Wheeler Real Estate Investment Trust announced significant adjustments to its 7.00% Subordinated Convertible Notes due 2031. The conversion price has been reduced from $4.03 to approximately $0.79 per common share, representing a 45% discount to $1.44, effective September 5, 2024. This adjustment means approximately 31.58 common shares will be issued for each $25.00 of principal amount converted.In September 2024's redemption round, the company processed 10 redemption requests for 23,905 Series D Preferred Stock shares at $39.11 per share, settling through the issuance of 649,634 common shares. Cumulatively, the company has processed 212 redemption requests, redeeming 1,096,579 Series D Preferred shares and issuing approximately 1.87 million common shares. As of September 6, 2024, Wheeler had 1,874,119 common shares and 2,538,968 Series D Preferred shares outstanding.

Wheeler Real Estate Investment Trust announced significant adjustments to its 7.00% Subordinated Convertible Notes due 2031. The conversion price has been reduced from $4.03 to approximately $0.79 per common share, representing a 45% discount to $1.44, effective September 5, 2024. This adjustment means approximately 31.58 common shares will be issued for each $25.00 of principal amount converted.In September 2024's redemption round, the company processed 10 redemption requests for 23,905 Series D Preferred Stock shares at $39.11 per share, settling through the issuance of 649,634 common shares. Cumulatively, the company has processed 212 redemption requests, redeeming 1,096,579 Series D Preferred shares and issuing approximately 1.87 million common shares. As of September 6, 2024, Wheeler had 1,874,119 common shares and 2,538,968 Series D Preferred shares outstanding.