On February 25, 2020, the Board of Directors of Wheeler Real Estate Investment Trust, Inc. filled the vacancy on the Board by electing Daniel Khoshaba to be a director on the Board, effective immediately. Mr. Khoshaba has served as the Principal and Co-Founder of City Sunstone Properties, LLC, a commercial real estate investment company, since January 2012. In that role, he is the key principal in all capital allocation, acquisition divestitures and overall strategy. Mr. Khoshaba’s background includes a past role as General Partner and Managing Member of KSA Capital Management, LLC from November 2004 to December 2017. The company also announced that its Board of Directors (the “Board”) has designated Stefani Carter as Chairman-Elect and appointed Daniel Khoshaba to the Executive Committee. Ms. Carter has been elected by the Board to serve as Chairman as of the conclusion of the upcoming annual meeting of shareholders. Mr. Khoshaba has been appointed to the Board and the Executive Committee, effective immediately. Mr. Khoshaba and Joe Stilwell will constitute the Executive Committee.