsible ." Lew and the U.S. Agency for International Development, which funds the monitoring group, both said the findings failed to properly account for rapidly changing circumstances in north Gaza. Humanitarian and human rights officials expressed fear of U.S. political interference in the world's monitoring system for famines. The U.S. Embassy in Israel and the State Department declined comment. FEWS officials did not respond to questions. “We work day and night with the U.N. and our Israeli partners to meet humanitarian needs — which are great — and relying on inaccurate data is irresponsible,” Lew said Tuesday. USAID confirmed to the AP that it had asked the famine-monitoring organization to withdraw its stepped-up warning issued in a report dated Monday. The report did not appear among the top updates on the group's website Thursday, but the link to it remained active . The dispute points in part to the difficulty of assessing the extent of starvation in largely isolated northern Gaza. Thousands in recent weeks have fled an intensified Israeli military crackdown that aid groups say has allowed delivery of only a dozen trucks of food and water since roughly October. FEWS Net said in its withdrawn report that unless Israel changes its policy, it expects the number of people dying of starvation and related ailments in north Gaza to reach between two and 15 per day sometime between January and March. The internationally recognized mortality threshold for famine is two or more deaths a day per 10,000 people. FEWS was created by the U.S. development agency in the 1980s and is still funded by it. But it is intended to provide independent, neutral and data-driven assessments of hunger crises, including in war zones. Its findings help guide decisions on aid by the U.S. and other governments and agencies around the world. A spokesman for Israel's foreign ministry, Oren Marmorstein, welcomed the U.S. ambassador's public challenge of the famine warning. “FEWS NET - Stop spreading these lies!” Marmorstein said on X . In challenging the findings publicly, the U.S. ambassador "leveraged his political power to undermine the work of this expert agency,” said Scott Paul, a senior manager at the Oxfam America humanitarian nonprofit. Paul stressed that he was not weighing in on the accuracy of the data or methodology of the report. “The whole point of creating FEWS is to have a group of experts make assessments about imminent famine that are untainted by political considerations,” said Kenneth Roth, former executive director of Human Rights Watch and now a visiting professor in international affairs at Princeton University . “It sure looks like USAID is allowing political considerations -- the Biden administration’s worry about funding Israel’s starvation strategy -- to interfere." Israel says it has been operating in recent months against Hamas militants still active in northern Gaza. It says the vast majority of the area’s residents have fled and relocated to Gaza City, where most aid destined for the north is delivered. But some critics, including a former defense minister, have accused Israel of carrying out ethnic cleansing in Gaza’s far north, near the Israeli border. North Gaza has been one of the areas hardest-hit by fighting and Israel’s restrictions on aid throughout its war with Hamas militants. Global famine monitors and U.N. and U.S. officials have warned repeatedly of the imminent risk of malnutrition and deaths from starvation hitting famine levels. International officials say Israel last summer increased the amount of aid it was admitting there, under U.S. pressure. The U.S. and U.N. have said Gaza’s people as a whole need between 350 and 500 trucks a day of food and other vital needs. But the U.N. and aid groups say Israel recently has again blocked almost all aid to that part of Gaza. Cindy McCain , the American head of the U.N. World Food Program, previously called for political pressure to get food flowing to Palestinians there. Israel says it places no restrictions on aid entering Gaza and that hundreds of truckloads of goods are piled up at Gaza’s crossings and accused international aid agencies of failing to deliver the supplies. The U.N. and other aid groups say ongoing combat, looting and insufficient security by Israeli troops make it impossible to deliver aid effectively. Lew, the U.S. ambassador, said the famine warning was based on “outdated and inaccurate” data. He pointed to uncertainty over how many of the 65,000-75,000 people remaining in northern Gaza had fled in recent weeks, saying that skewed the findings. FEWS said in its report that its famine assessment holds even if as few as 10,000 people remain. USAID in its statement to AP said it had reviewed the report before it became public, and noted “discrepancies” in population estimates and some other data. The U.S. agency had asked the famine warning group to address those uncertainties and be clear in its final report to reflect how those uncertainties affected its predictions of famine, it said. “This was relayed before Ambassador Lew’s statement,” USAID said in a statement. “FEWS NET did not resolve any of these concerns and published in spite of these technical comments and a request for substantive engagement before publication. As such, USAID asked to retract the report.” Roth criticized the U.S. challenge of the report in light of the gravity of the crisis there. “This quibbling over the number of people desperate for food seems a politicized diversion from the fact that the Israeli government is blocking virtually all food from getting in,” he