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CORRECTING and REPLACING Medalist Diversified REIT, Inc. Announces Series A Preferred Stock Cash Dividend
RICHMOND, Va.--(BUSINESS WIRE)-- Second paragraph of release should read: The Series A Dividend will be payable in cash on April 21, 2022 to holders of
About this update from Medalist Diversified, Inc.
[{"type":"text","content":" RICHMOND, Va.--(BUSINESS WIRE)--\nSecond paragraph of release should read: The Series A Dividend will be payable in cash on April 21, 2022 to holders of record of Series A Preferred Stock as of April 18, 2022. (instead of The Series A Dividend will be payable in cash on April 21, 2022 to holders of record of the Common Stock as of April 18, 2022.).\n\nThe updated release reads: \n\nMEDALIST DIVERSIFIED REIT, INC. ANNOUNCES SERIES A PREFERRED STOCK CASH DIVIDEND\n\nMedalist Diversified REIT (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., today announced that its Board of Directors has authorized and the Company has declared a dividend for the 1st quarter of 2022 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\").\n\nThe Series A Dividend will be payable in cash on April 21, 2022 to holders of record of Series A Preferred Stock as of April 18, 2022.\n\nAbout Medalist Diversified REIT\n\nMedalist 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.\n\nForward Looking Statements\n\nThis 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 managemen...