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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Wednesday, December 19, 5:05 AM

Slide #35. Wheeler Real Estate Investment Trust, Inc. Preferred Stock Offering

Company: Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)
Date announced: 1/9/2018
Shares Offered: 1,303,000
Date of Pricing: 1/11/2018
Price Per Share: $16.50
Preferred Stock Offering Details: Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) ("Wheeler" or the "Company"), a company specializing in owning, acquiring, financing, developing, renovating, leasing and managing income-producing assets, such as community centers, neighborhood centers, strip centers and freestanding retail properties, announced today that it has commenced a follow-on public offering of Series D Cumulative Convertible Preferred Stock ("Series D Preferred Stock"), subject to market and other conditions. The Company expects to grant the underwriters a 30-day option to purchase additional shares to cover overallotments, if any. The Series D Preferred Stock trades on the Nasdaq Capital Market under the symbol "WHLRD." -updated 1/11- Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) ("Wheeler" or the "Company"), a company specializing in owning, acquiring, financing, developing, renovating, leasing and managing income-producing assets, such as community centers, neighborhood centers, strip centers and free-standing retail properties, announced today the pricing of a public offering and sale of 1,303,000 shares of its 8.75% Series D Cumulative Convertible Preferred Stock, liquidation preference of $25.00 per share (the "Series D Preferred Stock"), at a public offering price of $16.50 per share, for total net proceeds of approximately $20,122,520 million after deducting underwriting discounts, commissions, and estimated offering expenses payable by the Company. The Company has granted the underwriters a 30-day option to purchase up to 195,450 additional shares to cover overallotments, if any. The offering is expected to close on or about January 12, 2018, subject to the satisfaction of customary closing conditions.

Wheeler Real Estate Investment Trust is a self-managed commercial real estate investment company focused on acquiring and managing income-producing retail properties with a primary focus on grocery-anchored centers. Co. owns income producing properties located in Virginia, North Carolina, South Carolina, Florida, Georgia, Kentucky, Oklahoma, Tennessee, Alabama, New Jersey, Pennsylvania and West Virginia which Co. refers to as its operating portfolio. Co. conducts all of its investment activities through its Wheeler REIT, L.P. and its subsidiaries.

Preferred: WHLRP


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Name:  Wheeler Real Estate Investment Trust Inc
Website:  www.whlr.us
Sector:  REITs
Number of ETFs Holding WHLR:  3 (see which ones)
Total Market Value Held by ETFs:  $40,191
Total Market Capitalization:  $18,000,000
% of Market Cap. Held by ETFs:  0.22%
 

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