Summary by Futu AI
Wheeler Real Estate Investment Trust Inc. reported on the results of its November 2024 Series D Preferred Stock redemptions. On November 5, 2024, the company processed 15 redemption requests, redeeming a total of 74,740 shares of Series D Preferred Stock at a price of approximately $39.70 per share. This redemption price included $25.00 per share plus accrued but unpaid dividends. In settlement of the aggregate redemption price, Wheeler issued 303,366 shares of its common stock. The average closing sales price of the common stock on the Nasdaq Capital Market for the ten days preceding the redemption date was approximately $9.78 per share. To date, Wheeler has processed 244 redemption requests, redeeming 1,256,338 shares of Series D Preferred Stock and issuing approximately 1,169,000 shares of common stock in return. As of November 6, 2024, the company had 1,294,310 shares of common stock and 2,357,209 shares of Series D Preferred Stock outstanding. The next redemption date is scheduled for December 5, 2024, with a deadline for redemption requests set for November 25, 2024.
