SCHEDULE: CEO Dixon Boosts Stake in MacKenzie Realty Capital

MacKenzie Realty Capital, Inc.'s CEO, Robert E. Dixon, disclosed a 5.5% beneficial ownership stake in the company's common stock through recent acquisitions.

Summary

• Robert E. Dixon, Chief Executive Officer and President of MacKenzie Realty Capital, Inc., reported beneficial ownership of 93,582 shares of the Issuer's common stock.
• This ownership represents approximately 5.5% of the 1,714,056 outstanding shares as of August 19, 2025.
• Dixon directly owns 32,295 shares.
• He also has shared voting and investment power over 61,287 shares held by MPF Successors, LP (5,569 shares) and MacKenzie Real Estate Advisers, LP (55,718 shares).
• The shares were acquired for investment purposes.
• Recent acquisitions include 9,000 shares by Dixon on August 18, 2025, at $5.10 per share.
• MacKenzie Real Estate Advisers (MREA) also made several acquisitions in August 2025, totaling 35,606 shares at prices ranging from $4.31 to $4.9365 per share.

Sentiment

Score: 7

Explanation: The filing indicates a significant insider stake increase by the CEO, which is generally a positive signal of confidence in the company's future. While it doesn't contain financial performance data, the insider buying suggests a positive internal outlook.

Positives

• CEO Robert E. Dixon increased his beneficial ownership in the company, signaling confidence in its future.
• The CEO's direct and indirect acquisitions demonstrate alignment of interests with shareholders.

Future Outlook

The filing states that the Reporting Person acquired the shares for investment purposes and has no current intention, plan, or proposal to effect any major corporate changes, although as CEO and an executive/board member of related entities, he may be involved in discussions regarding the Issuer's operations.

Management Comments

• The Reporting Person acquired the Shares for investment purposes.
• The Reporting Person has no current intention, plan or proposal with respect to items (a) through (j) of Item 4 of Schedule 13D.

Industry Context

This filing indicates an insider's increased stake in a real estate capital company, which can be viewed positively by the market as it suggests management confidence in the company's future prospects within the real estate investment sector.

Comparison to Industry Standards

• As a Schedule 13D filing, this document primarily discloses beneficial ownership and does not provide operational or financial results that can be directly compared to industry benchmarks or specific comparable companies/projects. The key takeaway is the insider's increased ownership, which is generally seen as a positive signal of confidence.

Legal Proceedings

• The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the past five years.
• The Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction which resulted in him being subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws during the past five years.

Related Party Transactions

• The filing details the Reporting Person's shared beneficial ownership through MPF Successors, LP and MacKenzie Real Estate Advisers, LP, entities where the Reporting Person holds executive and board positions, indicating related party dealings in share acquisitions.

Stakeholder Impact

• Shareholders: The increased insider ownership by the CEO may instill greater confidence among existing and potential shareholders, suggesting strong belief in the company's value.
• Management/Employees: Reinforces leadership's commitment to the company's success.

Next Steps

• No specific future actions or milestones are mentioned beyond the ongoing investment purpose.

Key Dates

Recommendation

The filing indicates significant insider buying by the CEO, Robert E. Dixon, who now beneficially owns 5.5% of the company. This demonstrates strong management confidence and alignment of interests with shareholders. However, as a Schedule 13D, the filing does not provide detailed financial performance metrics or strategic updates that would typically support a 'buy' recommendation. Investors should 'hold' their position and await further financial disclosures to assess the company's operational performance and future prospects before making a more aggressive investment decision.

Keywords

MacKenzie Realty Capital, Robert E. Dixon, Schedule 13D, Beneficial Ownership, Common Stock, Insider Buying, Real Estate Investment, SEC Filing, Corporate Governance