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Monday, July 1, 2024

Equity Corporate Actions Alert #2024 - 322
Information regarding the Reverse Split Immediately Followed by a Forward Split and CUSIP Change for Medalist Diversified REIT, Inc. (MDRR)

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Medalist Diversified REIT, Inc. (MDRR) will be effecting a one for ten (1-10) reverse stock split of its outstanding common stock immediately followed by a five for one (5-1) forward split. The net effect is for every 2 shares of pre-split common stock held, shareholders will receive one (1) share of common stock on a post-split basis. No fractional shares will be issued in connection with the Reverse Stock Split. Instead, each stockholder that would hold fractional shares as a result of the Reverse Stock Split will be entitled to receive, in lieu of such fractional shares, cash in an amount equal to the applicable fraction multiplied by the closing price of the Common Stock on Nasdaq on July 2, 2024 (as adjusted for the Reverse Stock Split). The transaction will be effective at the opening of business on Wednesday, July 3, 2024. In conjunction with the reverse and forward splits, the CUSIP number will change to 58403P402.

If you would like to register as a market maker in MDRR, contact Nasdaq Trading Services at +1 212 231 5100.

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