said, adding that “the Biden administration seems to be closing its eyes to that reality, but putting its head in the sand won’t feed anyone.” The U.S., Israel’s main backer, provided a record amount of military support in the first year of the war. At the same time, the Biden administration repeatedly urged Israel to allow more access to aid deliveries in Gaza overall, and warned that failing to do so could trigger U.S. restrictions on military support. The administration recently said Israel was making improvements and declined to carry out its threat of restrictions. Military support for Israel’s war in Gaza is politically charged in the U.S., with Republicans and some Democrats staunchly opposed any effort to limit U.S. support over the suffering of Palestinian civilians trapped in the conflict. The Biden administration’s reluctance to do more to press Israel for improved treatment of civilians undercut support for Democrats in last month’s elections. Sam Mednick and Josef Federman in Jerusalem contributed to this report.Rust Left Off Team USA, No New Penguins Names on Team Canada
GOB introduces new digital immigration and customs declaration systemNASA's 2 stuck astronauts face more time in space with return delayed until at least late March
NC Rep. Patrick McHenry went from ‘rabble-rouser’ to ‘elder statesman.’ Now he’s moving onDespite some disagreements, city councillors swiftly approved Richmond’s proposed capital budget for 2025. On Monday evening, councillors at the finance committee discussed and carried next year's $152.6 million budget for 78 capital projects – Coun. Michael Wolfe was the only councillor who was opposed. Discussion around the construction of pickleball courts took some of the spotlight in the meeting. The capital budget includes an $800,000 project to construct four new pickleball courts at South Arm Community Park. The staff report reads “pickleball is the fastest growing sport in North America,” as it features a low barrier to entry and a social playing environment. This project will bring the total number of public pickleball courts in Richmond to 13. Coun. Bill McNulty opened the floor on the pickleball discussion by asking staff if there was any possibility to build more courts with the $800,000 price tag. “Will that $800,000 go further? Can we squeeze more courts in for that?” he asked – to which staff responded the infrastructure to support the courts is a factor that drives up costs. Staff added constructing four courts for that price tag is already a squeeze, as the new courts will be located near existing pickleball-court infrastructure. “It’s a pity we can’t afford more at this time,” said Coun. McNulty. Coun. Alexa Loo also questioned staff on the price and on the possibility of building more courts. “It seems expensive; it seems to me we were able to build that pump track that seemed to have a lot more stuff going on for a lot less money,” said Loo. “Four pickleball courts basically fit on a tennis court, so is it gold?” Staff reiterated components such as sound attenuation, location, surfacing, lighting and proximity to amenities comes at a higher dollar value than a typical park project. Loo also compared the price tag of the pickleball court project to the curling club. “There’s 700 (pickleball) members, so for $800,000 you can get a whole bunch of them playing,” she said. “Versus if we look at how much the curling club is, it’s $4 million and there’s fewer than 300 members; so we’re spending a lot of money on a few people.” Coun. Kash Heed closed the pickleball discussion by encouraging other councillors to move forward with the budget. “I don’t agree with everything for 2025, but at the end of the day I think this is a decent capital budget put forward by our staff,” said Heed. “We can study the depth of pickleball courts for years, it’s $800,000, we’ve agreed to it, let’s move forward.” All councillors voted in favour of the capital budget except Wolfe, citing two reasons. The first was because of the funding source of a proposed $5 million fire vehicle replacement reserve purchases project in the budget, which will replace four front-line fire vehicles and a high-flow industrial pumper. According to the staff report, the total replacement cost for the vehicles is $11 million, but additional funding of $5 million is needed to complete previous submissions due to price escalations. This additional funding will be sourced from the emergency response fuel facility reserve. “As I mentioned a few weeks ago, it’s not the $5 million cost... it’s the funding source,” said Wolfe. “I don’t see why there was any need to use the emergency response fuel facility reserve... we’re draining $5 million out of something that was intended for something else.” The second was the inclusion of phase one of a $2.5 million public safety camera system (PSCS) consisting of installing 48 high definition cameras at 10 intersections across Richmond – this first phase will have an annual operating budget of about $180,000. “I’m not supportive of the capital budget because it includes that,” said Wolfe. “And it’s just phase one of what I anticipate will be a $13 million or more total project with a very high operating budget impact going forward.” Other projects highlighted in the 2025 capital budget included $7 million to install electric vehicle stations throughout Richmond, $4.5 million to renew the Richmond Ice Centre’s interior and $1.5 million to renew the Hugh Boyd Community Park playground. The capital and operating budgets are also on the agenda for Monday's city council meeting . - with files