Wheeler Real Estate Investment Trust, Inc. Announces Third Quarter 2017 Cash Dividend
September 18 2017 - 7:35AM
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 $0.34 per share cash dividend
for shareholders of record of the Company’s common stock on
September 29, 2017 to be paid on or about October 15, 2017.
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 quarterly dividend rate on the Company’s common
stock is $0.34 per share. A possible implication of this
statement is that the Company will continuously pay quarterly
dividends on the Company’s common stock of $0.34 per share.
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 GrahamChief Financial Officer(757)
627-9088Wilkes@whlr.us
Laura NguyenDirector of Investor Relations(757)
627-9088Laura@whlr.us
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