Wheeler unit Cedar Realty announces tender offer for series C preferred stock

seekingalpha09-25

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) said its unit Cedar Realty Trust (CDR.PR.C) (CDR.PR.B) plans to commence a tender offer to purchase up to $9M shares of its outstanding 6.50% series ...

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The retail REIT had acquired all of Cedar's outstanding common stock in August 2022.  The purchases will be made at a price per series C share of not less than $13.25 and not greater than $15.50. The \"modified Dutch auction\" tender offer is expected to commence on Sept. 25 and expire at 5:00 PM New York City time, on Thursday, Oct. 24. The retail REIT intends to pay for the shares repurchased with available cash. 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