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Charles E. Patterson II, a director and General Counsel/Secretary at MacKenzie Realty Capital, Inc. (EXCHANGE:MKZR), acquired shares of the company in two transactions. The purchases totaled $134,112 with prices ranging from $4.31 to $4.64. The purchases come as the stock trades at just 0.11 times book value, with InvestingPro analysis indicating the shares are currently undervalued.
On August 6, 2025, Patterson bought 22,559 shares at $4.31 per share. The following day, August 7, 2025, he purchased an additional 7,949 shares at $4.64 per share. These insider purchases come amid a significant market decline, with the stock down 21.6% in the past week. InvestingPro shows 10+ additional insights about MKZR’s valuation and performance.
These shares are indirectly owned by MacKenzie Real Estate Advisers, LP, in which Patterson holds an interest. Patterson disclaims beneficial ownership of the shares except to the extent of his pecuniary interest. Following these transactions, the total shares owned indirectly are 30,508. He also indirectly owns 5569.2 shares by MPF Successors, LP. The company, currently valued at $7.27 million, offers a substantial dividend yield of 44.4% to shareholders.
In other recent news, MacKenzie Realty Capital, Inc. announced the approval of quarterly dividends for its Series A and Series B preferred shares for the quarter ending September 30, 2025. The company will inform shareholders via mail about these dividend payments, with detailed information included in a Form 8-K filed with the SEC. Additionally, MacKenzie Realty Capital’s Board of Directors has approved a 1-for-10 reverse stock split. This move aims to increase the company’s per share trading price to meet Nasdaq Capital Market’s minimum bid price requirement, reducing the number of outstanding shares from approximately 15.8 million to 1.58 million.
In another development, MacKenzie Realty Capital appointed Baker Tilly US, LLP as its new auditor following a merger with its previous auditor, Moss Adams LLP. The transition was approved by the company’s Audit Committee after Moss Adams resigned post-merger. Moss Adams’s audit reports for the fiscal years ending June 30, 2024, and 2023, were free of adverse opinions or disclaimers. These recent developments reflect ongoing changes within MacKenzie Realty Capital.
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