Company: GMRE
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001104659-25-112543
Chunk: 28

Company: Global Medical REIT Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 28
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 that
rank in priority with respect to dividends that must, under the terms of such shares, be paid before we may pay dividends on, or redeem
or repurchase, the Series B Preferred Stock.

<div align='center'>S-16</div>

So long as any shares of Series B Preferred
Stock remain outstanding, no dividend or distribution shall be paid or declared on junior equity shares, and no junior equity shares shall
be purchased, redeemed or otherwise acquired for consideration by us, directly or indirectly, during a dividend period, unless the full
cumulative dividends on all outstanding shares of Series B Preferred Stock have been declared and paid (or declared and a sum sufficient
for the payment thereof has been set aside).

The foregoing limitation does not apply to:

| · | repurchases, redemptions or other acquisitions of junior equity shares of 
 the Company in connection with any employee incentive or benefit plan;    |

| · | an exchange, redemption, reclassification or conversion of any class or series                                                    
 of the Company’s junior equity shares, or any junior equity shares or securities of a subsidiary of the Company, for any class or 
 series of the Company’s junior equity shares; or                                                                                  |

| · | any dividend in the form of shares of capital stock, warrants, options or                                                             
 other rights where the dividend security or the security issuable upon exercise of such warrants, options or other rights is the same 
 security as that on which the dividend is being paid or ranks equal or junior to that security.                                       |

When dividends are not paid (or duly provided
for) on any dividend payment date (or, in the case of parity equity shares having dividend payment dates different from the dividend payment
dates pertaining to the Series B Preferred Stock, on a dividend payment date falling within the related dividend period for Series B
Preferred Stock) in full upon the Series B Preferred Stock and any other parity equity shares, all dividends declared upon the Series B
Preferred Stock and all such parity equity shares payable on such dividend payment date (or, in the case of parity equity shares having
dividend payment dates different from the dividend payment dates pertaining to the Series B Preferred Stock, on a dividend payment
date falling within the related dividend period for the Series B Preferred Stock) shall be declared pro rata so that the respective
amounts of such dividends shall bear the same ratio to each other as all accrued but unpaid dividends per share on the Series B Preferred
Stock and all parity equity shares payable on such dividend payment date (or