VIRGINIA BEACH, Va., Aug. 05, 2019 -- Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“WHLR” or the “Company”) today reported operating and financial results for the.
Wheeler Real Estate Investment Trust, Inc. (WHLR) (“Wheeler” or the “Company”), a fully-integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers, today announced that it filed its Definitive Proxy Statement on form 14A with the Securities and Exchange Commission (“SEC”). In addition, the Company has issued an open letter to its stockholders, regarding proposed Board of Director control and experience of Joseph Stilwell, Stilwell Value Partners VII, L.P., Stilwell Value LLC and certain of their affiliates solicitation of proxies for the Company’s 2019 Annual Meeting of Shareholders, which will be held on December 19, 2019 at 9:30 am Eastern Standard Time.
Potential Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shareholders may wish to note that the Independent...
VIRGINIA BEACH, Va., May 12, 2020 -- WHLR Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“WHLR” or the “Company”) announced today that it has reported its financial and.
Egan-Jones has identified that WHLR is on course and taking the correct steps to strengthen its financial position with its existing management team and Board who possess the right mix of qualifications, expertise and experience to implement and accomplish the stated goal of returning shareholder value. Egan-Jones also stated that Stilwell has not produced a comprehensive plan that would compel them to support Stilwell’s claims against WHLR.
VIRGINIA BEACH, Va. , Nov. 06, 2019 -- Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“WHLR” or the “Company”) today reported operating and financial results for the.
“This is another deliberate step in reducing the carrying balance on our KeyBank line of credit, which has been reduced from $68 million since we began our strategic transformation in January 2018,” stated David Kelly, President and CEO. The Company obtained a 5-year fixed rate term loan with Citibank® for $6 million at an interest rate of 4.45%, which is approximately 84 basis points below the current interest rate on the Company’s KeyBank line of credit as of December 31, 2019.
VIRGINIA BEACH, Va., Nov. 22, 2019 -- Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“Wheeler” or the “Company”), a fully-integrated, self-managed commercial real.
Glass Lewis has identified WHLR’s ongoing efforts to return shareholder value through the execution of its plan and the continued refreshment of its Board versus Stilwell’s lack of any substantive ideas or additive candidates and Stilwell’s lack of transparency regarding his associations and business practices.
The Stilwell Group ("Stilwell"), the largest shareholder of Wheeler Real Estate Investment Trust, Inc. ("Wheeler" or the "Company")(NASDAQ:WHLR, WHLRP, WHLRD), today announced that the Independent Inspector of Election has certified the voting results from Wheeler's Annual Meeting of Shareholders confirming that Wheeler shareholders have elected all three of Stilwell's director nominees, Joseph D. Stilwell, Paula J. Poskon and Kerry G. Campbell, to Wheeler's Board of Directors. The certified voting results with respect to the election of directors are included below.1
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR, WHLRP, WHLRD) (“Wheeler” or the “Company”) today announced that its Board of Directors (the “Board”) has designated Stefani Carter as Chairman-Elect and appointed Daniel Khoshaba to the Executive Committee.
Wheeler Real Estate Investment Trust, Inc. (WHLR) (“Wheeler” or the “Company”), a fully-integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers, announced today that it has made further progress in reducing the balance on the Company’s KeyBank line of credit. The Company obtained a 10-year fixed rate term loan for $16.5 million at an interest rate of 4.28%, which is approximately 62 bps below the current interest rate on the Company’s KeyBank line of credit as of June 28, 2019. The new loan is secured by the 297,950 square-foot, Kroger-anchored shopping center, The Village at Martinsville located in Martinsville, Virginia, which was previously encumbered on the Company’s KeyBank line of credit.
WHLR urges shareholders to vote for all of the Company’s highly qualified nominees on the WHITE proxy card. After his failed attempt last year, Joe Stilwell has launched another proxy fight to have himself and his two nominees elected to your Board. Prior to the 2018 proxy fight we offered a settlement to Mr. Stilwell that would give him two seats on the Board.
VIRGINIA BEACH, Va., Feb. 26, 2020 -- WHLR Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“WHLR” or the “Company”) today reported financial and operating results for the.
The Stilwell Group ("Stilwell"), the largest shareholder of Wheeler Real Estate Investment Trust, Inc. ("Wheeler" or the "Company")(NASDAQ:WHLR, WHLRP, WHLRD), today announced that based on preliminary voting results from Wheeler's Annual Meeting of Shareholders held today, Wheeler shareholders have elected all three of Stilwell's director nominees, Joseph D. Stilwell, Paula J. Poskon and Kerry G. Campbell, to Wheeler's Board of Directors. The results are expected to be certified in the coming days.