Medalist Diversified REIT, Inc. Announces Cash Dividend of $0.01 Per Share on Its Common Stock and $0.50 Per Share on Its Series A Preferred Stock
12 Abril 2023 - 5:30PM
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 commercial real
estate in the Southeast region of the U.S., announced today that
its Board of Directors declared a quarterly cash dividend of $0.01
per share on the Company’s common stock (the "Common Stock
Dividend"). The Common Stock Dividend is payable in cash on April
28, 2023, to holders of record as of April 25, 2023.
The Board of Directors also declared a dividend of $0.50 per
share on the Company’s 8.0% Series A Cumulative Redeemable
Preferred Stock (the "Series A Dividend"). The Series A Dividend is
payable in cash on April 28, 2023, to holders of record as of April
25, 2023.
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 www.medalistreit.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230412005576/en/
Brent Winn Medalist Diversified REIT, Inc. 804-338-7708
brent.winn@medalistprop.com
Medalist Diversified REIT (NASDAQ:MDRR)
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