Wheeler Real Estate Investment Trust exchanges preferred shares for common stock
#Wheeler REIT #Preferred Stock #Common Stock #Capital Structure #Exchange Offer #Real Estate Investment Trust #Dividends
📌 Key Takeaways
- Wheeler REIT converted Series D Preferred Stock into New Common Stock to streamline its financial structure.
- The exchange was designed to eliminate the cash flow burden of high-yield preferred dividends.
- The move converts fixed liquidation preferences into common equity, enhancing balance sheet flexibility.
- This capital restructuring strategy aims to attract new investment and stabilize long-term growth.
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🏷️ Themes
Finance, Real Estate, Corporate Strategy
📚 Related People & Topics
Capital structure
Mix of funds used to start and sustain a business
In corporate finance, capital structure refers to the mix of various forms of external funds, known as capital, used to finance a business. It consists of shareholders' equity, debt (borrowed funds), and preferred stock, and is detailed in the company's balance sheet. The larger the debt component i...
Common stock
Form of corporate equity ownership
Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Commonwealth realms.
Preferred stock
Type of stock senior to common stock
Preferred stock (also called preferred shares, preference shares, or simply preferreds) is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and is generally considered a hybrid instrume...
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry As Claude disrupts stock market, Anthropic researcher warns ’world is in peril’ Gold, silver prices rise amid U.S.-Iran tensions, blowout January payrolls data Dow halts three-day win streak as blowout jobs data curbs rate cut bets Citi pushes back Fed rate cuts to May after blowout January jobs report (South Africa Philippines Nigeria) Wheeler Real Estate Investment Trust exchanges preferred shares for common stock SEC Filings Published 02/09/2026, 09:26 AM Wheeler Real Estate Investment Trust exchanges preferred shares for common stock 0 WHLR -19.29% WHLRP -2.10% WHLRD -3.94% Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) issued 439,300 shares of its common stock to two unaffiliated holders in exchange for 19,100 shares of Series D Cumulative Convertible Preferred Stock and 38,200 shares of Series B Convertible Preferred Stock. The transactions were completed on Thursday. The company’s stock, currently trading at $2.54, has experienced significant volatility with a 26% decline over the past week, according to InvestingPro data. According to a statement from the company based on a recent SEC filing, the exchange did not involve any cash proceeds. The preferred shares received in the transaction were retired and cancelled. Each exchange involved the issuance of twenty-three shares of common stock for every two shares of Series B Preferred Stock and one share of Series D Preferred Stock. The company stated that the common stock was issued under an exemption from registration provided by Section 3 9) of the Securities Act of 1933, as the exchange was conducted with existing holders and no commissions or other remuneration were paid. Wheeler Real Estate Investment Trust’s securities, including its common stock, Series B and Series D preferred shares, and subordinated convertible notes, are listed on the Nasdaq Capital Market. This information is based on a press release statement included in the compan...