Form 4: Magnolia Capital Fund Sells Wheeler REIT Series D Preferred Stock

Magnolia Capital Fund, a 10% owner of Wheeler Real Estate Investment Trust, Inc., has sold a portion of its Series D Cumulative Convertible Preferred Stock.

Summary

• On September 5, 2024, Magnolia Capital Fund, LP sold 13,500 shares of Series D Cumulative Convertible Preferred Stock at a weighted average price of $19.17.
• Following this transaction, Magnolia Capital Fund, LP directly owns 280,289 shares.
• On September 9, 2024, Magnolia Capital Fund, LP sold an additional 5,033 shares of the same stock at a weighted average price of $20.15.
• After the second transaction, the fund directly owns 275,256 shares.
• The Magnolia Group, LLC is the general partner and investment manager of Magnolia Capital Fund, LP, and Adam K. Peterson is the managing member of TMG.
• TMG and Mr. Peterson may be deemed to share indirect beneficial ownership of the shares, but they disclaim beneficial ownership except to the extent of their pecuniary interests.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports stock sales, which are routine transactions. The document provides factual information without expressing any positive or negative outlook.

Industry Context

Form 4 filings are standard disclosures for significant shareholders, providing transparency into their transactions and holdings in publicly traded companies. This sale could be part of a broader portfolio adjustment strategy by Magnolia Capital Fund.

Stakeholder Impact

• The sale of shares by a significant shareholder like Magnolia Capital Fund could potentially influence investor sentiment and trading activity in Wheeler REIT's Series D Preferred Stock.

Key Dates

Keywords

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