Medalist Diversified REIT, Inc. announced on August 24, 2020 the resignations of Mark Mullinix and Dianna Raedle from the Company’s Board of Directors. The Company wishes to disclose the fact that Mullinix and Raedle resigned from the Board as a result of a disagreement with the Company’s management and other members on the Board related to certain financial and investment decisions of the Company’s management. At the time of their resignation, Mullinix served on the Audit and Nominating and Corporate Governance Committees of the Board, and Raedle served on the Compensation and Nominating and Corporate Governance Committees of the Board.