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Stock impact report

Medalist Diversified REIT Announces the Approval of a Common Stock Repurchase Program [MarketWatch]

Medalist Diversified REIT, Inc. (MDRR) 
Company Research Source: MarketWatch
RICHMOND, Va., (BUSINESS WIRE) -- Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the “Company” or “Medalist”), is 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. The board of directors of Medalist Diversified REIT, Inc. has approved a program that will allow management to purchase up to 500,000 shares of the Company's common stock in the open market, up to a maximum price of $4.80 per share. This action will take place in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The company's decision to repurchase its shares, as well as the timing of such repurchases will depend on a variety of factors that include the ongoing assessment of the Company's capital needs, market conditions and the price of the Company's common stock and other corporate considerations, all as determined by managemen Show less Read more
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