<a href="https://laohu8.com/S/WHLR">Wheeler Real Estate Investment Trust</a> Announces Conversion of Series D Preferred Shares into Common Stock at Adjusted Price
Wheeler Real Estate Investment Trust Inc. has announced a recent conversion of its Series D Cumulative Convertible Preferred Stock. As of August 5, 2025, the company processed 13 redemption requests, redeeming a total of 35,981 shares of Series D Preferred Stock at a redemption price of approximately $41.43 per share. This move follows the adjustment in the conversion price of its 7.00% Subordinated Convertible Notes due 2031, now set at approximately $2.00 per share of common stock. The company has issued 410,202 shares of common stock to settle these redemption requests. Wheeler REIT continues to manage its outstanding shares, with 1,690,786 shares of common stock and 1,785,051 shares of Series D Preferred Stock remaining as of the latest update.
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: 0001527541-25-000202), on August 06, 2025, and is solely responsible for the information contained therein.
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