Form 4: MacKenzie Realty Capital CEO Acquires Additional Shares Through DRIP
SEC Form 4 Filing
Robert E. Dixon, CEO/President of MacKenzie Realty Capital, Inc., reports acquiring additional shares of common stock through the company's Dividend Reinvestment Program (DRIP).
Summary
- On May 1, 2016, Robert E. Dixon, CEO/President of MacKenzie Realty Capital, Inc. (MKZR), acquired 2,724.15 shares of MacKenzie Realty Capital Inc. Common Stock through a Dividend Reinvestment Program (DRIP).
- The shares were acquired at a weighted average price of $8.93.
- Following the transaction, Dixon directly owns 9,935.45 shares.
- Dixon also has an indirect ownership interest through MPF Successors, LP, which acquired shares of MacKenzie Realty Capital, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to DRIP participation. The CEO's participation could be seen as a positive, but it's not a major event.
Positives
- The CEO's participation in the DRIP program could be seen as a positive signal, indicating confidence in the company's future.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. DRIP programs are common for REITs and other companies that distribute dividends.
Key Dates
| Date | Description |
|---|---|
| 05/01/2016 | Date of earliest transaction (DRIP shares acquired) |
| 02/01/2024 | End date of DRIP share acquisition period |
| 09/25/2024 | Date of signature on the Form 4 filing |
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