Wheeler Real Estate Investment Trust announced adjustments to its 7.00% Subordinated Convertible Notes due 2031, with the conversion price reduced from $4.22 to $2.06 per common share, representing a 45% discount to $3.75. This adjustment follows January redemptions of Series D Preferred Stock at their lowest conversion price of $3.75.In January 2025, the company processed 20 redemption requests for 102,487 Series D Preferred Stock shares at $39.82 per share, settling through the issuance of 1,089,382 common shares. The redemption price included the $25.00 base price plus accrued unpaid dividends.Cumulatively, Wheeler has processed 288 redemption requests, redeeming 1,486,379 Series D Preferred Stock shares and issuing approximately 2.34 million common shares. As of January 7, 2025, the company had 2,401,831 common shares and 2,204,902 Series D Preferred Stock shares outstanding.

Wheeler Real Estate Investment Trust announced adjustments to its 7.00% Subordinated Convertible Notes due 2031, with the conversion price reduced from $4.22 to $2.06 per common share, representing a 45% discount to $3.75. This adjustment follows January redemptions of Series D Preferred Stock at their lowest conversion price of $3.75.In January 2025, the company processed 20 redemption requests for 102,487 Series D Preferred Stock shares at $39.82 per share, settling through the issuance of 1,089,382 common shares. The redemption price included the $25.00 base price plus accrued unpaid dividends.Cumulatively, Wheeler has processed 288 redemption requests, redeeming 1,486,379 Series D Preferred Stock shares and issuing approximately 2.34 million common shares. As of January 7, 2025, the company had 2,401,831 common shares and 2,204,902 Series D Preferred Stock shares outstanding.