On December 5, 2024, Wheeler Real Estate Investment Trust adjusted the conversion price of its 7.00% Subordinated Convertible Notes due 2031 to approximately $4.22 per share, a 45% discount from the previous conversion price. This adjustment follows the December redemptions of Series D Cumulative Convertible Preferred Stock, where 127,554 shares were redeemed at approximately $40.01 per share.The company issued 665,298 shares of Common Stock to settle these redemptions. To date, 1,383,892 shares of Series D Preferred Stock have been redeemed, with 1,250,000 shares of Common Stock issued in total. As of December 6, 2024, Wheeler had 1,312,449 shares of Common Stock and 2,229,655 shares of Series D Preferred Stock outstanding.The next redemption deadline is December 25, 2024, with the Holder Redemption Date on January 6, 2025.

On December 5, 2024, Wheeler Real Estate Investment Trust adjusted the conversion price of its 7.00% Subordinated Convertible Notes due 2031 to approximately $4.22 per share, a 45% discount from the previous conversion price. This adjustment follows the December redemptions of Series D Cumulative Convertible Preferred Stock, where 127,554 shares were redeemed at approximately $40.01 per share.The company issued 665,298 shares of Common Stock to settle these redemptions. To date, 1,383,892 shares of Series D Preferred Stock have been redeemed, with 1,250,000 shares of Common Stock issued in total. As of December 6, 2024, Wheeler had 1,312,449 shares of Common Stock and 2,229,655 shares of Series D Preferred Stock outstanding.The next redemption deadline is December 25, 2024, with the Holder Redemption Date on January 6, 2025.