Wheeler REIT redeems 1,903 preferred shares for 74,374 common shares
WHLR•Wheeler Real Estate Investment Trust redeemed 1,903 Series D preferred shares for 74,374 common shares. It also cut the conversion price on its 7% subordinated convertible notes due 2031 to about $0.59 per share, 45% below the approximately $1.07 lowest conversion price for November Series D redemptions.
1. Share redemption
On November 5, 2026, holders redeemed 1,903 Series D Cumulative Convertible Preferred Stock shares at approximately $41.80 per share, including unpaid dividends. The aggregate redemption price was settled through issuance of 74,374 common shares.
2. Note conversion price
Wheeler Real Estate Investment Trust cut the conversion price on its 7% Subordinated Convertible Notes due 2031 to approximately $0.59 per share. The adjusted price represents a 45% discount to the approximately $1.07 lowest conversion price for November Series D Preferred Stock redemptions.