from Valerie Leung and Maria Rantanen Got an opinion on this story or any others in Richmond? Send us a letter or email your thoughts or story tips to [email protected] . To stay updated on Richmond news, sign up for our daily headline newsletter . Words missing in article? Your adblocker might be preventing hyperlinked text from appearing.Dometic already set us down the path of ditching our precious Pelican and in favor of (or “electric coolers,” if you like) for overlanding and car camping. Now, the company is upping the ante yet again with its premium CFX5 lineup. The CFX5 series is the big brother to Dometic’s existing CFX2 line of budget-friendly portable fridges. That means it is more expensive, but it’s also better in every way. According to the brand, the biggest upgrade is in the use of Vacuum Insulated Panels (VIP), a technology that reduces weight and saves energy. Translation: Lighter, more efficient fridges. VIPs allow Dometic to use thinner insulated panels, which cut the bulk and to make its latest and greatest fridges even more compact. Dometic is also touting a much-improved compressor. The new VMSO 3.5 (that’s “variable motor speed optimization”) auto adjusts its output to maintain the desired temperature. That means it only works as hard as it has to conserve energy and provide a more consistent interior temp. Other features exclusive to the CFX5 series include a high-res color display, an alert when the lid isn’t closed properly, and an 18-watt QC 3.0 USB port for fast charging your smaller tech gadgets without wasting the otherwise used port on your . The Dometic CFX5 series portable fridge is available right now via and directly from . It’s available in five sizes, including the entry-level, 25-liter option ($800 MSRP) and the flagship 95DZ — a 95-liter monster with dual-zone fridge/freezer capabilities for $1,400. 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Voting “FOR” ONLY the Board’s Four Nominees on the WHITE proxy Card Will Help Ensure that Shareholders Realize the Significant Value Expected from UDF IV’s Transaction with Ready Capital Troubling Pattern of Value Destruction at NexPoint-Managed Funds Should Raise Concerns for Shareholders Visit UDFForshareholders.com for Voting Instructions and Other Information IRVING, Texas, Dec. 04, 2024 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) today reminds all shareholders to vote on the WHITE proxy card “FOR” the Board’s four highly qualified nominees - Steven J. Finkle, Lawrence S. Jones, J. Heath Malone and Phillip K. Marshall - in advance of the 2024 Annual Meeting of Shareholders (the “Annual Meeting”), which will be held on December 10, 2024. Shareholders are encouraged to visit UDFForShareholders.com for more information and voting instructions. As shareholders consider their vote, UDF IV reminds them that: On December 2, UDF IV announced that it has entered into an agreement to be acquired by Ready Capital Corporation (RC) (“Ready Capital”), a leading multi-strategy real estate finance company. UDF IV shareholders may receive up to $5.89 per share as a result of the transaction with Ready Capital through a combination of pre-closing distributions of UDF IV’s balance sheet cash up to $2.44 per share; 0.416 shares issued by Ready Capital at the transaction closing per UDF IV share, with an implied value of $3.07 per share based on Ready Capital’s closing share price on November 29, 2024; and contingent value rights issued by Ready Capital at the transaction closing to receive contingent consideration over time estimated to be up to $0.38 per UDF IV share. This consideration is more than five times the bargain basement price of $1.10 per share that NexPoint Real Estate Opportunities, LLC, an indirect subsidiary of NexPoint Diversified Real Estate Trust (NXDT, and collectively with its affiliates, “NexPoint”) offered UDF IV shareholders in its unsuccessful attempt to take control of the Trust just a few years ago. If NexPoint gains control of the Board and the Trust, NexPoint will be in a position to deprive shareholders of the value and liquidity you will receive from the Ready Capital transaction the current Board has negotiated and approved. Do not be misled – supporting NexPoint’s dissident trustees will enable NexPoint to continue to implement what we expect will be a self-serving, value destructive agenda. NexPoint has not presented a single viable plan that we believe would enhance value. NexPoint’s nominations for a controlling slate of dissident trustees at the Annual Meeting is part of an ongoing, self-interested campaign, which we believe is aimed at extracting the value of the Trust’s portfolio for its own benefit and to the detriment of all other shareholders. There is a troubling pattern of value destruction at funds managed by NexPoint. Shareholders are encouraged to read the full letter which outlines the recent poor performance and stock price declines at NexPoint-managed funds, including: NXDT, which continues to perform poorly, with losses of over $246 million since July 2022 and a 60% share price decline over the two year period ending November 21, 2024; and An affiliated NexPoint-managed fund, Highland Opportunities and Income Fund (HFRO), whose stock price similarly declined approximately 54% over the two year period ending November 21, 2024 and was recently trading near its all-time low. The Future of Your Investment in UDF IV is at Stake – Vote on the WHITE proxy card TODAY to Protect Your Investment Remember that only your latest dated proxy counts and that a vote on the green proxy card to “WITHHOLD” on the