Medalist Diversified REIT, Inc. Announces Reverse Stock Split and Forward Stock Split
Medalist Diversified REIT, Inc. (MDRR)
Company Research
Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Medalist Diversified REIT, Inc. (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 Mid-Atlantic and Southeast regions of the United States, today announced that its Board of Directors approved a one-for-ten reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding shares of common stock (the “Common Stock”) and a five-for-one forward stock split of the Common Stock (the “Forward Stock Split” and, together with the Reverse Stock Split, the “Stock Splits”).The Reverse Stock Split is expected to take effect as of 5:00 p.m. Eastern Time, on July 2, 2024. Accordingly, at such time, every ten issued and outstanding shares of Common Stock will be converted into one share of Common Stock. The Forward Stock Split is expected to take effect immediately following the Reverse Stock Split as of 5:01 p.m
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Sec Filings
- 6/27/24 - Form 8-K
- 6/20/24 - Form 8-K
- 6/17/24 - Form 4
- MDRR's page on the SEC website