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Wheeler Real Estate Investment Trust, Inc. — Preferred Stock Offering
Company: Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)
Date announced: 11/28/2016
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."
Wheeler Real Estate Investment Trust is a real estate investment trust. Co. engages in acquiring, financing, developing, leasing, owning and managing strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties. Co. conducts its investment activities through its Operating Partnership, Wheeler REIT, L.P. At Dec 31 2015, Co. owned a portfolio consisting of 53 retail properties, including 39 retail shopping centers, three free-standing retail properties and one office property. Co.'s properties located in Virginia, Florida, North Carolina, South Carolina, Georgia, Kentucky, Tennessee, New Jersey, Alabama, West Virginia, and Oklahoma.