Wheeler Real Estate Investment Trust, Inc. (WHLRD)

Misconceptions about preferred securities and delisting are common, leading to unnecessary concerns among investors. Delisting does not give companies new ways to exploit investors. It primarily affects liquidity, not the security's fundamental promises. Through examples of notable delisting, we show that these securities continue to deliver on their income promises to shareholders.

Wheeler REIT is facing a potential dilution crisis as the deadline for Series D preferred shares to be converted into cash or common shares approaches on September 21, 2023. The company intends significant additional amounts of common stock be issued, which could cause significant selling pressure across Wheeler share classes. The situation could lead to a massive dilution with little benefit for any stakeholders, obscuring otherwise good operating results at the Wheeler entity level.

The first tender offer for Wheeler Preferred D shares was unsuccessful, as expected, but now the terms have changed. Given the revised incentives around the tender offer, I believe it is more likely that holdouts will break ranks and tender their shares.

Wheeler has announced a tender offer for all outstanding preferred D shares. Based on the terms and market reaction, the deal seems unlikely to be accepted without being sweetened.

Take A Shower After Reading The Wheeler/Cedar Merger

VIRGINIA BEACH, Va., May 12, 2020 (GLOBE NEWSWIRE) -- WHLR Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“WHLR” or the “Company”) announced today that it has reported its financial and operating results for the three months ended March 31, 2020 on Form 10-Q. The Company has also posted certain supplemental information regarding the Company's financial and operating results for the three months ended March 31, 2020 to the “Investor Relations” page of its website located at https://ir.whlr.us/

Stefani Carter Becomes Chairman-Elect

VIRGINIA BEACH, Va., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“Wheeler” or the “Company”), a fully-integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers, today announced that it has reduced the balance on the Company’s KeyBank line of credit below $10 million.

VIRGINIA BEACH, Va., Dec. 17, 2019 (GLOBE NEWSWIRE) -- Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“Wheeler” or the “Company”), a fully-integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers, today announced that Egan-Jones Proxy Services, along with prominent independent proxy advisory firm, Glass Lewis, has issued its recommendation for shareholders to vote FOR THE COMPANY’S NOMINEES on its WHITE proxy card.

VIRGINIA BEACH, Va., Dec. 11, 2019 (GLOBE NEWSWIRE) -- Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“Wheeler” or the “Company”), a fully-integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers, today announced that Glass Lewis, a prominent proxy advisory firm, has issued its recommendation for shareholders to vote FOR THE COMPANY’S NOMINEES on its WHITE proxy card.

Urges Shareholders to Vote “FOR” All of the Company’s Nominees on the WHITE Proxy Card Urges Shareholders to Vote “FOR” All of the Company’s Nominees on the WHITE Proxy Card

VIRGINIA BEACH, Va., Nov. 15, 2019 (GLOBE NEWSWIRE) -- Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“Wheeler” or the “Company”), a fully-integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers, today has issued an open letter to its stockholders regarding the troubling associations and business practices of Joseph Stilwell. WHLR urges shareholders to vote for all of the Company’s highly qualified nominees on the WHITE proxy card.

Urges Shareholders to Vote “FOR” All of the Company’s Nominees on the WHITE Proxy Card WHLR Is Taking Decisive Action and Is Executing on Its Transformative Plan to Enhance Shareholder Value WHLR’s Highly Qualified Board of Directors Remains Committed to Accountability  Through Thoughtful Refreshment