NEW YORK, Sept. 19, 2018 /PRNewswire/ -- The Stilwell
Group, the largest shareholder of Wheeler Real Estate Investment
Trust, Inc. (the "Company") (NASDAQ: WHLR), today announced that it
has delivered an open letter to shareholders of the Company.
The full text of the letter follows:
September 18,
2018
Dear Fellow WHLR Owner,
The legacy directors have consistently demonstrated their
lack of competence and sound judgment. In our
estimation, they have no business being directors of any public
company (and, as best we can tell, two of them have never been
directors anywhere other than at WHLR). Why the Company
renominated any of the legacy directors baffles
us.
Our plan for WHLR is to relentlessly focus on maximizing value
for the common shareholders -- something that the legacy directors
have clearly failed at. We have been involved as activist
investors in 64 other small cap financial companies over the past
18 years -- 60 of them have been profitable. If elected, we
hope to do the same at WHLR.
Let's take a big step towards turning our Company around on
October 3rd by removing
the legacy directors. Please vote the GREEN proxy today FOR
our three nominees.
Sincerely,
Megan Parisi
917-881-8076
mparisi@stilwellgroup.com
You can vote by telephone, online or by signing
and dating the enclosed GREEN proxy card and
returning it in the postage-paid envelope.
If you have any questions, require assistance
in voting your GREEN proxy card,
or need additional copies of our proxy materials, please
contact us or Okapi Partners at the phone numbers or
email listed below.
Okapi Partners LLC
1212 Avenue of the Americas,
24th Floor
New York, New York 10036
+ 1 (212) 297-0720 (Main)
+ 1 (877) 869-0171 (Toll-Free)
Email: info@okapipartners.com
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SOURCE The Stilwell Group