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Christine Elizabeth Simpson, the Chief Portfolio Manager at MacKenzie Realty Capital, Inc. (NASDAQ:MKZR), recently acquired additional shares in the company. According to a recent SEC filing, Simpson purchased 1,000 shares of MacKenzie Realty Capital’s common stock on March 5, 2025, at a price of $1.85 per share, totaling $1,850. The purchase comes as the stock trades 63% lower than a year ago, while offering an attractive 11.2% dividend yield.
This transaction increases Simpson’s direct ownership to 1,000 shares. Additionally, Simpson holds an indirect interest in 9,935.45 shares through MPF Successors, LP, which owns a total of 55,692 shares of MacKenzie Realty Capital, Inc.
These moves come as part of Simpson’s ongoing investment activities within the company, reflecting her continued confidence in MacKenzie Realty Capital’s prospects.
In other recent news, MacKenzie Realty Capital has secured approximately $4.8 million through a stock offering, involving the sale of over 2.8 million shares to a single institutional investor. This offering includes Series A and Series B warrants, allowing the potential purchase of an additional 4.2 million shares, with the proceeds intended for corporate purposes such as capital expenditures and potential acquisitions. MacKenzie Realty has also established a $10 million line of credit with an affiliate, Patterson Real Estate Services, at an interest rate of 10% per annum, providing the company with financial flexibility to manage obligations and pursue opportunities. Additionally, MacKenzie Realty plans to update its stockholders through letters addressing dividend payments and other company matters, maintaining transparency and communication with investors. The company has also amended its charter and bylaws following a Special Meeting of Stockholders, implementing changes to corporate governance and stockholder meeting procedures. These amendments include adjustments to meeting thresholds and quorum requirements, reflecting MacKenzie Realty’s efforts to align with corporate standards. These developments demonstrate MacKenzie Realty’s strategic financial planning and commitment to maintaining effective communication with its investors.
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