Wheeler to pay interest on subordinated convertibles as series D preferreds

By William Gullotti

Buffalo, N.Y., Nov. 20 – Wheeler Real Estate Investment Trust Inc. determined on Nov. 15 that it will pay the Dec. 31 interest payment on its 7% subordinated convertible notes due 2031 in the form of series D cumulative convertible preferred stock (Nasdaq: WHLRD), according to an 8-K filing with the Securities and Exchange Commission on Monday.

The in-kind payment will be paid to holders of record at the close of business at 5 p.m. ET on Dec. 1.

As previously reported, there are 2,887,273 shares of series D preferred stock outstanding.

Wheeler is based in Virginia Beach.

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