Summary by Moomoo AI
On November 30, 2024, Magnolia Capital Fund, LP, The Magnolia Group, LLC, and Adam K. Peterson filed a Schedule 13G/A with the SEC, disclosing a 5.3% ownership in Wheeler Real Estate Investment Trust's Series D Cumulative Convertible Preferred Stock. The filing indicates that Magnolia Capital Fund holds 125,290 shares, with The Magnolia Group as the general partner and Adam K. Peterson as the managing member.The shares are held directly by Magnolia Capital Fund, with both The Magnolia Group and Adam K. Peterson having voting and dispositive power over the shares. However, they disclaim beneficial ownership. The filing is made under Rule 13d-1(b) as an investment adviser, with no intent to influence control of the issuer.