Medalist Diversified REIT, Inc. announced the appointed Emanuel D. Neuman to the Board, effective July 19, 2023, for a term expiring at the Company?s 2023 annual meeting of stockholders. On July 24, 2023, the Board appointed Mr. Neuman to the (i) Acquisition Committee of the Board and designated Mr. Neuman as the chairman of such committee, and (ii) Compensation Committee of the Board. The Board has determined that Mr. Neuman is an independent director as defined in the listing standards of The Nasdaq Stock Market LLC and the applicable rules of the U.S. Securities and Exchange Commission.

Mr. Neuman will participate in the Company?s compensation program for its independent directors.