Wheeler Real Estate Investment Trust announced adjustments to its 7.00% Subordinated Convertible Notes due 2031 on January 6, 2025. The conversion price was reduced from $4.22 to $2.06 per common share, reflecting a 45% discount to the lowest Series D Preferred Stock conversion price of $3.75.The company processed 20 redemption requests for 102,487 Series D Preferred Stock shares at $39.82 per share, issuing 1,089,382 common shares in settlement. To date, Wheeler has redeemed 1,486,379 Series D Preferred Stock shares through 288 requests, issuing approximately 2,340,000 common shares.As of January 7, 2025, Wheeler had 2,401,831 common shares and 2,204,902 Series D Preferred Stock shares outstanding. The next monthly redemption date is set for February 5, 2025, with a submission deadline of January 25, 2025.

Wheeler Real Estate Investment Trust announced adjustments to its 7.00% Subordinated Convertible Notes due 2031 on January 6, 2025. The conversion price was reduced from $4.22 to $2.06 per common share, reflecting a 45% discount to the lowest Series D Preferred Stock conversion price of $3.75.The company processed 20 redemption requests for 102,487 Series D Preferred Stock shares at $39.82 per share, issuing 1,089,382 common shares in settlement. To date, Wheeler has redeemed 1,486,379 Series D Preferred Stock shares through 288 requests, issuing approximately 2,340,000 common shares.As of January 7, 2025, Wheeler had 2,401,831 common shares and 2,204,902 Series D Preferred Stock shares outstanding. The next monthly redemption date is set for February 5, 2025, with a submission deadline of January 25, 2025.