On December 6, 2024, Wheeler Real Estate Investment Trust announced an adjustment to the conversion price of its 7.00% Subordinated Convertible Notes due 2031. The conversion price was reduced to approximately $4.22 per share, reflecting a 45% discount from the lowest conversion price of $7.67 for Series D Preferred Stock.During the December 5, 2024, Holder Redemption Date, Wheeler processed 24 redemption requests, redeeming 127,554 shares of Series D Preferred Stock at approximately $40.01 per share. The company issued 665,298 shares of Common Stock to settle these redemptions.Cumulatively, Wheeler has redeemed 1,383,892 shares of Series D Preferred Stock, issuing approximately 1,250,000 shares of Common Stock. The next redemption deadline is December 25, 2024, with the Holder Redemption Date on January 6, 2025.

On December 6, 2024, Wheeler Real Estate Investment Trust announced an adjustment to the conversion price of its 7.00% Subordinated Convertible Notes due 2031. The conversion price was reduced to approximately $4.22 per share, reflecting a 45% discount from the lowest conversion price of $7.67 for Series D Preferred Stock.During the December 5, 2024, Holder Redemption Date, Wheeler processed 24 redemption requests, redeeming 127,554 shares of Series D Preferred Stock at approximately $40.01 per share. The company issued 665,298 shares of Common Stock to settle these redemptions.Cumulatively, Wheeler has redeemed 1,383,892 shares of Series D Preferred Stock, issuing approximately 1,250,000 shares of Common Stock. The next redemption deadline is December 25, 2024, with the Holder Redemption Date on January 6, 2025.