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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
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SCHEDULE 13D/A 0001936183 XXXXXXXX LIVE 2 Common Stock, $.01 Par Value 12/10/2025 false 0001654595 58403P402 Medalist Diversified REIT, Inc. P.O. Box 8436 Richmond VA 23226 Calvin M. Jackson 817-332-2500 201 Main Street, Suite 2500 Fort Worth TX 76102 0001936183 N Finley Alfred Lee b PF N X1 8849.00 56250.00 8849.00 56250.00 65099.00 N 5.9 IN 7,810 shares are held by ALF Operating Partners, Ltd. Alfred Lee Finley, in his capacity as the sole member and President of ALF Acquisitions Company, LLC, which is the general partner of ALF Operating Partners, Ltd., exercises sole voting and dispositive power over such shares. 1,039 shares are held by Alfred Lee Finley individually. 56,250 shares are held by Alfred Lee Finley and his spouse, Susan Finley, as joint tenants. 0001936147 N Finley Susan b PF N X1 1560.00 56250.00 1560.00 56250.00 57810.00 N 5.2 IN 1,560 shares are held by Susan Finley individually. 56,250 shares are held by Susan Finley and her spouse, Alfred Lee Finley, as joint tenants. 0001936172 N ALF Operating Partners, Ltd. b WC N TX 7810.00 0.00 7810.00 0.00 7810.00 N 0.7 PN Power is exercised by Alfred Lee Finley in his capacity as sole member and President of ALF Acquisitions Company, LLC, the general partner of ALF Operating Partners, Ltd. Common Stock, $.01 Par Value Medalist Diversified REIT, Inc. P.O. Box 8436 Richmond VA 23226 Pursuant to Rule 13d-2(a) of Regulation D-G of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended, the undersigned hereby amend their Schedule 13D Statement dated January 29, 2025, as amended by Amendment No. 1 dated March 17, 2025 (the "Schedule 13D"), relating to the Common Stock of the Issuer. Unless otherwise indicated, all defined terms used herein shall have the same meanings as those set forth in the Schedule 13D. Lee Finley In his capacity as the sole member and President of ALF Acquisitions, general partner of ALF Operating, pursuant to his ownership of shares held by himself and his spouse, Susan Finley, as joint tenants, and pursuant to his individual ownership of shares, Lee Finley may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of an aggregate of 65,099 shares of the Common Stock, which constitutes approximately 5.9% of the outstanding shares of the Common Stock. Susan Finley Pursuant to her individual ownership of shares and her ownership of shares held by herself and her spouse, Lee Finley, as joint tenants, Susan Finley may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of an aggregate of 57,810 shares of the Common Stock, which constitutes approximately 5.2% of the outstanding shares of the Common Stock. ALF Operating The aggregate number of shares of the Common Stock that ALF Operating owns beneficially, pursuant to Rule 13d-3 of the Act, is 7,810, which constitutes approximately 0.7% of the outstanding shares of the Common Stock. ALF Acquisitions Because of its position as the general partner of ALF Operating, ALF Acquisitions may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 7,810 shares of the Common Stock, which constitutes approximately 0.7% of the outstanding shares of the Common Stock. To the best of the knowledge of the Reporting Persons, other than as set forth above, none of the persons named in Item 2 herein is the beneficial owner of any shares of the Common Stock. Lee Finley Pursuant to his individual ownership of shares and in his capacity as the sole member and President of ALF Acquisitions, the general partner of ALF Operating, Lee Finley has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 8,849 shares of the Common Stock. In addition, pursuant to his ownership of shares held as joint tenants by himself and his spouse, Susan Finley, Lee Finley has the shared power to vote or to direct the vote and to dispose or to direct the disposition of 56,250 shares of the Common Stock. Susan Finley Pursuant to her individual ownership of shares, Susan Finley has the sole power to vote or direct the vote and to dispose or direct the disposition of 1,560 shares of the Common Stock. In addition, pursuant to her ownership of shares held as joint tenants by herself and her spouse, Lee Finley, Susan Finley has the shared power to vote or to direct the vote and to dispose or to direct the disposition of 56,250 shares of the Common Stock. ALF Operating Acting through its general partner, ALF Acquisitions, the sole member and President of which is Lee Finley, ALF Operating has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 7,810 shares of the Common Stock. ALF Acquisitions In its capacity as the general partner of ALF Operating, ALF Acquisitions, acting through its sole member and President, Lee Finley, has the sole power to vote or to direct the vote and to dispose or to direct the disposition of an aggregate of 7,810 shares of the Common Stock owned by ALF Operating. During the last 60 days, Lee Finley and Susan Finley sold shares of Common Stock owned by them as joint tenants in private transactions as follows: Date Number of Shares Sold Price Per Share December 10, 2025 40,000 $15.00 December 10, 2025 60,000 $15.00 Except as set forth in this paragraph (c), to the best knowledge of the Reporting Persons, none of the Item 2 Persons have effected any transactions in the shares of the Common Stock during the past 60 days. Finley Alfred Lee Alfred Lee Finley Individual 12/12/2025 Finley Susan Susan Finley Individual 12/12/2025 ALF Operating Partners, Ltd. Alfred Lee Finley Alfred Lee Finley, President of ALF Acquisitions Company, LLC, General Partner 12/12/2025