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RICHMOND, Va .– (BUSINESS WIRE) –Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the "Company" or
"Medalist"), a real estate investment trust based in Virginia that
specializes in the acquisition, ownership and management of value-added commercial real estate
in the southeastern United States, correct the
description of the dividend announced in its press release of
December 4, 2018. The Company's cash dividend payable to shareholders of
record as of December 12, 2018, previously referred to as
cash dividend, is a quarterly cash dividend on the common shares of the company.
$ 0.175 per share, which is consistent with the
Quarterly cash dividend of $ 0.175 per share of the Company, issued on
July 20, 2018.
About the diversified REI Medalist
Medalist Diversified REIT Inc. is a real estate company based in Virginia.
investment trust specializing in the acquisition, holding and management of
value-added commercial real estate in the southeastern United States
The company's strategy is to focus on value-added and opportunistic marketing.
the real estate that should provide an attractive risk ratio
and come back. The company uses a diversified approach and focuses on four
Asset Types Flex / Industrial, Multifamily, Neighborhood
Limited-service centers and hotels. Medalist uses a rigorous and
consistent process for the procurement and due diligence of
acquisitions. The company seeks to maximize the operational performance of
current properties using a hands-on approach to badet management
while monitoring the market for acquisition opportunities and the sale of
properties deemed appropriate. For more information on Medalist,
please visit the company's website at https://www.medalistreit.com.
Forward-looking statements
This press release contains forward-looking statements within the
meaning of the Securities Industry Reform Act of 1995 and
other federal securities laws. These forward-looking statements are
based on the current expectations of the company, but these statements are
not guaranteed to happen. In addition, the company declines all responsibility
obligation to publicly update or revise any forward-looking statement
reflect changes in underlying badumptions or factors,
information, data or methods, future events or other changes. investors
should not place undue reliance on forward-looking statements. For
further discussion of the factors that could affect the results, please
refer to the risk factors set out in the Company's prospectus filed by
in accordance with rule 424 (b) (4) with the US authorities of
Exchange Commission (the "SEC") November 28, 2018, and
subsequent filings with the SEC. We demand the safe harbor
protection of the forward-looking statements contained in the private document.
Securities Litigation Reform Act, 1995.
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