On June 25, 2024, the Board of Directors (the ?Board?) of Medalist Diversified REIT, Inc. (the Company) appointed A. Lee Finley, as a Class II director of the Company, effective immediately. Mr. Finley will serve as a Class II director until the 2025 Annual Meeting of Stockholders and will stand for re-election at that meeting. Mr. Finley was appointed to serve on the Nominating and Corporate Governance Committee and Acquisition Committee of the Board.

On June 26, 2024, Timothy O?Brien and Charles S. Pearson, Jr. notified the Board that they will each resign as a director of the Company, effective June 26, 2024. Neither of Mr. O?Brien?s nor Mr. Pearson?s decision to resign relates to any disagreement on matters relating to the Company?s operations, policies or practices or any other matter. In connection with Mr. O?Brien?s and Mr. Pearson?s resignations, the Board reduced its size to five directors and appointed Francis Kavanaugh as Chair of the Board, in each case effective June 26, 2024.