Medalist Diversified REIT (MDRR) just unveiled an update.
On July 2, 2024, Medalist Diversified REIT, Inc. successfully completed a 1-for-10 reverse stock split immediately followed by a 5-for-1 forward stock split, leaving the total outstanding shares at approximately 1.12 million. This series of stock splits did not alter shareholders’ percentage ownership in the company, except for minor adjustments due to fractional shares. The company’s stock began trading on Nasdaq under these new conditions on July 3, 2024, maintaining the same trading symbol but with a new CUSIP number. Shareholders’ accounts were automatically updated to reflect the changes without any required action on their part.
For detailed information about MDRR stock, go to TipRanks’ Stock Analysis page.
