SCHEDULE: Dixon Increases Stake in MacKenzie Realty Capital

Robert E. Dixon has amended his Schedule 13D filing to report an increased beneficial ownership of MacKenzie Realty Capital, Inc. common stock, now holding approximately 8.9% of the outstanding shares.

Summary

• Robert E. Dixon has filed an amendment (Amendment No. 4) to his Schedule 13D, updating his beneficial ownership of MacKenzie Realty Capital, Inc. common stock.
• As of August 4, 2026, Dixon beneficially owns 246,665 shares, representing approximately 8.9% of the Issuer's outstanding common stock.
• This includes 54,241 shares owned directly, with shared beneficial ownership of 5,569 shares from MPF Successors, LP, 86,855 shares from MacKenzie Real Estate Advisers, LP, and 100,000 shares from Berniece Patterson Legacy Trust (BPLT).
• The total funds required for BPLT's purchases on August 7 and August 10, 2026, were $53,395.47.
• Dixon directly holds sole voting and dispositive power over 54,241 shares (1.95% of outstanding shares).

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral to slightly negative filing, primarily due to the disclosure of increased beneficial ownership without a clear strategic driver, and the potential for ongoing scrutiny.

Positives

• Increased beneficial ownership by a significant stakeholder, which could signal confidence in the company's future.
• Disclosure of direct ownership of 54,241 shares, indicating a personal investment in the company.

Negatives

• The filing does not provide a clear strategic rationale for the increased stake, potentially leading to market speculation.
• The aggregate beneficial ownership of 8.9% may attract further regulatory or investor scrutiny.
• Dixon expressly disclaims beneficial ownership of shares held by MPF Successors, MREA, and BPLT for Section 13(d) purposes, which could indicate a complex ownership structure.

Risks

• Potential for increased activism or influence from a significant shareholder whose intentions are not fully disclosed.
• The filing is an amendment to a previous Schedule 13D, suggesting ongoing changes in beneficial ownership that warrant monitoring.

Future Outlook

No specific future outlook or guidance is provided in this Schedule 13D amendment. The filing primarily serves to update beneficial ownership information.

Management Comments

• "Although the Reporting Person may be deemed to have beneficial ownership of such shares of Common Stock, neither the filing of this Schedule 13D nor any of the contents hereof shall be deemed to constitute an admission by the Reporting Person that he is the beneficial owner of any of the shares of Common Stock owned by MPF Successors, MREA and BPLT for purposes of Section 13(d) of the Act, or for any other purpose, and such beneficial ownership is expressly disclaimed."
• "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct."

Industry Context

StockSavvy.ai notes that Schedule 13D filings are common in the real estate investment and advisory sector, often indicating significant investor interest or potential changes in control. The increase in beneficial ownership by Robert E. Dixon in MacKenzie Realty Capital, Inc. is a standard disclosure event for this type of entity.

Related Party Transactions

• Robert E. Dixon may be deemed to share beneficial ownership of shares held by MPF Successors, LP, MacKenzie Real Estate Advisers, LP, and Berniece Patterson Legacy Trust (BPLT), indicating potential related party interests.

Stakeholder Impact

• Shareholders: May observe increased interest or potential activism from a significant shareholder, though intentions are not explicitly stated.
• Management: May face increased scrutiny or engagement from a shareholder holding nearly 9% of the company's stock.

Next Steps

• Monitor future filings by Robert E. Dixon and MacKenzie Realty Capital, Inc. for any further changes in beneficial ownership or strategic disclosures.
• Observe any potential changes in the company's strategic direction or governance that may be influenced by this increased stake.

Key Dates

Keywords

MacKenzie Realty Capital, Schedule 13D, Beneficial Ownership, Robert E. Dixon, Common Stock, Investment, SEC Filing