Sec Form 3 Filing - Finley Alfred Lee @ Medalist Diversified REIT, Inc. - 2022-05-02

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Finley Alfred Lee 2. Issuer Name and Ticker or Trading Symbol Medalist Diversified REIT, Inc. [ MDRR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 2800 GOLDEN TRIANGLE BLVD. 3. Date of Earliest Transaction (MM/DD/YY) 05/02/2022 (Street) FORT WORTH, TX76177 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 1,530,000 D( 1 ) Common Stock 120,000 I By Limited Partnership( 2 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Finley Alfred Lee 2800 GOLDEN TRIANGLE BLVD. FORT WORTH, TX76177 X Finley Susan 2800 GOLDEN TRIANGLE BLVD. FORT WORTH, TX76177 X ALF Operating Partners, Ltd. 2800 GOLDEN TRIANGLE BLVD. FORT WORTH, TX76177 X ALF Acquisitions Company, LLC 2800 GOLDEN TRIANGLE BLVD. FORT WORTH, TX76177 X Signatures /s/ Alfred Lee Finley 07/01/2022 Signature of Reporting Person Date /s/ Susan Finley 07/01/2022 Signature of Reporting Person Date /s/ Alfred Lee Finley, President of ALF Acquisitions Company, LLC, general partner of ALF Operating Partners, Ltd. 07/01/2022 Signature of Reporting Person Date /s/ Alfred Lee Finley, President of ALF Acquisitions Company, LLC 07/01/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Shares are owned by Alfred Lee Finley ("Finley") and his wife, Susan Finley, as joint tenants. ( 2 )Shares are owned by ALF Operating Partners, Ltd., a Texas limited partnership ("ALF"). The sole general partner of ALF is ALF Acquisitions Company, LLC, a Texas limited liability company ("Genpar"). Finley is the sole member and President of Genpar.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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