Wheeler Real Estate Investment Trust, Inc. Announces Monthly Cash Dividend
June 17 2016 - 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 June 30, 2016, to be paid on or about July 31, 2016.
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 StatementThis
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.
Wilkes Graham
Chief Financial Officer
(757) 627-9088
wilkes@whlr.us
Laura Nguyen
Director of Capital Markets
(757) 627-9088
lnguyen@whlr.us
Robin Hanisch
Corporate Secretary
(757) 627-9088
robin@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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