Wheeler Real Estate Investment Trust, Inc. Announces $0.035 Per Share Monthly Cash Dividend
January 16 2013 - 8:30AM
Business Wire
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)
(“Wheeler” or the “Company”), a company specializing in owning,
acquiring, financing, developing, renovating, leasing and managing
income producing assets, such as community centers, neighborhood
centers, strip centers and free-standing retail properties, today
announced that its Board of Directors has authorized a $0.035 per
share monthly cash dividend for shareholders of record on February
1, 2013, to be paid on or about February 28, 2013.
About Wheeler Real Estate Investment
Trust Inc.
Headquartered in Virginia Beach, VA, Wheeler Real Estate
Investment Trust, Inc. specializes in owning, acquiring, financing,
developing, renovating, leasing and managing income producing
assets, such as community centers, neighborhood centers, strip
centers and free-standing retail properties. Wheeler’s portfolio
contains strategically selected properties, primarily leased by
nationally and regionally recognized retailers of consumer goods
and located in the Mid-Atlantic, Southeast and Southwest regions of
the United States.
Additional information about Wheeler Real Estate Investment
Trust, Inc. can be found at the Company’s corporate website:
www.whlr.us.
Forward-Looking Statement
Wheeler Real Estate Investment Trust, Inc. (the "Company")
considers portions of the information in this press release
relating to its business operations and the timing and amount of
its future dividend payments to be forward‐looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, both as
amended. Although the Company believes that the expectations
reflected in such forward‐looking statements are based upon
reasonable assumptions, it can give no assurance that its
expectations will be achieved. For example, this press release
states that the Company’s monthly dividend rate is $0.035 per
share. A possible implication of this statement is that the Company
will continuously pay monthly dividends of $0.035 per share, or
$0.42 per share per year in the future. The Company’s dividend
rates are set and may be reset from time to time by its Board of
Directors. The Company’s Board of Directors will consider many
factors when setting dividend rates, including the Company’s
historical and projected income, normalized funds from operations,
the then current and expected needs and availability of cash to pay
the Company’s obligations, distributions which may be required to
be paid to maintain the Company’s tax status as a real estate
investment trust and other factors deemed relevant by the Board of
Directors in its discretion. Accordingly, future dividend rates may
be increased or decreased, and there is no assurance as to the rate
at which future dividends will be paid. For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. For
additional factors that could cause the results of the Company to
differ materially from those indicated in the forward‐looking
statements, please refer to the Company's filings with the U.S.
Securities and Exchange Commission which are available for review
at www.sec.gov. The Company undertakes no obligation to publicly
revise these forward‐looking statements to reflect events or
circumstances that arise after the date hereof.
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