UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~November~~March 2816, ~~2017~~2018

United Development Funding Income Fund V

United Development Funding Income Fund V
(Exact Name of Registrant as Specified in Its Charter)

Maryland	000-55612	46-3890365
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

1301 Municipal Way, Suite 200, Grapevine, Texas 76051
(Address of principal executive offices)
(Zip Code)

(214) 370-8960
(Registrant’s telephone number, including area code)

None
(Former name or former address, if changed since last report)

(Exact Name of Registrant as Specified in Its Charter)

Maryland		000-55612		46-3890365
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

1301 Municipal Way, Suite 200, Grapevine, Texas

76051

(Address of principal executive offices)

(Zip Code)

(214) 370-8960

(Registrant’s telephone number, including area code)

1301 Municipal Way, Suite 100, Grapevine, Texas

76051

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒x

Item 78.01 ~~Regulation~~Other ~~FD Disclosure~~Events.

On ~~November~~March 2816, ~~2017~~2018, ~~United~~the ~~Development~~District ~~Funding~~Court, ~~L.P.,~~17th ~~United~~Judicial ~~Development~~District, ~~Funding~~Tarrant IICounty, ~~L.P.,~~Texas ~~United~~entered ~~Development~~an ~~Funding~~order ~~III,~~(the ~~L.P.,~~“Preliminary ~~United Development~~Approval ~~Funding~~Order”): ~~IV,~~(i) ~~United~~preliminarily ~~Development~~approving ~~Funding~~a ~~Income~~proposed ~~Fund~~settlement V,of ~~United~~the ~~Mortgage~~shareholder ~~Trust,~~derivative ~~United~~action ~~Development~~captioned The ~~Funding Land Opportunity Fund,~~Lawrence LC.~~P.,~~ ~~and~~Headley ~~United~~Living ~~Development~~Trust ~~Funding~~by ~~Land~~Lawrence ~~Opportunity Fund Investors, L.L.~~C. ~~(collectively~~Headley, ~~the~~Trustee, ~~“Plaintiffs”~~derivatively oron ~~“UDF Funds”)~~behalf ~~filed~~of aUnited ~~lawsuit~~Development inFunding ~~the~~Income ~~County~~Fund ~~Court~~V ofv. Hollis ~~Dallas~~M. ~~County~~Greenlaw, ~~Texas~~William ~~against J~~M. ~~Kyle~~Kahane, ~~Bass~~Phillip ~~(“Bass”)~~K. ~~and Hayman Capital Management~~Marshall, LEustace W.P. Mita, ~~Hayman~~Steven ~~Offshore~~J. ~~Management~~Finkle, ~~Inc~~Cara D. Obert, ~~Hayman~~UDFH ~~Capital~~General ~~Master Fund~~Services, L.P., ~~Hayman~~UDFH ~~Capital~~Land ~~Partners~~Development, L.P., ~~Hayman Capital~~UDF ~~Offshore Partners~~Holdings, L.P., and ~~Hayman~~United ~~Investments,~~Development ~~LLC,~~Funding ~~all~~Income ofFund ~~which~~V (Case ~~are~~No. ~~hedge~~017-289273-16) in ~~fund~~accordance ~~entities~~with ~~believed~~a toStipulation beof ~~under~~Settlement ~~the~~dated ~~control~~ as of ~~Bass~~February ~~(collectively with Bass~~27, 2018 (the “~~Defendants~~Stipulation”) orand (ii) approving for publication the ~~“Bass~~form ~~Entities~~and content of the proposed Notice of Pendency and Proposed Settlement of Derivative Action and Hearing (the “Notice”), prepared in both long-form and short-form formats. AThe ~~copy~~proposed ofsettlement ~~the~~is ~~Plaintiffs’~~subject to final approval ~~complaint~~at ~~can~~a behearing ~~found~~which atis ~~the~~currently ~~County~~scheduled ~~Court~~to oftake ~~Dallas~~place ~~County~~on May 1, ~~Texas~~2018 ~~website~~at ~~(https~~4:~~//courtsportal~~00 p.~~dallascounty~~m.~~org/DALLASPROD), using~~ before the ~~Case~~Honorable ~~No.~~Melody ~~CC-17-06253-B~~Wilkinson in the District Court, 17th Judicial District, Tarrant County, Texas.

