Wheeler REIT shares dive after preferred stock exchange offer fails (NASDAQ:WHLR)

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Wheeler Real Estate Investment Trust (NASDAQ:WHLR) shares sank 16% in Monday midday trading after the retail REIT didn’t get enough series D preferred stock tendered to complete its exchange offer.

As of Jan. 20, 11:59 PM ET, ~26.8% of its total outstanding series D

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