Form 4: Magnolia Capital Fund Sells Wheeler Real Estate Investment Trust Series D Preferred Stock

Magnolia Capital Fund, LP, along with related entities, reports the sale of Wheeler Real Estate Investment Trust, Inc. Series D Cumulative Convertible Preferred Stock.

Summary

• Magnolia Capital Fund, LP sold 3,000 shares of Wheeler Real Estate Investment Trust, Inc.'s Series D Cumulative Convertible Preferred Stock on July 31, 2024, at a price of $19.7 per share.
• An additional 3,500 shares were sold on August 1, 2024, at $19.4 per share.
• Following these transactions, Magnolia Capital Fund, LP directly owns 321,162 shares of the Series D Preferred Stock.
• The Magnolia Group, LLC (TMG) is the general partner and investment manager of Magnolia Capital Fund, LP.
• Adam K. Peterson is the managing member of TMG and may be deemed to share indirect beneficial ownership.
• Both TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their pecuniary interests.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard disclosure of stock sales. The impact depends on the market's interpretation of Magnolia's reasons for selling.

Industry Context

Form 4 filings are standard disclosures for significant shareholders and insiders, providing transparency into their transactions in the company's securities. This filing indicates a reduction in Magnolia Capital Fund's holdings of Wheeler Real Estate Investment Trust's Series D Preferred Stock.

Stakeholder Impact

• Shareholders may react to the news of Magnolia Capital Fund selling shares, potentially impacting the stock price.
• The impact on other stakeholders is likely minimal unless this sale signals a larger strategic shift.

Key Dates

Keywords

Wheeler Real Estate Investment Trust, Magnolia Capital Fund, Series D Preferred Stock, Beneficial Ownership, Form 4, Securities Transaction