**Medalist Diversified REIT Appoints Kory J. Kramer to Board of Directors and Declares Quarterly Dividend** **

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Medalist Diversified REIT, Inc. made significant announcements on January 3, 2025, as detailed in their recent 8-K filing with the Securities and Exchange Commission.

The Board of Directors of Medalist Diversified REIT, Inc. welcomed Kory J. Kramer as a Class I director of the Company effective immediately. Kramer’s appointment will extend until the 2027 Annual Meeting of Stockholders, where he will stand for re-election. It was highlighted that Kramer has no prior agreements or dealings with the Company under Item 404(a) of Regulation S-K. He will function as a non-employee director and be compensated in accordance with the Company’s non-employee director compensation policies.

Consequently, the Board decided to expand its size to six directors to accommodate Mr. Kramer’s appointment, effective January 3, 2025.

Moreover, in a press release dated January 7, 2025, the Company disclosed that its Board of Directors has sanctioned and the Company has declared a quarterly dividend of $0.065 per share on its common stock, payable in cash on January 23, 2025, to shareholders of record as of January 20, 2025.

The Company’s choice to enhance its Board with Kramer’s appointment signifies a strategic move to leverage top-tier talent for bolstering its portfolio and overall strategy.

Medalist Diversified REIT, Inc.’s press release contained forward-looking statements, emphasizing that actual results might differ from the expectations outlined due to various factors. Investors were advised not to solely rely on these projections, and the Company disclaimed any obligation to update forward-looking statements beyond legal requirements.

Medalist Diversified REIT, Inc. (NASDAQ: MDRR) is a real estate investment trust specialized in managing commercial real estate predominantly in the Southeast U.S. region. The Company is headquartered in Richmond, Virginia, focusing on acquiring, managing, and redeveloping retail, office, and industrial properties to create long-term value for its shareholders.

For more information, interested parties can visit the Company’s website at www.medalistreit.com.

This news comes after the company’s 8-K filing with the U.S. Securities and Exchange Commission on January 3, 2025.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Medalist Diversified REIT’s 8K filing here.

Medalist Diversified REIT Company Profile

Medalist Diversified REIT Inc is 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. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns.