# EDGAR Filing Document

**Accession Number:** 0001654595
**File Stem:** 0001104659-23-008105
**Filing Date:** 2023-1
**Character Count:** 7873
**Document Hash:** 94f54ebfd2cf2ecbc277f11bb5108ebb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-008105.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001104659-23-008105

**CONFORMED SUBMISSION TYPE**: SC 13D

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230130

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Medalist Diversified REIT, Inc.
- **CENTRAL INDEX KEY:** 0001654595
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90739
- **FILM NUMBER:** 23569493

**BUSINESS ADDRESS:**
- **BUSINESS PHONE:** 8043444435

**MAIL ADDRESS:**
- **STREET 1:** 1051 E. CARY STREET SUITE 601
- **STREET 2:** JAMES CENTER THREE
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23219
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KAVANAUGH FRANK
- **CENTRAL INDEX KEY:** 0001271775

**FILING VALUES:**
- **FORM TYPE:** SC 13D

**MAIL ADDRESS:**
- **STREET 1:** 3419 VIA LIDO
- **STREET 2:** SUITE 470
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92663

UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

---

| |
|:---|
| Medalist Diversified REIT, Inc. |
| (Name of Issuer) |
| Common Stock, par value $0.01 per share |
| (Title of Class of Securities) |
| 358487106 |
| (CUSIP Number) |
| FRANCIS P. KAVANAUGH<br> 107 Via Florence<br> Newport Beach, CA 92663 |
| (949) 212-2222 |
| (Name, Address and Telephone Number of Person Authorized to |
| Receive Notices and Communications) |
| (Date of Event which Requires Filing of this Statement) |

---

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ◻

**Note**: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 358487106 13D Page 2 of 5 Pages

---

| | | |
|:---|:---|:---|
| 1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
|  | Francis P. Kavanaugh | Francis P. Kavanaugh |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\* |  |
|  | (see instructions) (a) | ◻ |
|  | (b) | ◻ |
| 3 | SEC USE ONLY |  |
| 4 | SOURCE OF FUNDS\* (see instructions) |  |
|  | PF |  |
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
|  |  | ◻ |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION |  |
|  | United States |  |

---

---

| | | |
|:---|:---|:---|
|  | 7 | SOLE VOTING POWER |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: |  | 1700000 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | | |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | 8 | SHARED VOTING POWER |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: |  | 0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | | |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | 9 | SOLE DISPOSITIVE POWER |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: |  | 1700000 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | | |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | 10 | SHARED DISPOSITIVE POWER |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: |  | 0 |

---

---

| | | |
|:---|:---|:---|
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |  |
|  | 1700000 |  |
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\* | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\* |
|  | (see instructions) | ◻ |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |  |
|  | 9.75% |  |
| 14 | TYPE OF REPORTING PERSON\* (see instructions) |  |
|  | IN |  |

---

CUSIP No. 358487106 13D Page 3 of 5 Pages

---

| | |
|:---|:---|
| Item 1. Security and Issuer. | Item 1. Security and Issuer. |
| The Shares purchased by Mr. Kavanaugh were purchased with his personal funds in open market for an aggregate consideration of $1,652,498.93. | The Shares purchased by Mr. Kavanaugh were purchased with his personal funds in open market for an aggregate consideration of $1,652,498.93. |
| Item 2. Identity and Background. | Item 2. Identity and Background. |
| (a) | &nbsp;&nbsp;Francis P. Kavanaugh |
| (b) | &nbsp;&nbsp; 107 Via Florence,<br> Newport Beach, CA 92663 |
| (c) | &nbsp;&nbsp;Manager |
| (d) | &nbsp;&nbsp;No |
| (e) | &nbsp;&nbsp;No |
| (f) | &nbsp;&nbsp;United States |
| Item 3. Source and Amount of Funds or Other Consideration. | Item 3. Source and Amount of Funds or Other Consideration. |
| The Shares purchased by Mr. Kavanaugh were purchased with his personal funds in open market for an aggregate consideration of $1,652,498.93. | The Shares purchased by Mr. Kavanaugh were purchased with his personal funds in open market for an aggregate consideration of $1,652,498.93. |
| Item 4. Purpose of Transaction. | Item 4. Purpose of Transaction. |
| (a) | &nbsp;&nbsp;N/A |
| (b) | &nbsp;&nbsp;N/A |
| (c) | &nbsp;&nbsp;N/A |
| (d) | &nbsp;&nbsp;N/A |
| (e) | &nbsp;&nbsp;N/A |
| (f) | &nbsp;&nbsp;N/A |
| (g) | &nbsp;&nbsp;N/A |
| (h) | &nbsp;&nbsp;N/A |
| (i) | &nbsp;&nbsp;N/A |
| (j) | &nbsp;&nbsp;N/A |
| Item 5. Interest in Securities of the Issuer. | Item 5. Interest in Securities of the Issuer. |
| (a) | &nbsp;&nbsp;As of January 27, 2023, Mr. Kavanaugh beneficially owned 1,700,000 shares outstanding which equates of approximately 9.75%. |
| (b) | &nbsp;&nbsp;1. Sole power to vote or direct vote: 1,700,000 |
|  | &nbsp;&nbsp;2. Shared power to vote or direct vote: 0 |
|  | &nbsp;&nbsp;3. Sole power to dispose or direct the disposition: 1,700,000 |
|  | &nbsp;&nbsp;4. Shared power to dispose or direct the disposition: 0 |
| (c) |  |
| (d) |  |
| (e) | &nbsp;&nbsp;N/A |

---

CUSIP No. 358487106 13D Page 4 of 5 Pages

---

| |
|:---|
| Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. |
| Item 7. Material to be Filed as Exhibits. |

---

CUSIP No. 358487106 13D Page 5 of 5 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| |
|:---|
| /s/ Francis P. Kavanaugh |
| (Name) |
| Manager |
| (Title) |
| January 27, 2023 |
| (Date) |

---