Medalist Diversified REIT to effect 1:10 reverse then 5:1 forward stock split on July 2

Medalist Diversified, Inc.

Outstanding shares reduced from 2,236,631 to approximately 1,118,315 as a net result.
Reverse split (1:10) effective 5:00 p.m. ET July 2; forward split (5:1) immediate after.
No fractional shares; cash in lieu based on July 2 closing price.
Trading on split-adjusted basis begins July 3 under new CUSIP 58403P402.
Company cautions splits may decrease liquidity and total market capitalization.

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