Form 4: Chief Portfolio Manager Increases Stake in MacKenzie Realty

Christine Simpson, Chief Portfolio Manager of MacKenzie Realty Capital, Inc., indirectly increased her beneficial ownership through purchases by affiliated entities.

Summary

• Christine Elizabeth Simpson, Chief Portfolio Manager and an officer of MacKenzie Realty Capital, Inc. (MKZR), reported changes in her beneficial ownership.
• On October 2, 2025, MacKenzie Real Estate Advisers, LP (MREA), an entity in which Simpson holds an interest, acquired 14,000 shares of MacKenzie Realty Capital Inc. Common Stock at prices ranging from $5.00 to $5.10 per share.
• On October 3, 2025, MREA acquired an additional 1,000 shares of MacKenzie Realty Capital Inc. Common Stock at $5.10 per share.
• Following these transactions, Simpson's indirect beneficial ownership through MREA increased to 86,855 shares.
• Simpson also indirectly beneficially owns 5,569 shares through MPF Successors, LP, and directly owns 250 shares.
• Simpson disclaims beneficial ownership of the securities held by MREA and MPF except to the extent of her pecuniary interest in such securities.

Sentiment

Score: 7

Explanation: The Chief Portfolio Manager's indirect increase in beneficial ownership through affiliated entities suggests confidence in the company's valuation and future prospects, which is a positive signal.

Positives

• Chief Portfolio Manager Christine Simpson indirectly increased her beneficial ownership in MacKenzie Realty Capital, Inc. by 15,000 shares, signaling confidence in the company's prospects.
• The purchases by MacKenzie Real Estate Advisers, LP, at prices between $5.00 and $5.10, suggest management believes the stock is a good value.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports an insider transaction, which is a routine disclosure for publicly traded companies. It does not provide broader industry context or trends.

Related Party Transactions

• MacKenzie Real Estate Advisers, LP, an entity in which Christine Simpson holds an interest, acquired 15,000 shares of MacKenzie Realty Capital Inc. Common Stock.
• MPF Successors, LP, an entity in which Christine Simpson holds an interest, holds 5,569 shares of MacKenzie Realty Capital Inc. Common Stock.

Stakeholder Impact

• Shareholders may interpret the Chief Portfolio Manager's increased beneficial ownership as a positive indicator of management's confidence in the company's future performance and valuation.

Key Dates

Recommendation

The Chief Portfolio Manager's indirect acquisition of 15,000 shares through affiliated entities, at prices ranging from $5.00 to $5.10, signals strong insider confidence in MacKenzie Realty Capital, Inc.'s current valuation and future performance. This insider buying activity suggests that management believes the stock is undervalued or has significant upside potential, making it an attractive entry point for investors.

Keywords

MacKenzie Realty Capital, MKZR, insider trading, Form 4, stock purchase, beneficial ownership, Christine Simpson, Chief Portfolio Manager