Institutional Shareholder Services (ISS) Recommends Voting With Wheeler Real Estate Investment Trust, Inc. to Reelect 7 Board...
September 21 2018 - 8:00AM
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, today
announced that ISS, a leader in proxy advisory firms, has issued
its recommendation for shareholders to vote
WITH THE
COMPANY on its
WHITE proxy card in favor
of:
- The reelection of seven of its eight members of the Board of
Directors;
- Advisory vote on the frequency of executive compensation
advisory votes for one year; and
- The ratification of Cherry Bekaert LLP as the Company’s
independent registered public accounting firm for the fiscal year
ending, December 31, 2018.
ISS has also recommended DO NOT VOTE for
the Stilwell Group’s nominees on the green proxy card.
Time is running out to vote your shares
FOR the WHLR Board. ISS has exerted
its professional opinion in its support with all but one member of
WHLR’s current Board, who we believe, along with the management
team, are executing on the right plan to drive long-term,
sustainable shareholder value.
Please consider this before you vote to give one
shareholder the single largest voting block on the Board.
VOTE THE WHITE PROXY CARD TODAY “FOR” WHLR’S HIGHLY
QUALIFIED NOMINEES.
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. 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. 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. Specifically, the Company’s ability to
produce income from grocery-anchored retail properties and its
ability to create long-term value for shareholders are
forward-looking statements. The Company’s expected results
may not be achieved, and actual results may differ materially from
expectations. 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.
Important Additional
InformationThe Company, its directors and certain of its
executive officers are participants in the solicitation of proxies
from the Company’s stockholders in connection with matters to be
considered at the Company’s 2018 Annual Meeting of Stockholders
(the “2018 Annual Meeting”). The Company has filed a definitive
proxy statement and WHITE proxy card with the U.S. Securities and
Exchange Commission (the “SEC”) in connection with its solicitation
of proxies from the Company’s stockholders. STOCKHOLDERS OF THE
COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT,
ACCOMPANYING WHITE PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH
THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE
AS THEY WILL CONTAIN IMPORTANT INFORMATION. Information regarding
the identities of the Company’s directors and executive officers,
and their direct or indirect interests, by security holdings or
otherwise, are set forth in the proxy statement and other materials
filed with the SEC in connection with the 2018 Annual Meeting.
Stockholders can obtain the proxy statement, any amendments or
supplements to the proxy statement, and any other documents filed
by the Company with the SEC at no charge at the SEC’s website at
www.sec.gov. These documents are also available at no charge in the
“SEC Filings” or “Proxy Materials” sections of the Company’s
website at www.whlr.us.
CONTACT: Mary JensenInvestor
Relations(757) 627-9088mjensen@whlr.us
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