Medalist Diversified REIT gains on share buyback plan

Medalist Diversified

31/12/2021 11:27

** Shares of Virginia-based real estate investment trust
 MDRR.O  jump over 31% to $1.34 premarket
    ** Stock set to open at a near four-month high, on pace to
gain for a second straight day
    ** MDRR announces share repurchase program of up to $2.4
mln, according to Reuters calculation
    ** Says buyback plan will allow co to purchase up to 500,000
shares of common stock up to a maximum price of $4.80 per share
 urn:newsml:reuters.com:*:nBw1zfp1Da
    ** Up to Thursday's close, MDRR stock had fallen ~53% this
year

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))