Summary by Futu AI
Wheeler Real Estate Investment Trust processed 17 redemption requests for 85,019 Series D Preferred Stock shares on October 7, 2024, at $39.42 per share. The company settled the redemption through issuing 243,336 common stock shares, with a 10-day volume-weighted average price of $13.77 per share.Cumulatively, the company has processed 229 redemption requests, redeeming 1,181,598 Series D Preferred Stock shares and issuing approximately 865,000 common shares (adjusted for reverse stock splits). As of October 7, 2024, Wheeler had 896,104 common shares and 2,453,949 Series D Preferred shares outstanding.The next monthly redemption deadline is set for October 25, 2024, with the Holder Redemption Date scheduled for November 5, 2024.