Wheeler Real Estate Investment Trust, Inc. Announces Monthly Cash Dividend
November 17 2015 - 8:30AM
Wheeler Real Estate Investment Trust, Inc.
(NASDAQ:WHLR) ("Wheeler" or the "Company"), a fully-integrated,
self-managed commercial real estate investment company focused on
acquiring and managing income-producing retail properties with a
primary focus on grocery-anchored centers, today announced that its
Board of Directors has authorized a $0.0175 per share monthly cash
dividend for shareholders of record of the Company's common stock
on November 30, 2015, to be paid on or about December 31, 2015.
About Wheeler Real Estate Investment Trust,
Inc.
Headquartered in Virginia Beach, VA, Wheeler Real Estate
Investment Trust, Inc. is a fully-integrated, self-managed
commercial real estate investment company focused on acquiring and
managing income-producing retail properties with a primary focus on
grocery-anchored centers. Wheeler's portfolio contains
well-located, potentially dominant retail properties in secondary
and tertiary markets that generate attractive, risk-adjusted
returns, with a particular emphasis on grocery-anchored retail
centers.
Additional information about Wheeler Real Estate Investment
Trust, Inc. can be found at the Company's corporate website:
www.whlr.us.
Forward-Looking Statement
This press release may contain "forward-looking" statements as
defined in the Private Securities Litigation Reform Act of 1995.
When the Company uses words such as "may," "will," "intend,"
"should," "believe," "expect," "anticipate," "project," "estimate"
or similar expressions that do not relate solely to historical
matters, it is making forward-looking statements. Forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. For example, this press release states
that the Company's monthly dividend rate on the Company's common
stock is $0.0175 per share. A possible implication of this
statement is that the Company will continuously pay monthly
dividends on the Company's common stock of $0.0175 per share, or
$0.21 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. Additional factors are discussed in 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.
CONTACT: Wheeler Real Estate Investment Trust, Inc.
Robin Hanisch
Corporate Secretary
(757) 627-9088 / robin@whlr.us
Laura Nguyen
Director of Capital Markets
(757) 627-9088 / lnguyen@whlr.us
-OR-
INVESTOR RELATIONS:
The Equity Group Inc.
Terry Downs
Associate
(212) 836-9615 / tdowns@equityny.com
Adam Prior
Senior Vice-President
(212)836-9606 / aprior@equityny.com
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