NexPoint nominees could revoke your votes “FOR” the UDF IV nominees on the WHITE proxy card. Please simply discard any green proxy card sent to you by NexPoint and vote every UDF IV WHITE proxy card you receive as you may hold your shares in multiple accounts. Shareholders have the opportunity to allow UDF IV to continue its work to protect and enhance shareholder value by reelecting the four independent Trustees - Steven J. Finkle, Lawrence S. Jones, J. Heath Malone and Phillip K. Marshall - who oversee our efforts to protect the value of your investment. We urge you to vote “FOR” ONLY the four nominees proposed by the Board of Trustees on the WHITE proxy card included in the enclosed UDF IV proxy materials. UDF IV shareholders with questions or who require assistance with respect to voting their shares are encouraged to contact UDF IV’s proxy solicitor: INNISFREE M&A INCORPORATED Shareholders may call: 1 (877) 750-9496 (toll-free from the U.S. and Canada) +1 (412) 232-3651 (from other countries) ADDITIONAL INFORMATION ABOUT THE TRANSACTION WITH READY CAPITAL The Ready Capital transaction is expected to close in the first half of 2025, subject to the approval of UDF IV shareholders and other customary closing conditions. UDF IV expects to call a special meeting of its shareholders to approve the proposed transaction and to distribute a proxy statement and other documents to its shareholders in connection with the special meeting. Ready Capital expects to file with the SEC a registration statement on Form S-4, containing a prospectus and the UDF IV proxy statement, and other documents with respect to the proposed transaction. The Ready Capital prospectus and the UDF IV proxy statement will contain important information about the proposed transaction and related matters. WE URGE YOU TO READ THE REGISTRATION STATEMENT, THE PROSPECTUS AND THE UDF IV PROXY STATEMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS TO EACH OF THEM) AND OTHER RELEVANT DOCUMENTS FILED BY READY CAPITAL WITH THE SEC AND MADE AVAILABLE BY UDF IV CAREFULLY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT READY CAPITAL, UDF IV AND THE PROPOSED TRANSACTION. You may obtain free copies of the registration statement, the prospectus and other relevant documents filed by Ready Capital with the SEC (if and when they become available) through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by Ready Capital with the SEC are also available free of charge on Ready Capital's website at www.readycapital.com. UDF IV shareholders may obtain free copies of the proxy statement and other relevant documents made available by UDF IV free of charge on www.udfonline.com. About United Development Funding IV United Development Funding IV is a Maryland real estate investment trust. UDF IV was formed primarily to generate current interest income by investing in secured loans and producing profits from investments in residential real estate. Additional information about UDF IV can be found on its website at www.udfiv.com. UDF IV may disseminate important information regarding its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn. Forward-Looking Statements This release contains statements that constitute forward-looking statements relating to, among other things, the timing of the closing of the Ready Capital transaction, the estimated amount of the special dividend to be paid to UDF IV’s shareholders, the estimated contingent consideration expected to be paid and the potential future of UDF IV under NexPoint’s control. These forward-looking statements are based on management’s current expectations and are not guarantees of future performance or future events. Such forward-looking statements generally can be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” or other similar words. Readers should be aware that there are various factors, many of which are beyond UDF IV’s control, which could cause actual results to differ materially from any forward-looking statements made in this release including, among others, the results of the trustee elections at the Annual Meeting, the risk that the Ready Capital transaction will not be consummated within the expected time period or at all; the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement; the inability to obtain UDF IV shareholder approval of the transaction or the failure to satisfy the other conditions to completion of the transaction; risks that will affect the amount of the special dividend to UDF IV shareholders, including, among others, developments in litigation involving UDF IV; risks that will affect the amount of contingent consideration, if any, including, among others, the performance of specified UDF IV loans and developments in litigation involving UDF IV; risks related to disruption of management attention from the ongoing business operations due to the proposed transaction; the effect of the announcement of the proposed transaction on the operating results and businesses generally of Ready Capital and UDF IV; the outcome of any legal proceedings relating to the transaction; and the ability to retain key personnel. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this letter. UDF IV undertakes no obligation to update its forward-looking statements, whether as a result of new information, future events or otherwise. Investor Contact: Investor Relations 1-800-859-9338 investorrelations@umth.com Media Contact: Mahmoud Siddig / Lucas Pers / Dylan O’Keefe Joele Frank, Wilkinson Brimmer Katcher (212) 895-8668
Girls basketball: Bulldogs, Wolf Pack, Jaguars set for Lions Club/Tom Hawkins tournament