Andrew Jones Becomes Chairman of Wheeler Real Estate Investment Trust, Inc.
May 23 2019 - 3:24PM
Wheeler Real Estate Investment Trust, Inc.
(NASDAQ:WHLR) (“Wheeler” or the “Company”), a
fully-integrated, self-managed commercial real estate investment
company focused on owning and operating income-producing retail
properties with a primary focus on grocery-anchored centers,
announced today that effective immediately, Andrew (Andy) Jones
will replace John Sweet as Chairman of the Wheeler Board.
Andy has been a shareholder since 2015, has
served on the Wheeler Board as an independent director since April
2018 and is the managing member of NS Advisors, an investment
advisor located in Westport, Connecticut that currently owns 5.7
percent of the Company’s common stock (WHLR).
Commenting on his new role as Chairman, Mr.
Jones stated, “During this transformational time it was important
to retain continuity across the Board. As a major shareholder, I
feel I am well-aligned with our WHLR shareholders and look forward
to creating value in my new capacity as Chairman of the Board.”
Dave Kelly, Chief Executive Officer stated, “We
are pleased with Andy’s appointment to Chairman of the Board. As an
existing Board member and a major shareholder, he has first-hand
knowledge of the challenges we are undertaking and a vested
interest in seeing the Company succeed. I look forward to working
with Andy in his new role.”
Additional information on the Company’s Board of
Directors and their respective bios can be found on the Company
website at www.whlr.us.
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
owning and operating 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. For additional information about
the Company, please visit: www.whlr.us.
FORWARD-LOOKING STATEMENTS
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. The Company’s expected
results may not be achieved, and actual results may differ
materially from expectations. Specifically, the Company’s
statements regarding its transformation efforts and ability to
create value for investors are forward looking statements. These
statements are not guarantees of future performance and are subject
to risks, uncertainties and other factors, some of which are beyond
our control, are difficult to predict and could cause actual
results to differ materially from those expressed or forecasted in
the forward-looking statements. 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: Mary JensenInvestor Relations(757)
627-9088mjensen@whlr.us
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