Wheeler REIT issues 1,167,880 common shares in preferred stock exchanges
WHLR•Wheeler Real Estate Investment Trust agreed to issue 1,167,880 common shares in exchanges for preferred shares. The unregistered transactions generated no cash proceeds, and the exchanged preferred shares were retired and canceled.
1. Share exchanges
The trust agreed on November 3, 2026, to issue 809,880 common shares to two unaffiliated securities holders in exchange for 32,589 Series B Preferred Stock shares and 2,550 Series D Cumulative Convertible Preferred Stock shares. A November 6 agreement covered another 358,000 common shares in exchange for 8,000 Series B shares and 2,000 Series D shares. The unregistered transactions generated no cash proceeds, and the exchanged preferred shares were retired and canceled.
