Dividends & Buybacks ·
Wheeler Real Estate Investment Trust files charter amendments for one-for-six reverse stock split effective Oct. 29
WHLRPWheeler Real Estate Investment Trust, Inc.
Wheeler Real Estate Investment Trust filed two Articles of Amendment to its Maryland charter to implement a one-for-six reverse stock split of its common stock, effective at 5:00 p.m. Eastern Time on October 29, 2026. The company will decrease the par value of its common stock from $0.06 to $0.01 per share concurrently with the split. Fractional shares resulting from the transaction will be cancelled in exchange for cash payments based on the closing price on the effective date. Post-split, outstanding common shares are expected to decline from approximately 5.87 million to roughly 978,675. The filing also details proportional adjustments to the conversion rates of its convertible notes and preferred stock. Wheeler Real Estate Investment Trust operates in the real estate investment trust sector.