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Wheeler Real Estate Investment Trust Inc | 8-K: Current report

SEC announcement ·  Mar 6 21:28
Summary by Futu AI
Wheeler Real Estate Investment Trust Inc. reported that on March 5, 2024, the sixth monthly Holder Redemption Date for its Series D Cumulative Convertible Preferred Stock took place with no redemption requests received from holders. To date, the company has processed 182 redemption requests, resulting in the redemption of 948,631 shares of Series D Preferred Stock. In exchange, Wheeler has issued approximately 67 million shares of common stock, valued at $0.01 per share, to settle the redemptions at an aggregate price of around $35.9 million. As of the reporting date, there were over 68 million shares of common stock and approximately 2.6 million shares of Series D Preferred Stock outstanding. The next deadline for redemption requests is set for March 25, 2024, with the subsequent Holder Redemption Date scheduled for April 5, 2024. The company has made redemption forms and FAQs available on its website.
Wheeler Real Estate Investment Trust Inc. reported that on March 5, 2024, the sixth monthly Holder Redemption Date for its Series D Cumulative Convertible Preferred Stock took place with no redemption requests received from holders. To date, the company has processed 182 redemption requests, resulting in the redemption of 948,631 shares of Series D Preferred Stock. In exchange, Wheeler has issued approximately 67 million shares of common stock, valued at $0.01 per share, to settle the redemptions at an aggregate price of around $35.9 million. As of the reporting date, there were over 68 million shares of common stock and approximately 2.6 million shares of Series D Preferred Stock outstanding. The next deadline for redemption requests is set for March 25, 2024, with the subsequent Holder Redemption Date scheduled for April 5, 2024. The company has made redemption forms and FAQs available on its website.

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