other_material
confidence high
sentiment negative
materiality 0.55
Wheeler REIT to pay June 2025 note interest in Series D preferred stock instead of cash
Wheeler Real Estate Investment Trust, Inc.
- Interest on 7.00% Subordinated Convertible Notes due 2031 due June 30, 2025 will be paid in Series D Cumulative Convertible Preferred Stock.
- Record date for the interest payment is June 1, 2025 at 5:00 p.m. New York City time.
- Decision reflects a shift from cash to PIK (payment-in-kind) for the June 2025 interest obligation.
item 8.01