Wheeler Real Estate Investment Trust, Inc. Announces Series D Preferred Stock Redemption Activity and Upcoming Holder Redemption Dates
Key Highlights from the April 7, 2026 8-K Filing
- Redemption Event: Wheeler Real Estate Investment Trust, Inc. (“the Company”) processed five redemption requests from holders of its Series D Preferred Stock, redeeming a total of 5,200 shares.
- Redemption Price: The redemption price per share was approximately \$41.28, which includes the \$25.00 per share base price plus all accrued but unpaid dividends up to and including April 6, 2026.
- Settlement Method: The aggregate redemption price was settled by issuing 207,066 shares of the Company’s Common Stock to the Series D Preferred Stock holders.
- Average Common Stock Price: The volume weighted average Nasdaq closing price for Common Stock over the ten consecutive trading days prior to April 6, 2026, was approximately \$1.04 per share.
- Next Redemption Dates:
- The next monthly round of Series D Preferred Stock redemptions will occur on April 27, 2026.
- The subsequent Holder Redemption Date is scheduled for May 5, 2026.
- Shareholder Resources: Required redemption forms and a list of frequently asked questions are available on the Company’s website at https://ir.whlr.us/series-d/series-d-redemption.
Details Investors Should Know
Implications for Shareholders: This redemption event could be material to shareholders for several reasons:
- Potential Dilution: The settlement of the Series D Preferred Stock redemptions through the issuance of 207,066 new Common Stock shares will increase the total outstanding shares, potentially diluting existing shareholders’ equity positions.
- Ongoing Redemptions: The Company continues to process monthly redemptions of Series D Preferred Stock, which suggests a recurring dilution risk and a predictable supply of new shares being added to the market.
- Share Conversion Rate: The conversion rate, based on a redemption price of \$41.28 per Series D share and a Common Stock price of \$1.04, means holders of Series D are receiving a significant number of common shares per preferred share redeemed. This may impact supply and demand dynamics for the stock.
- Dividend Policy: The redemption price includes accrued but unpaid dividends, affecting the Company’s cash flows and dividend obligations. Investors should monitor for any changes in dividend policy as redemptions progress.
Other Relevant Company Information
- Listing and Security Information:
- Common Stock: WHLR (Nasdaq Capital Market)
- Series B Convertible Preferred Stock: WHLRP (Nasdaq Capital Market)
- Series D Cumulative Convertible Preferred Stock: WHLRD (Nasdaq Capital Market)
- 7.00% Subordinated Convertible Notes due 2031: WHLRL (Nasdaq Capital Market)
- Company Headquarters: 2529 Virginia Beach Blvd., Suite 200, Virginia Beach, VA 23452
- CEO and President: M. Andrew Franklin
Forward-Looking Statements
The 8-K includes forward-looking statements regarding future redemptions and company expectations. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Forward-looking statements are based on current expectations and are subject to risks and uncertainties. Investors should conduct their own due diligence and consult with financial professionals before making investment decisions. The Company expressly disclaims any obligation to update or revise any forward-looking statement, except as required by law.
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