Wheeler Real Estate Investment Trust, Inc. Retains KeyBanc Capital Markets as a Financial Advisor in Connection with Previous...
February 27 2018 - 4:04PM
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 retained KeyBanc Capital Markets to lead the
process in identifying and evaluating a full range of strategic
alternatives designed to maximize shareholder value.
No decision has been made by the Company to
enter into any transaction at this time, and there are no
assurances that the consideration of strategic alternatives will
result in any transaction. Although the Board of Directors expects
to proceed in a timely manner, there is no timetable for completion
of the review process. The Company will make every effort to keep
its shareholders apprised; however, future disclosures on the
Company’s progress or status of the review will be shared when
appropriate and/or required by law.
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 StatementsThis
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. The Company’s expected results
may not be achieved, and actual results may differ materially from
expectations. Specifically, the Company’s statements regarding the:
(i) expected identification of strategic alternatives that could
enhance shareholder value and (ii) possible implementation of such
alternatives are forward-looking statements. Forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties and other factors, some of which are beyond
the Company’s 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 that could cause the Company’s
actual results to differ materially from those expressed or
forecasted in forward-looking statements 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: David KellyPresident and
CEO(757) 627-9088dkelly@whlr.us
Mary JensenInvestor Relations(757)
627-9088mjensen@whlr.us
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