Brief: Medalist Diversified REIT, Inc. Concludes Strategic Alternatives Process With Potential Asset Sale And Expected Transition To Internalized Management

Medalist Diversified

12/07/2023 22:16

July 12 (Reuters) - Medalist Diversified Reit Inc
 MDRR.O :
    * MEDALIST DIVERSIFIED REIT, INC. CONCLUDES STRATEGIC
ALTERNATIVES
PROCESS WITH POTENTIAL ASSET SALE AND EXPECTED TRANSITION TO
INTERNALIZED MANAGEMENT
    * BOARD HAS APPROVED COMPANY'S NEGOTIATION OF SALE OF ITS
INTERESTS IN FOUR PROPERTIES FROM COMPANY'S PORTFOLIO
    * HAS COMMENCED DISCUSSIONS WITH ITS EXTERNAL MANAGER AS TO
AN
INTERNALIZATION OF COMPANY'S MANAGEMENT
    * TRANSITION TO AN INTERNAL MANAGEMENT STRUCTURE, IF
COMPLETED,
WOULD RESULT IN CHANGES IN SEVERAL KEY LEADERSHIP ROLES
    * BOARD HAS APPROVED TEMPORARY SUSPENSION OF DIVIDENDS ON
COMPANY'S OUTSTANDING COMMON STOCK

Source text for Eikon:  ID:nBw4RYVsBa 
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