~~The~~Pursuant ~~lawsuit~~to ~~alleges claims~~the ~~against Defendants for business disparagement, interference with contract, interference with prospective economic advantage~~Stipulation and ~~civil~~the ~~conspiracy.~~Preliminary InApproval ~~general~~Order, the ~~UDF~~Stipulation ~~Funds~~and ~~allege~~the ~~that~~long-form ~~the~~Notice ~~Bass~~are ~~Entities~~attached ~~made~~as ~~false~~Exhibits 99.1 and ~~disparaging~~99.2, ~~statements~~respectively, to –this ~~first anonymously~~Current Report on aForm ~~third~~8-~~party~~K. ~~website~~The Stipulation and ~~later~~Notice inalso ~~their~~are ~~own~~accessible ~~name~~via on a ~~proprietary~~link ~~website~~on ~~– about~~ the ~~business~~“Investors” page of the ~~UDF Funds~~United inDevelopment ~~order~~Funding toIncome ~~destroy~~Fund V (the ~~UDF~~“Trust”) ~~Funds’~~website, ~~business~~www.udfincomefundv.com. ~~The~~Other ~~UDF~~information ~~Funds~~contained in ~~further~~or ~~allege~~accessible ~~that~~through the ~~Bass~~Trust’s ~~Entities~~website ~~profited~~does ~~from~~not ~~the resulting~~constitute ~~damage~~part ~~to the business~~ of, ~~the~~and ~~UDF~~is ~~Funds~~not ~~because~~incorporated ~~the Bass Entities had~~into, ~~prior~~this toCurrent ~~the publication of the false statements,~~Report ~~established~~on aForm ~~large short position in the UDF Funds~~8-K.

~~The~~Use UDF Funds allege that the false and disparaging statements include statements designed to convey that the UDF Funds were a Ponzi scheme, that the UDF Funds had no genuine ability to carry on their business, that the UDF Funds’ insolvency would render their shares virtually worthless, that the UDF Funds’ real estate developments were not genuine developments, that the UDF Funds’ largest borrower was not an arm’s-length borrower and was also insolvent, and that investor proceeds were being misappropriated. The UDF Funds allege that all of ~~these assertions were false and that, in truth, the UDF Funds were a family of successful real estate investment funds engaged in genuine real estate development with arm’s~~Forward-~~length borrowers with a long track record of~~Looking ~~real estate development.~~Statements

~~The~~Except ~~lawsuit~~for ~~alleges~~the historical ~~that~~information ~~the~~contained ~~UDF~~herein, ~~Funds~~this ~~suffered~~Form ~~damage~~8-K ~~because~~contains forward-looking statements made pursuant to the ~~false~~“safe ~~statements~~harbor” provisions of the ~~Defendants~~Private ~~caused,~~Securities ~~among~~Litigation ~~other~~Reform ~~things,~~Act aof ~~sudden~~1995. ~~and~~Investors ~~severe~~are cautioned that statements in this Form 8-K regarding ~~loss~~(i) the proposed settlement and Stipulation, (ii) the impact of ~~credit~~such settlement, including related activities, approvals and ~~reduction~~payments, and in(iii) ~~capital~~other statements that ~~the~~are ~~UDF~~not ~~Funds~~historical ~~relied~~facts, onconstitute toforward-looking ~~carry~~statements. onThese ~~their~~statements ~~business~~involve ofrisks and ~~lending~~uncertainties that can cause actual results to ~~real~~differ ~~estate~~materially ~~developers for~~from ~~use~~those in ~~land~~such ~~acquisition~~forward-looking statements. These risks and ~~single-family~~uncertainties ~~home~~include, ~~developments.~~without ~~The~~limitation, ~~Plaintiffs~~risks ~~seek~~and ~~damages~~uncertainties ~~for~~related to the ~~loss~~proposed ofsettlement ~~income~~not ~~that~~receiving ~~they~~the ~~suffered~~requisite asfinal aapproval. ~~consequence,~~Additional asinformation ~~well~~on asthe ~~damages~~above ~~for~~risks ~~various~~and ~~other~~uncertainties ~~injuries~~and additional risks, uncertainties and ~~other~~factors ~~costs~~that could ~~caused~~cause byactual results to differ materially from those in the ~~false~~forward-looking statements. ~~However,~~are nocontained ~~assurances~~in the Trust’s ~~can~~periodic bereports ~~given~~filed ~~that~~with the ~~Plaintiffs~~Securities ~~will~~and ~~receive~~Exchange ~~any~~Commission. ~~damages~~Undue asreliance ashould ~~result~~not be placed on forward-looking statements, which speak only as of the ~~lawsuit~~date they are made, ~~nor~~and ~~can~~the ~~any~~facts ~~assurances~~and beassumptions ~~given~~underlying ~~regarding a~~the ~~timeframe~~forward-looking ~~for~~statements amay ~~resolution~~change. Except ofas required by law, the ~~lawsuit~~Trust disclaims any obligation to update these forward-looking statements to reflect future information, events or circumstances.

~~SIGNATURE~~Item 9.01 Financial Statements and Exhibits.

~~Pursuant~~(d) ~~to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~Exhibits

	United Development Funding Income Fund V
Dated: November 29, 2017	By:	/s/ Hollis M. Greenlaw
		Hollis M. Greenlaw
		Chief Executive Officer

99.1

Stipulation of Settlement dated as of February 27, 2018

99.2

Notice of Pendency and Proposed Settlement of Derivative Action and Hearing

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	United Development Funding Income Fund V

Dated: March 22, 2018	By:	/s/ Hollis M. Greenlaw
		Hollis M. Greenlaw
		Chief Executive Officer

Filing Compare · UNITED DEVELOPMENT FUNDING INCOME FUND V