Wheeler REIT cuts 2031 note conversion price to USD 0.57 per share

Reuters04-07 20:32
Wheeler REIT cuts 2031 note conversion price to USD 0.57 per share
  • Wheeler Real Estate Investment Trust cut conversion price on its 7% subordinated convertible notes due 2031 to about $0.57 per share.
  • Reset followed April Series D preferred redemptions, with lowest preferred-to-common conversion price about $1.04 per share.
  • New note conversion rate equals about 43.85 common shares for each $25 principal amount.
  • Wheeler settled April preferred redemptions by issuing 207,066 common shares.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheeler Real Estate Investment Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001527541-26-000091), on April 07, 2026, and is solely responsible for the information contained therein.

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