secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001558370-24-013152
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Medalist Diversified REIT increases credit line to $4M and declares quarterly dividends
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- Line of credit increased from $1.5M to $4.0M with interest rate of SOFR + 3.1%.
- Quarterly common stock dividend of $0.06 per share payable Oct 21, record Oct 16.
- Quarterly Series A preferred dividend of $0.50 per share payable Oct 21, record Oct 16.
- Credit facility amendment adds Citibank Property in Chicago as cross-collateral.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837024013152/0001558370-24-013152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837024013152/mdrr-20241002x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013152

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer