Wheeler Real Estate Investment Trust, Inc. announces the start of the rights offer

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Virginia Beach, VA – News Direct – Wheeler Real Estate Investment Trust, Inc.

Wheeler Real Estate Investment Trust, Inc. (“Company”) (NASDAQ: WHLR) today announced that it will begin offering its rights (“ offer of rights ”) to eligible shareholders of the Company to purchase up to $ 30 million in the aggregate principal of our Senior Subordinated Convertible Notes at a yield of 7.00% payable. 2031 (“Notes”).

Pursuant to the offer of rights, the Common Shareholders (each, the “holder” and collectively the “holders”) as of 17:00 New York time on June 1, 2021 (the “record date”) are receiving non-transferable subscription rights ( “Rights”) to purchase the Bonds. Each holder will receive one (1) right for every eight (8) ordinary shares held by those registered on the date of registration. Each entitlement permits its holder to subscribe for a principal amount of the Notes of US $ 25 (the “basic subscription privilege”). In addition, copyright holders who fully exercise their basic subscription privileges will be eligible to subscribe to additional Notes that remain unsubscribed as a result of any unused basic subscription privileges (“oversubscription privilege”). The offer will expire at 5:00 pm New York time on August 13, 2021, unless the Company renews or terminates early.

The offer of rights is carried out in accordance with the Application for registration of the Company in the form S – 11 (file No. 333-256699), which entered into force on July 21, 2021. The offer of rights will only be carried out through the prospectus to be submitted. with the SEC, and copies of which will be mailed to all eligible shareholders and can be accessed through the SEC’s website at www.sec.gov. A copy of the prospectus may also be obtained from the Equiniti (US) Services LLC Information Agent toll-free at (833) 503-4130, email proxyinfo@equiniti.com, or by mail at 275 Madison Avenue, New York, NY 10016. Additional information regarding the rights offer will be set out in the prospectus.

This press release must not constitute an offer to sell or a solicitation to offer a purchase, nor is it permitted to sell any of the Company’s securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration. or qualifications under the securities laws of any such state or jurisdiction.

Wheeler Real Estate Investment Trust, Inc. headquartered in Virginia Beach, Virginia, is a fully integrated, self-managed commercial real estate investment fund (REIT) focused on the ownership and management of income-generating retail real estate with a primary focus on malls located in grocery stores. … Please visit: www.whlr.us

This press release may contain statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainties and changes in circumstances. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or events could differ materially from those indicated in the forward-looking statements as a result of various factors.

Contact Information

Wheeler Real Estate Investment Fund

Mary Jensen | Investor relations

+1 757-627-9088

mjensen@whlr.us

Equiniti (USA) Services LLC

Brokers

+1 516-220-8356

Shareholders

+1 833-503-4130

proxyinfo@equiniti.com

See the original version at newsdirect.com: https://newsdirect.com/news/wheeler-real-estate-investment-trust-inc-announces-commencement-of-rights-offering-606138897



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