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Stock impact report

Medalist Diversified REIT, Inc. Announces the Appointment of Francis P. Kavanaugh to its Board of Directors

Medalist Diversified REIT, Inc. (MDRR) 
Company Research Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the “Company”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., today announced the appointment of Francis P. Kavanaugh to its Board of Directors (the “Board”), effective immediately.Mr. Kavanaugh has also been appointed as a member of the previously disclosed Special Committee of the Board charged with exploration of potential strategic alternatives in order to maximize stockholder value.Mr. Kavanaugh has 30+ years of diverse experience in real estate investment, business restructuring, and operational leadership. Mr. Kavanaugh is currently employed as a Managing Director of Fort Ashford Funds, LLC. He has served as its manager since the company’s inception in 2004. “We are pleased to add a leader of Frank’s caliber to our Board,” said Bill Elliott, President and Chief Operating Officer. “We un Show less Read more
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