Wheeler REIT announces reverse stock split of 1 for 8

• Wheeler REIT (NASDAQ:WHLR) announces reverse stock split of 1 for 8, effective March 31 reducing outstanding shares from 68.03M to 8.5M shares.
• The company changes dividend frequency to quarterly from monthly effective April 1, 2017.
• After the effect of reverse stock split, the quarterly dividend of $0.42/share will be paid in July, to shareholders on record of June 30, 2017.