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Wheeler Real Estate Investment Trust Common and Preferred (12/21/18)

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WHLR Real Estate Investment Trust Further Reduces Debt GlobeNewswire Inc. - 1/29/2020 4:05:10 PM
Inspector Of Election Certifies Vote Confirming That The Stilwell Group's Slate Has Won The Wheeler Proxy Contest PR Newswire (US) - 12/31/2019 1:11:00 PM
The Stilwell Group Receives Overwhelming Support To Elect All Three Of Its Nominees To Wheeler's Board At Today's Annual Meet... PR Newswire (US) - 12/19/2019 12:47:00 PM
Egan-Jones Proxy Services Joins Glass Lewis in Recommending That WHLR Shareholders Vote “For” the Company’s Nominees on... GlobeNewswire Inc. - 12/17/2019 8:30:10 AM
Leading Independent Proxy Advisory Firm Glass Lewis Recommends WHLR Shareholders Vote “for” All of the Company’s Nomine... GlobeNewswire Inc. - 12/11/2019 4:30:10 PM
ISS Recommends for the Election of Joseph Stilwell and Paula Poskon on The Stilwell Group's GREEN Proxy Card PR Newswire (US) - 12/3/2019 1:30:00 PM
WHLR Releases Presentation to Shareholders GlobeNewswire Inc. - 11/22/2019 12:45:05 PM
The Stilwell Group Sends Second Letter to Shareholders of Wheeler Real Estate Investment Trust PR Newswire (US) - 11/19/2019 10:00:00 AM
WHLR Issues Letter to Shareholders Regarding Joe Stillwell’s Associations and Business Practices GlobeNewswire Inc. - 11/15/2019 3:08:43 PM
The Stilwell Group Sends First Letter to Shareholders of Wheeler Real Estate Investment Trust PR Newswire (US) - 11/14/2019 10:00:00 AM
WHLR Real Estate Investment Trust Files Definitive Proxy and Mails Letter to Shareholders GlobeNewswire Inc. - 11/8/2019 2:52:45 PM
Wheeler Real Estate Investment Trust, Inc. Announces 2019 Third Quarter Financial Results GlobeNewswire Inc. - 11/6/2019 5:50:46 PM
Wheeler Real Estate Investment Trust, Inc. Announces 2019 Second Quarter and First Half Financial Results GlobeNewswire Inc. - 8/5/2019 4:27:13 PM
The Stilwell Group Mails Letter To Shareholders Of Wheeler Real Estate Investment Trust PR Newswire (US) - 7/8/2019 9:59:00 AM
Wheeler Real Estate Investment Trust Reduces KeyBank Line of Credit Carried Balance GlobeNewswire Inc. - 7/2/2019 9:21:26 AM
Andrew Jones Becomes Chairman of Wheeler Real Estate Investment Trust, Inc. GlobeNewswire Inc. - 5/23/2019 3:24:05 PM
John Sweet Resigns as Chairman of Wheeler Real Estate Investment Trust, Inc. GlobeNewswire Inc. - 5/20/2019 6:28:12 PM
Wheeler Real Estate Investment Trust, Inc. Announces 2019 First Quarter Financial Results GlobeNewswire Inc. - 5/1/2019 5:15:12 PM
Wheeler Real Estate Investment Trust, Inc. Announces 2018 Fourth Quarter and Year-End Financial Results GlobeNewswire Inc. - 2/26/2019 4:48:10 PM
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Wheeler Real Estate Investment Trust Common and Preferred (12/21/18)

WHLR
Last Trade 0.95
Net Change -0.35
Net Change -26.92%
Day High 1.25
Day Low 0.72

WHLRP
Last Trade 6.802
Net Change -7.30
Net Change -51.76%
Day High 13.04
Day Low 6.02

Series B Preferred Stock

At September 30, 2018 and December 31, 2017, the Company had 1,875,748 and 1,875,848 shares, respectively, and 5,000,000 shares of Series B Convertible Preferred Stock, without par value (“Series B Preferred”) issued and authorized with a $25.00 liquidation preference per share, or $46.90 million in aggregate. The Series B Preferred bears interest at a rate of 9% per annum. The Series B Preferred has no redemption rights. However, the Series B Preferred is subject to a mandatory conversion once the 20-trading day volume-weighted average closing price of our Common Stock, exceeds $58 per share; once this weighted average closing price is met, each share of our Series B Preferred will automatically convert into shares of our Common Stock at a conversion price equal to $40.00 per share of Common Stock. In addition, holders of our Series B Preferred also have the option, at any time, to convert shares of our Series B Preferred into shares of our Common Stock at a conversion price of $40.00 per share of Common Stock. Upon any voluntary or involuntary liquidation, dissolution or winding up of our company, the holders of shares of our Series B Preferred shall be entitled to be paid out of our assets a liquidation preference of $25.00 per share, plus an amount equal to all accumulated, accrued and unpaid dividends to and including the date of payment. The Series B Preferred has no maturity date and will remain outstanding indefinitely unless subject to a mandatory or voluntary conversion as described above.


WHLRD
Last Trade 9.00
Net Change -6.76
Net Change -42.88%
Day High 13.61
Day Low 7.001

Series D Preferred Stock - Redeemable Preferred Stock

In January 2018, the Company, issued and sold 1,363,636 shares of Series D Cumulative Convertible Preferred Stock, without par value (“Series D Preferred”), in a public offering. Each share of Series D Preferred Stock was sold to investors at an offering price of $16.50 per share. Net proceeds from the public offering totaled $21.16 million, which includes the impact of the underwriters' selling commissions and legal, accounting and other professional fees.

At September 30, 2018 and December 31, 2017, the Company had 3,600,636 and 2,237,000, respectively, and 4,000,000 shares of Series D Preferred issued and authorized with a $25.00 liquidation preference per share, or $90.02 million and $55.93 million in aggregate, respectively. Until September 21, 2023, the holders of the Series D Preferred are entitled to receive cumulative cash dividends at a rate of 8.75% per annum of the $25.00 liquidation preference per share (equivalent to the fixed annual amount of $2.1875 per share) (the “Initial Rate”). Commencing September 21, 2023, the holders will be entitled to cumulative cash dividends at an annual dividend rate of the Initial Rate increased by 2% of the liquidation preference per annum on each subsequent anniversary thereafter, subject to a maximum annual dividend rate of 14%. Dividends are payable quarterly in arrears on or before January 15th, April 15th, July 15th and October 15th of each year. On or after September 21, 2021, the Company may, at its option, redeem the Series D Preferred, for cash at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid dividends, if any, to and including the redemption date. The holder of the Series D Preferred may convert shares at any time into shares of the Company’s Common Stock at an initial conversion rate of $16.96 per share of Common Stock. On September 21, 2023, the holders of the Series D Preferred may, at their option, elect to cause the Company to redeem any or all of their shares at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid dividends, if any, to and including the redemption date, payable in cash or in shares of Common Stock, or any combination thereof, at the holder’s option.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
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