Wheeler Real Estate Investment Trust shares are trading higher after the company posted two forms that any holder of the Company's Series D Cumulative Convertible Preferred Stock is required to complete to redeem with redemption commencing in October 2023
Portfolio Pulse from Benzinga Newsdesk
Wheeler Real Estate Investment Trust has posted two forms that holders of the Company's Series D Cumulative Convertible Preferred Stock need to complete for redemption, which will start in October 2023. This news has led to an increase in the company's share price.
September 07, 2023 | 1:44 pm
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Wheeler Real Estate Investment Trust's shares are trading higher after the company posted redemption forms for its Series D Cumulative Convertible Preferred Stock. The redemption process will begin in October 2023.
The news directly pertains to Wheeler Real Estate Investment Trust and its Series D Cumulative Convertible Preferred Stock. The posting of redemption forms indicates a positive action by the company, which has led to an increase in the company's share price. This suggests investor confidence in the company's actions, which could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100