MDRR news

Medalist Diversified, Inc. filed a Certificate of Correction to amend its Articles of Amendment to the charter with the State Department of Assessments and Taxation, which previously inserted new definitions related to shareholder ownership into Article IV.

Medalist Diversified executed the Limited Liability Company Operating Agreement for Mira Sav Partners, LLC. This agreement establishes the governance between Mira SAV Venture, LLC and MDI Mira Sav, LLC for the newly formed company.

Medalist Diversified provided unaudited pro forma financial statements reflecting the impact of five completed real estate dispositions totaling approximately $33 million, with proceeds used to repay debt. This information is presented as an exhibit in accordance with SEC regulations.

Medalist Diversified Inc. executed a purchase agreement for a Denton County property, with an estimated value of $5.49 million. The acquisition is pending closing conditions.

Medalist Diversified authorized a quarterly cash dividend of $0.0675 per share payable on July 30. This action supports the Company's commitment to shareholder returns.

Medalist Diversified filed Articles of Amendment to its Maryland charter adding definitions related to share ownership restrictions and Section 382 tax code compliance. The amendments establish mechanisms to monitor and control shareholder ownership percentages, which may protect NOL carryforwards o…