Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) Issues Update on Series D Preferred Stock Redemptions

Key Points from the Report:

• Wheeler Real Estate Investment Trust, Inc. (“the Company”) recently completed a monthly round of redemptions for its Series D Cumulative Convertible Preferred Stock.
• On May 5, 2026 (the “Holder Redemption Date”), the Company redeemed an aggregate of 3,259 shares of Series D Preferred Stock in response to shareholder requests.
• The aggregate redemption price was settled through the issuance of 1,743 shares of the Company’s Common Stock.
• The volume weighted average closing sales price of Common Stock on Nasdaq for the ten consecutive trading days prior to the May 5, 2026 Holder Redemption Date was approximately \$1.87 per share.
• After completion of these redemptions, as of May 5, 2026, the Company had 1,042,613 shares of Common Stock and 1,762,819 shares of Series D Preferred Stock outstanding.
• The next monthly Series D Preferred Stock redemption deadline is May 25, 2026, with the next Holder Redemption Date scheduled for June 5, 2026.
• Required redemption forms and a list of frequently asked questions are available on the Company’s investor relations website.

Important Information for Shareholders & Potential Price Sensitivity:

• The Company continues to reduce its outstanding Series D Preferred Stock through monthly redemptions, primarily settling these in Common Stock. This approach increases the outstanding Common Stock float, which may have a dilutive effect on share value.
• The redemption price calculation is based on the volume weighted average price of the Common Stock, which directly links the redemption mechanics to current market conditions.
• As the Company issues more Common Stock to settle redemptions, existing shareholders may experience dilution, potentially impacting the trading price of WHLR shares.
• The ongoing redemptions and the relatively low trading price of the Common Stock (recently averaging \$1.87 per share) could signal continued pressure on share price if the trend continues.
• The next round of redemptions is imminent, with deadlines and execution dates clearly communicated. Investors should monitor these monthly events for potential impacts on supply and share price.
• With over 1.76 million shares of Series D Preferred Stock still outstanding, further dilutive events are possible if redemptions continue to be settled in Common Stock.

Summary Table of Outstanding Securities

Forward-Looking Considerations:
The Company has stated that information on its website is not incorporated by reference and is not part of the 8-K filing. Management has also included standard forward-looking statements language, noting that actual outcomes may differ from expectations due to various risks and uncertainties, and that the Company undertakes no obligation to update projections or guidance.

Disclaimer:
This article summarizes information from a recent Wheeler Real Estate Investment Trust, Inc. SEC filing and is for informational purposes only. It does not constitute investment advice. Investors should conduct their own due diligence and consider consulting a qualified financial advisor before making any investment decisions. The Company expressly disclaims any obligation to update or revise forward-looking statements. Share values may be affected by ongoing redemptions and dilution; investors are encouraged to monitor future filings and company announcements.

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