Medalist Diversified REIT Announces Series A Preferred Stock Cash Dividend
April 15 2021 - 5:51PM
Business Wire
Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the
“Company” or “Medalist”), a Virginia-based real estate investment
trust that specializes in acquiring, owning and managing value-add
commercial real estate in the Southeast region of the U.S., today
announced that its Board of Directors has authorized and the
Company has declared a dividend for the first quarter of 2021 on
its 8.0% Series A Cumulative Redeemable Preferred Stock (the
“Series A Preferred Stock”) in the amount of $0.5000 per share (the
“Series A Dividend”).
The Series A Dividend will be payable in cash on April 30, 2021
to holders of record of Series A Preferred Stock as of April 26,
2021.
About Medalist Diversified REIT
Medalist Diversified REIT Inc. is a Virginia-based real estate
investment trust that specializes in acquiring, owning and managing
value-add commercial real estate in the Mid-Atlantic and Southeast
regions. The Company’s strategy is to focus on value-add and
opportunistic commercial real estate which is expected to provide
an attractive balance of risk and returns. Medalist utilizes a
rigorous, consistent and replicable process for sourcing and
conducting due diligence of acquisitions. The Company seeks to
maximize operating performance of current properties by utilizing a
hands-on approach to property management while monitoring the
middle market real estate markets in the southeast for acquisition
opportunities and disposal of properties as considered appropriate.
For more information on Medalist, please visit the Company website
at https://www.medalistreit.com.
Forward Looking Statements
This press release contains statements that are “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 and other federal securities laws. Forward
looking statements are statements that are not historical,
including statements regarding management’s intentions, beliefs,
expectations, representations, plans or predictions of the future,
and are typically identified by such words as “believe,” “expect,”
“anticipate,” “intend,” “estimate,” “may,” “will,” “should” and
“could.” Because such statements include risks, uncertainties and
contingencies, actual results may differ materially from those
expressed or implied by such forward looking statements. These
forward-looking statements are based upon the Company’s present
expectations, but these statements are not guaranteed to occur,
including, without limitation, with respect to the completion of
the proposed public offering on the terms described or at all.
Furthermore, the Company disclaims any obligation to publicly
update or revise any forward-looking statement to reflect changes
in underlying assumptions or factors, of new information, data or
methods, future events or other changes. Investors should not place
undue reliance upon forward-looking statements. For further
discussion of the factors that could affect outcomes, please refer
to the “Risk Factors” section of the prospectus dated April 8,
2021, and in the Company’s subsequent annual and periodic reports
and other documents filed with the SEC, copies of which are
available on the SEC’s website, www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20210415006094/en/
Paul Kuntz Communications Director RedChip Companies
paul@redchip.com 412-708-4590
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