Loan & DebtMay 20, 2026, 04:13 PM
Wheeler REIT to Pay Note Interest with Series D Preferred Stock
AI Summary
Wheeler Real Estate Investment Trust, Inc. announced that the interest payment for its 7.00% Subordinated Convertible Notes due 2031, due on June 30, 2026, will be made in the form of Series D Cumulative Convertible Preferred Stock. This decision was made on May 15, 2026, for noteholders of record as of June 1, 2026. Paying interest in stock rather than cash typically indicates a company's strategy to conserve cash.
Key Highlights
- Interest on Wheeler REIT's 7.00% Subordinated Convertible Notes due 2031 will be paid in stock.
- The payment will be made in the form of the Company’s Series D Cumulative Convertible Preferred Stock.
- The interest payment is due on June 30, 2026.
- Holders of record at 5:00 p.m. New York City time on June 1, 2026, will receive the payment.
Price Impact
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