Medalist Diversified REIT Board Approves Negotiation Of Sale Of Its Interests In Four Properties From Portfolio; Board Approves Temporary Suspension Of Dividends
Portfolio Pulse from Benzinga Newsdesk
Medalist Diversified REIT (MDRR) board has approved the negotiation of sale of its interests in four properties from its portfolio. The company is also exploring opportunities that might include mergers, investments, or other strategic combinations. The board has also approved the temporary suspension of dividends.
July 12, 2023 | 9:02 pm
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MDRR is planning to sell interests in four properties and is exploring strategic combinations. The company has also suspended dividends temporarily.
The sale of properties could potentially bring in capital, but it also indicates that the company might be in a financial crunch. The suspension of dividends is usually a negative signal to investors as it indicates potential cash flow issues. The exploration of strategic combinations could be a positive in the long term, but it introduces uncertainty in the short term.
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