Financing ·
Wheeler Real Estate Investment Trust, Inc. reported the results of its monthly Series D Cumulative Convertible…
WHLRLWheeler Real Estate Investment Trust, Inc.
Wheeler Real Estate Investment Trust, Inc. reported the results of its monthly Series D Cumulative Convertible Preferred Stock redemption program for August 2026. The company processed seven redemption requests, collectively redeeming 7,100 shares of preferred stock at a price of approximately $41.29 per share, which included accrued dividends. Settlement was made by issuing 403,236 shares of common stock. Concurrently, the conversion price for the Company's 7.00% Subordinated Convertible Notes due 2031 was adjusted downward to approximately $0.40 per share, reflecting a 45% discount based on the preferred stock's trading volume weighted average closing price of $0.73 over the preceding ten days. As of August 5, 2026, the company had 2,434,904 shares of common stock and 1,770,859 shares of Series D preferred stock outstanding. The next redemption deadline is August 25, 2026, with a settlement date of September 8, 2026. Wheeler Real Estate Investment Trust, Inc. operates in the real estate industry, specifically investing in and managing commercial real estate assets.