Wheeler Real EstateInvestment Trust Inc. is offering $50.0 million of its 9.00% seriesB convertible preferred stock.
Cumulative dividends will be paid quarterly in arrears, accordingto a preliminary prospectus.
The company plans to use the net proceeds for general corporatepurposes, including repayment or redemption of debt, redemption of preferred equity,capital expenditures, and working capital.