May 21, 2018 / 2:43 PM / a month ago

BRIEF-JCP Investment Partners Reports 7.2 Pct Stake In Wheeler REIT

May 21 (Reuters) - JCP Investment Partners LP:

* SAYS LEGAL COUNSEL ON MAY 18 NOTIFIED WHEELER IT BELIEVES WHEELER FAILED TO MAINTAIN ASSET COVERAGE REQUIRED BY ASSET COVERAGE PROVISION

* SAYS BELIEVE WHEELER REIT REQUIRED TO CURE FAILURE TO MAINTAIN REQUIRED ASSET COVERAGE BY CLOSE OF BUSINESS ON JUNE 8

* SAYS BELIEVE CERTIFICATE OF CORRECTION TO ASSET COVERAGE PROVISION FILED BY WHEELER WITH MARYLAND STATE DEPARTMENT. OF ASSESSMENTS & TAXATION IS INVALID

* SAYS SHOULD WHEELER NOT CURE FAILURE TO MAINTAIN REQUIRED ASSET COVERAGE UNDER ASSET COVERAGE PROVISION, JCP MAY PURSUE LITIGATION

* JCP INVESTMENT PARTNERS LP REPORTS 7.2 PERCENT STAKE IN WHEELER REAL ESTATE INVESTMENT TRUST INC AS OF MAY 11 - SEC FILING Source text: (bit.ly/2rXOev1) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below