Wheeler Real Estate Investment Trust Inc. has announced a change in the form of interest payment for its 7.00% Subordinated Convertible Notes due 2031. The interest payable on June 30, 2025, to note holders of record as of June 1, 2025, will be issued in the form of the company's Series D Cumulative Convertible Preferred Stock. This decision reflects a strategic move by Wheeler to manage its financial obligations and leverage its equity offerings.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheeler Real Estate Investment Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001527541-25-000133), on May 22, 2025, and is solely responsible for the information contained therein.