Medalist Diversified REIT, Inc. (Nasdaq: MDRR) (the "Company") 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, today reported unaudited operating results for its year and quarter ended December 31, 2019. All financial measures referenced herein are unaudited.

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Medalist Diversified REIT, Inc. (Nasdaq: MDRR) (the "Company") 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, will host a conference call at 9:00 a.m. Eastern Time on Monday, March 9, 2020, to discuss the company’s fourth quarter and fiscal year 2019 financial results and business progress.

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 Southeast region of the U.S., today announced that its Board of Directors has authorized and the Company has declared a dividend for the 1st quarter of 2020 on its 8.0% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") in the amount of $0.3722 per share (the "Series A Dividend").