Medalist Diversified REIT Announces Series A Preferred Stock Cash Dividend
October 13 2020 - 04:20PM
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 3rd quarter of 2020 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 October 26,
2020 to holders of record of Series A Preferred Stock as of October
23, 2020.
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 February 13,
2020, 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/20201013006095/en/
Paul Kuntz Communications Director RedChip Companies
paul@redchip.com 412-708-4590
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