Medalist Diversified, Inc.

Medalist Diversified, Inc.'s subsidiary, MDR Brookfield, LLC, entered into an agreement to sell its Brookfield Center flex-industrial property for $10,250,000. Additionally, at its 2026 Annual Meeting, stockholders approved an amendment to the Company's Articles of Incorporation to protect its net operating losses and net capital losses by restricting certain stock transfers. Stockholders also elected two Class III directors, approved executive compensation on an advisory basis, and ratified Cherry Bekaert LLP as the independent auditor for the fiscal year ending December 31, 2026.

Medalist Diversified, Inc. entered into a Purchase and Sale Agreement to acquire a property located at 14939 Metcalf Avenue, Overland Park, Kansas, for a total consideration of $5,800,000. The property includes 1.64 acres of land and a 16,100 square foot automotive service building. The Company made an earnest money deposit of $150,000 and expects the acquisition to close by July 28, 2026. Medalist Diversified plans to complete the acquisition through a newly formed Delaware statutory trust (DST) and offer beneficial interests to accredited investors.

Medalist Diversified, Inc., through its wholly-owned subsidiary OWN Digital Treasury TRS, LLC, has entered into a Pledged Asset Line Agreement with Charles Schwab & Co., Inc. This agreement establishes a revolving, non-purpose margin credit facility, allowing the company to borrow up to $15.8 million. The facility is secured by a first-priority lien on a designated brokerage account and features a variable interest rate tied to SOFR plus a margin.

Medalist Diversified, Inc. will hold its Annual Meeting of Stockholders on June 16, 2026, at 10:00 AM Pacific Time. Stockholders will vote on the election of two Class III directors, an advisory resolution on executive compensation, the ratification of Cherry Bekaert LLP as the independent registered public accounting firm for 2026, and an amendment to the Company's Charter related to its tax benefit preservation strategy. The record date for voting eligibility was April 10, 2026, with 1,428,500 shares outstanding.

Medalist Diversified reported a net income attributable to common stockholders of $8.97 million, or $7.01 per basic share, for Q1 2026, a significant improvement from a net loss of $1.01 million, or $(0.74) per basic share, in Q1 2025. This turnaround was primarily driven by a $12.85 million gain on the disposal of investment properties. The company also announced a strategic repositioning, terminating its REIT status and shifting its focus to building the DST Program to generate fee income and increase assets under management.

Medalist Diversified, Inc. announced the launch of its Delaware Statutory Trust (DST) sponsor platform, operated through its subsidiary MDRR Sponsor TRS, LLC. This platform offers accredited 1031 exchange investors and their advisors a publicly-traded option with SEC-reporting transparency and independent governance. The inaugural offering, MDRR XXV DST 1, is a single-tenant, net-leased Tesla facility in Pensacola, Florida, structured with approximately 47% loan-to-value financing.

Medalist Diversified, Inc. filed an Amendment No.1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. This amendment solely replaces Part III of the original filing, providing updated information on directors, executive officers, corporate governance, and compensation. It details the 2025 compensation for named executive officers and directors, outlines the composition of board committees, and notes several delinquent Section 16(a) reports.

Medalist Diversified, Inc. filed an Amendment No. 1 to its Annual Report on Form 10-K to update Part III, which includes information on Directors, Executive Officers, Corporate Governance, and Executive and Director Compensation for the fiscal year ended December 31, 2025. The amendment details the compensation for the CEO and CFO, as well as independent directors. It also disclosed that seven Section 16(a) reports were filed untimely by certain executives and directors.