Medalist Diversified REIT completes strategic review with approval of asset sale

Medalist Diversified “announced that the Special Committee (the “Special Committee”) of the Company’s Board of Directors has completed its exploration of strategic alternatives. Upon the recommendation of the Special Committee, the Board has approved the Company’s negotiation of the sale of its interests in four properties from the Company’s portfolio. Consummation of the sale is subject to negotiation of, and entry into, definitive agreements and related loan assumptions, and there can be no assurance as to the sales prices or other terms of the sales, or the timing of any of the sales, or whether such sales will occur. Further information about this potential transaction will be disclosed, as appropriate. Simultaneously, the Company announced that it is exploring diverse opportunities that might include mergers, investments, or other strategic combinations, with a focused objective of enhancing shareholder value.”