debt
confidence high
sentiment neutral
materiality 0.55
Wheeler REIT to pay Dec 31 interest on 7% Convertible Notes due 2031 in Series D Preferred Stock instead of cash.
Wheeler Real Estate Investment Trust, Inc.
- Interest on $WHLRL notes due Dec 31, 2025 to be paid in Series D Cumulative Convertible Preferred Stock.
- Record date for Dec 31 interest payment: close of business Dec 1, 2025.
- PIK election preserves cash but increases Series D preferred shares outstanding.
- Notes carry 7.00% subordinated convertible rate; Series D is cumulative convertible preferred.