Form 4: MacKenzie Realty Capital Executive Acquires Additional Shares Through DRIP

Christine Elizabeth Simpson, Chief Portfolio Manager at MacKenzie Realty Capital, acquired additional shares of the company's common stock through a Dividend Reinvestment Plan (DRIP).

Summary

• On May 1, 2016, Christine Elizabeth Simpson, Chief Portfolio Manager of MacKenzie Realty Capital, Inc. (MKZR), acquired 376.09 shares of MacKenzie Realty Capital Inc. common stock through a Dividend Reinvestment Plan (DRIP).
• The shares were acquired at a weighted average price of $8.93, with individual trades ranging from $7.38 to $10.00.
• Following the transaction, Simpson directly owns 1,133.89 shares and indirectly owns shares through an interest in MPF Successors, LP.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction (DRIP) by a company executive. While insider buying can be seen as a positive signal, a DRIP is a regular occurrence and doesn't necessarily indicate strong bullish sentiment.

Positives

• The acquisition of shares through a DRIP indicates confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's sentiment towards the company's prospects.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates