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Exhibit 99.1

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MEDALIST DIVERSIFIED REIT, INC. ANNOUNCES COMMON STOCK DIVIDEND OF

$0.0675 PER SHARE

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RICHMOND, VA, April 4, 2025--(BUSINESS WIRE)--Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the "Company" or "Medalist"), announced today that its Board of Directors has authorized and the Company has declared a quarterly dividend on its common stock (the "Common Stock") in the amount of $0.0675 per share (the "Dividend"). The Dividend will be payable in cash on April 22, 2025 to holders of record of the Common Stock as of April 17, 2025.

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Medalist specializes in acquiring, owning and managing commercial real estate in the U.S and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes.

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Contacts

Brent Winn
Medalist Diversified REIT, Inc.
[email protected]