Wheeler Real Estate Investment Trust Inc. (Wheeler REIT), a Maryland-based company listed on the Nasdaq Capital Market, reported on the results of its October 2024 Series D Preferred Stock redemptions. On October 7, 2024, the company processed 17 redemption requests from holders of its Series D Cumulative Convertible Preferred Stock, redeeming a total of 85,019 shares at a price of approximately $39.42 per share. This redemption price included $25.00 per share plus accrued but unpaid dividends. In settlement of the aggregate redemption price, Wheeler REIT issued 243,336 shares of its common stock. The company also provided cumulative redemption information, revealing that to date, it has processed 229 redemption requests and redeemed 1,181,598 shares of Series D Preferred Stock. In total, approximately 865,000 shares of common stock have been issued in...Show More

Wheeler Real Estate Investment Trust Inc. (Wheeler REIT), a Maryland-based company listed on the Nasdaq Capital Market, reported on the results of its October 2024 Series D Preferred Stock redemptions. On October 7, 2024, the company processed 17 redemption requests from holders of its Series D Cumulative Convertible Preferred Stock, redeeming a total of 85,019 shares at a price of approximately $39.42 per share. This redemption price included $25.00 per share plus accrued but unpaid dividends. In settlement of the aggregate redemption price, Wheeler REIT issued 243,336 shares of its common stock. The company also provided cumulative redemption information, revealing that to date, it has processed 229 redemption requests and redeemed 1,181,598 shares of Series D Preferred Stock. In total, approximately 865,000 shares of common stock have been issued in settlement of these redemptions, adjusted for several reverse stock splits conducted throughout 2024. As of the reporting date, Wheeler REIT had 896,104 shares of common stock and 2,453,949 shares of Series D Preferred Stock outstanding. Looking ahead, the deadline for the next round of redemptions is set for October 25, 2024, with the subsequent Holder Redemption Date scheduled for November 5, 2024. The company has made redemption forms and FAQs available on its website.