Wheeler Real Estate Investment Trust, Inc. has extended its agreement with the Stilwell Group, allowing the investor to maintain a significant ownership stake. The Letter Agreement Amendment, signed on December 5, 2024, extends the original agreement's termination date by one year to December 5, 2025.The amendment preserves the terms of the original Letter Agreement, which permits the Stilwell Group to own up to 49.99% of Wheeler REIT's common stock. This arrangement provides an exception to the company's standard ownership limits, which are designed to maintain its REIT status.The extension signals ongoing cooperation between Wheeler REIT and one of its major shareholders, potentially influencing the company's strategic direction and governance. The Stilwell Group, known for its activist approach, currently has three representatives on Wheeler's board of directors.

Wheeler Real Estate Investment Trust, Inc. has extended its agreement with the Stilwell Group, allowing the investor to maintain a significant ownership stake. The Letter Agreement Amendment, signed on December 5, 2024, extends the original agreement's termination date by one year to December 5, 2025.The amendment preserves the terms of the original Letter Agreement, which permits the Stilwell Group to own up to 49.99% of Wheeler REIT's common stock. This arrangement provides an exception to the company's standard ownership limits, which are designed to maintain its REIT status.The extension signals ongoing cooperation between Wheeler REIT and one of its major shareholders, potentially influencing the company's strategic direction and governance. The Stilwell Group, known for its activist approach, currently has three representatives on Wheeler's board of directors.