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United Development Funding Income Fund V (“UDF V”) is a real estate investment trust (REIT)1 formed to generate current interest income by investing in secured loans and producing profits from investments in residential real estate.2
* This program does not own the property pictured. The property serves as the underlying collateral for a loan held by UDF V.
1 UDF V intends to elect and qualify as a REIT commencing with the taxable year ending December 31, 2015. Our failure to qualify or remain qualified as a REIT would result in higher taxes, may adversely affect our operations, would reduce the amount of income available for distribution and would limit our ability to make distributions to our shareholders.
2 There can be no assurance that any of these objectives will be met. There is no guarantee that investors will receive a distribution. Distributions have been paid from sources other than cash flow from operations, including proceeds, borrowings or the sale of assets.