SCHEDULE 13G/A: Magnolia Capital Fund Reports Zero Ownership in Wheeler Real Estate Preferred Stock

Magnolia Capital Fund, LP, The Magnolia Group, LLC, and Adam K. Peterson have filed an amended Schedule 13G, indicating they no longer beneficially own any Series D Cumulative Convertible Preferred Stock of Wheeler Real Estate Investment Trust, Inc. as of December 31, 2024.

Summary

• Magnolia Capital Fund, LP, The Magnolia Group, LLC, and Adam K. Peterson (collectively, the "Reporting Persons") filed an Amendment No. 5 to Schedule 13G.
• The filing pertains to their beneficial ownership of Series D Cumulative Convertible Preferred Stock (CUSIP 963025606) of Wheeler Real Estate Investment Trust, Inc.
• As of December 31, 2024, the Reporting Persons collectively beneficially own 0.00 shares, representing 0% of the class of securities.
• This amendment indicates a complete divestment or reduction below the 5% reporting threshold from their previously reported holdings.
• The Reporting Persons certified that the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of a change in beneficial ownership to zero percent. It does not provide positive or negative financial or operational information about the issuer, nor does it indicate the reporting persons' sentiment towards the issuer's prospects.

Future Outlook

This filing is a historical disclosure of ownership status and does not contain forward-looking statements or guidance regarding the issuer's future performance or the reporting persons' future investment intentions.

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by an investment entity in a Real Estate Investment Trust (REIT). It reflects a specific investor's position and does not inherently indicate broader industry trends or competitive shifts, though a significant divestment by a notable investor could sometimes be interpreted in the market.

Stakeholder Impact

• For shareholders of Wheeler Real Estate Investment Trust, Inc., this indicates a change in the composition of their preferred stock holders, with Magnolia Capital Fund and related entities no longer holding a reportable stake.
• For Magnolia Capital Fund, LP, The Magnolia Group, LLC, and Adam K. Peterson, this filing formally discloses their divestment from the Series D Cumulative Convertible Preferred Stock.

Key Dates

Keywords

Wheeler Real Estate Investment Trust, Series D Cumulative Convertible Preferred Stock, Magnolia Capital Fund, The Magnolia Group, Adam K. Peterson, SEC filing, Schedule 13G, beneficial ownership, preferred stock, investment trust, REIT