Summary by Futu AI
Wheeler Real Estate Investment Trust Inc., a Maryland-incorporated company listed on the Nasdaq Capital Market under the trading symbols WHLR, WHLRP, WHLRD, and WHLRL, has announced a significant update regarding its financial instruments. In a current report filed with the SEC on November 20, 2024, the company disclosed that the interest due on December 31, 2024, for its 7.00% Subordinated Convertible Notes maturing in 2031 will be paid in the form of Series D Cumulative Convertible Preferred Stock. This decision applies to note holders on record as of 5:00 p.m., New York City time, on December 1, 2024. The report was officially signed by M. Andrew Franklin, the CEO and President of Wheeler Real Estate Investment Trust Inc.