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Wheeler REIT to sell up to $50M of series B preferred stock in ATM offerings

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Wheeler REIT to sell up to $50M of series B preferred stock in ATM offerings

Wheeler Real EstateInvestment Trust Inc. plans to sell up to $50.0 million of its seriesB convertible preferred shares from time to time.

To that end, the company and Wheeler REIT LP signed an equitydistribution agreement with JonesTrading Institutional Services LLC as the agent.The agent may sell the shares in negotiated deals or by any method considered tobe an at-the-market offering, including sales made directly on the Nasdaq CapitalMarket or sales made to or through a market maker other than on an exchange.