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Medalist Diversified REIT Inc | 8.0% Ser A Cumulative Prfd Stock Due 02/19/2025 (MDRRP)
Prospectus excerpt: We are offering 200,000 shares of our 8.0% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share, or the Series A Preferred Stock. Dividends on the Series A Preferred Stock will be payable quarterly in arrears on or about the 25th day of January, April, July and October of each year. The dividend rate is 8.0% per annum of the $25.00 liquidation preference, which is equivalent to $2.00 per share of Series A Preferred Stock. The first dividend on the Series A Preferred Stock sold in this offering will be paid on April 24, 2020, will cover the period from, but excluding, February 19, 2020 to, but excluding, April 24, 2020 and will be in the amount of $0.35556 per share. Full Prospectus PDF », Secondary Prospectus PDF », MDRR Page »
| Series: | A | | Redeemable?: | Yes | | Call Date: | 2/19/2022 (Now Trading Post Call Date) | | Maturity Date: | 2/19/2025 | | Cumulative?: | Yes | | Shares Offered: | 200,000 | | Overallotment: | 30,000 | | Liquidation Preference: | $25.00 | | Recent Market Price: | $24.14 | Discount to Liquidation Preference:
(More Preferreds Trading at a Discount ») | $-0.86 (-3.44%) | | Annualized Dividend: | 2 | | Recent Ex-Date: | 4/19/2024 | | Current Yield: | 8.29% | | Original Coupon: | 8.00% | | Pay Period: | Quarterly | | Pay Dates: | 25-Jan, 25-Apr, 25-Jul, 25-Oct | | CDx3 Compliance Rating: |
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Medalist Diversified REIT acquires, repositions, renovates, leases and manages properties, with a primary focus on: commercial properties, including flex-industrial, and retail properties; multi-family residential properties; and hotel properties. Co.'s investment properties are: the Shops at Franklin Square located in Gastonia, NC; the Greensboro Hampton Inn located in Greensboro, NC; the Hanover North Shopping Center located in Mechanicsville, VA; the Ashley Plaza Shopping Center located in Goldsboro, NC; the Clemson Best Western University Inn located in Clemson, SC and Brookfield Center a mixed-use industrial/office property located in Greenville, SC. Preferred: MDRRP
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| Name: |
Medalist Diversified REIT Inc |
| Website: |
www.medalistreit.com |
| Sector: |
REITs |
| Number of ETFs Holding MDRR: |
1 (see which ones) |
| Total Market Value Held by ETFs: |
$22,039 |
| Total Market Capitalization: |
$12,000,000 |
| % of Market Cap. Held by ETFs: |
0.18% |
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