Medalist Diversified REIT, Inc. Announces Quarterly Dividend and Ownership Waivers

Medalist Diversified REIT, Inc. declared a quarterly dividend of $0.0675 per share on its common stock, payable in cash on January 13, 2026, to shareholders of record as of January 8, 2026. Additionally, the Board of Directors granted waivers of ownership limitations to CEO Frank Kavanaugh and CFO C. Brent Winn, Jr. These waivers permit Kavanaugh and his affiliates to own up to 30.0% of the Company's outstanding capital stock, while Winn and his affiliates can own up to 7.5%. These exceptions are subject to specific terms and conditions outlined in waiver letters dated December 18, 2025. The company is a Maryland-based REIT specializing in commercial real estate.