Summary by Futu AI
Wheeler Real Estate Investment Trust Inc. reported that on April 5, 2024, the seventh monthly Holder Redemption Date for its Series D Cumulative Convertible Preferred Stock occurred without any redemption requests 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, for an aggregate redemption price of around $35.9 million. As of the reporting date, there were over 68 million shares of common stock and approximately 2.58 million shares of Series D Preferred Stock outstanding. The next deadline for Series D Preferred Stock redemptions is set for April 25, 2024, with the following Holder Redemption Date scheduled for May 6, 2024. The company has made redemption forms and FAQs available on its website.