Exhibit 97.1
MEDALIST DIVERSIFIED REIT, INC.
CLAWBACK POLICY
The Compensation Committee (the “Compensation Committee”) of the Board of Directors (the “Board”) of Medalist Diversified REIT, Inc., a Maryland corporation (the “Company”), has adopted the following Clawback Policy (this “Policy”) on November 27, 2023, effective as of October 2, 2023 (the “Effective Date”).
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Exhibit A
MEDALIST DIVERSIFIED REIT, INC. CLAWBACK POLICY
ACKNOWLEDGEMENT FORM
By signing below, the undersigned acknowledges and confirms that the undersigned has received and reviewed a copy of the Medalist Diversified REIT, Inc. Clawback Policy (the “Policy”). Capitalized terms used but not otherwise defined in this Acknowledgement Form (this “Acknowledgement Form”) shall have the meanings ascribed to such terms in the Policy.
By signing this Acknowledgement Form, the undersigned acknowledges and agrees that the undersigned is and will continue to be subject to the Policy and that the Policy will apply both during and after the undersigned’s employment with the Company Group. Further, by signing below, the undersigned agrees to abide by the terms of the Policy, including, without limitation, by returning any Erroneously Awarded Compensation to the Company Group reasonably promptly to the extent required by, and in a manner permitted by, the Policy, as determined by the Compensation Committee of the Company’s Board of Directors in its sole discretion.
Sign:_____________________________
Name: [Employee]
Date:_____________________________
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