Wheeler Real Estate Investment Trust announced adjustments to its 7.00% Subordinated Convertible Notes due 2031, with the conversion price reduced from $4.75 to $4.22 per common share, effective December 5, 2024. This adjustment represents a 45% discount to $7.67, the lowest conversion price of Series D Preferred Stock during December redemptions.The company processed 24 redemption requests for Series D Preferred Stock, redeeming 127,554 shares at approximately $40.01 per share. The redemption was settled through the issuance of 665,298 common shares. The ten-day volume-weighted average closing price was $7.67 per share.Cumulatively, Wheeler has processed 268 redemption requests, redeeming 1,383,892 Series D Preferred shares and issuing approximately 1,250,000 common shares. As of December 6, 2024, the company had 1,312,449 common shares and 2,229,655 Series D Preferred shares outstanding. The next monthly redemption date is scheduled for January 6, 2025.

Wheeler Real Estate Investment Trust announced adjustments to its 7.00% Subordinated Convertible Notes due 2031, with the conversion price reduced from $4.75 to $4.22 per common share, effective December 5, 2024. This adjustment represents a 45% discount to $7.67, the lowest conversion price of Series D Preferred Stock during December redemptions.The company processed 24 redemption requests for Series D Preferred Stock, redeeming 127,554 shares at approximately $40.01 per share. The redemption was settled through the issuance of 665,298 common shares. The ten-day volume-weighted average closing price was $7.67 per share.Cumulatively, Wheeler has processed 268 redemption requests, redeeming 1,383,892 Series D Preferred shares and issuing approximately 1,250,000 common shares. As of December 6, 2024, the company had 1,312,449 common shares and 2,229,655 Series D Preferred shares outstanding. The next monthly redemption date is scheduled for January 6, 2025.