Medalist REIT Files 8-K for Material Agreement
Ticker: MDRR · Form: 8-K · Filed: Dec 10, 2024 · CIK: 1654595
| Field | Detail |
|---|---|
| Company | Medalist Diversified Reit, Inc. (MDRR) |
| Form Type | 8-K |
| Filed Date | Dec 10, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $25.00, $0.44, $25.44 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-statements
TL;DR
Medalist REIT filed an 8-K on Dec 10 for a material agreement. Details TBD.
AI Summary
Medalist Diversified REIT, Inc. filed an 8-K on December 10, 2024, reporting a material definitive agreement and financial statements. The filing details the company's incorporation in Maryland and its principal executive offices in Richmond, VA. No specific financial figures or agreement details were provided in the excerpt.
Why It Matters
This filing indicates a significant event or agreement for Medalist Diversified REIT, Inc., which could impact its business operations and financial standing.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting a material agreement and financial statements, with no immediate negative or positive financial implications detailed in the provided text.
Key Players & Entities
- Medalist Diversified REIT, Inc. (company) — Registrant
- December 10, 2024 (date) — Date of earliest event reported
- Maryland (jurisdiction) — State of incorporation
- Richmond, VA (location) — Address of principal executive offices
- 804-338-7708 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement filed by Medalist Diversified REIT, Inc.?
The provided excerpt does not specify the details of the material definitive agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 10, 2024.
In which state is Medalist Diversified REIT, Inc. incorporated?
Medalist Diversified REIT, Inc. is incorporated in Maryland.
What is the address of Medalist Diversified REIT, Inc.'s principal executive offices?
The principal executive offices are located at P.O. Box 8436, Richmond, VA 23226.
What is the telephone number for Medalist Diversified REIT, Inc.?
The registrant's telephone number is (804) 338-7708.
Filing Stats: 878 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2024-12-10 16:15:18
Key Financial Figures
- $0.01 — ed Trading Symbol(s) Common Stock, $0.01 par value Nasdaq Capital Market MDR
- $25.00 — redeemed at a cash redemption price of $25.00 per share, plus any accrued and unpaid
- $0.44 — ate in an amount equal to approximately $0.44 per share, for a total payment of $25.4
- $25.44 — $0.44 per share, for a total payment of $25.44 per share. From and after the Optional
Filing Documents
- mdrr-20241210x8k.htm (8-K) — 51KB
- mdrr-20241210xex99d1.htm (EX-99.1) — 9KB
- mdrr-20241210xex99d1001.jpg (GRAPHIC) — 7KB
- 0001558370-24-016120.txt ( ) — 252KB
- mdrr-20241210.xsd (EX-101.SCH) — 5KB
- mdrr-20241210_def.xml (EX-101.DEF) — 14KB
- mdrr-20241210_lab.xml (EX-101.LAB) — 14KB
- mdrr-20241210_pre.xml (EX-101.PRE) — 14KB
- mdrr-20241210x8k_htm.xml (XML) — 7KB
01
Item 1.01 Entry into a Material Definitive Agreement On December 10, 2024, Medalist Diversified REIT, Inc. (the " Company ") gave notice of its intention to redeem 60,000 shares (the " Redeemed Shares ") of its outstanding 8.0% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the " Series A Preferred Stock "), on January 10, 2025 (the " Optional Redemption Date "). In accordance with the articles supplementary to the articles of incorporation of the Company designating the Series A Preferred Stock, the Redeemed Shares will be redeemed at a cash redemption price of $25.00 per share, plus any accrued and unpaid dividends up to, but not including, the Optional Redemption Date in an amount equal to approximately $0.44 per share, for a total payment of $25.44 per share. From and after the Optional Redemption Date, dividends on the Redeemed Shares will cease to accumulate, the Redeemed Shares will no longer be outstanding, and all rights of the holders of such shares will terminate, except the right of the holders to receive the cash payable upon such redemption, without interest. Upon the completion of the redemption of the Redeemed Shares, the Series A Preferred Stock will be fully redeemed and no shares of the Series A Preferred Stock will remain outstanding. A copy of a press release announcing the notice of redemption is "furnished" as Exhibit 99.1 to this Current Report on Form 8-K. The information in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the " Exchange Act "), or incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act. Cautionary Statements Regarding Forward-Looking Statements This Current Report on Form 8-K contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward looking statements are not historical and
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated December 10, 2024 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL Document SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MEDALIST DIVERSIFIED REIT, INC. Dated: December 10, 2024 By: /s/ C. Brent Winn, Jr. C. Brent Winn, Jr. Chief Financial Officer