 Medalist Diversified REIT, Inc. Nasdaq: MDRR the Company, a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Mid-Atlantic and Southeast regions, announced today the pricing of its underwritten public offering with gross proceeds to the Company expected to be 4,600,000 before deducting underwriting discounts, commissions, and expenses. The proposed offering equates to 200,000 shares of the Companys 8.0 Series A Cumulative Redeemable Preferred Stock, liquidation preference of 25.00 per share, at a public offering price of 23.00 per share. The Company has applied to list the Series A Preferred Stock on the Nasdaq Capital Market under the symbol MDRRP. The offering is expected to close on or about February 19, 2020, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to acquire additional properties, for working capital, for general corporate purposes, and to repay outstanding debt. In addition, a portion of the net proceeds from the offering in an amount equal to the first four quarterly dividends of the Series A Preferred Stock will be placed into an irrevocable escrow account with such funds to be released to the holders of Series A Preferred Stock upon the declaration of such dividends. 