RICHMOND, Va.–(BUSINESS WIRE)–Medalist Diversified REIT (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
regular, quarterly cash dividend on its common stock (the “Common
Stock”) in the amount of $0.175 per share (the “Dividend”).
The Q1 2019 Dividend will be payable in cash on May 28, 2019 to Common
Stockholders of record as of May 24, 2019.
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. For
example, the fact that this offering has priced may imply that the
offering will close, but the closing is subject to certain conditions
customary in transactions of this type and may be delayed or may not
occur at all. In addition, the underwriters’ option to purchase
additional shares may imply that this option will be exercised; however,
the underwriters are not under any obligation to exercise this option,
or any portion of it, and may not do so. 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, and in the Company’s annual and periodic reports and other
documents filed with the SEC, copies of which are available on the SEC’s
website, www.sec.gov.
Contacts
Investor Relations:
The Equity Group
Jeremy Hellman, Senior
Associate
(212) 836-9626 / [email protected]
