Wheeler REIT adjusts convertible note conversion price to $1.04 after Series D redemptions

Wheeler Real Estate Investment Trust, Inc.

Conversion price of 7.00% subordinated notes due 2031 cut to ~$1.04/share (24.12 shares per $25 principal) after Series D conversions at $1.88.
March 2026: 6,502 Series D shares redeemed at ~$41.72 each (incl. accrued dividends), settled with 143,914 common shares.
Cumulative: 1,777,083 Series D shares redeemed since program launch, with ~393,000 common shares issued.
As of March 6, 2026: 1,433,983 common shares and 1,640,295 Series D shares outstanding.
Next Series D redemption deadline: March 25, 2026; next holder redemption date: April 6, 2026.

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