Form 4: MacKenzie Realty Capital Executive Acquires Shares Through DRIP

Charles E. Patterson II, General Counsel/Secretary of MacKenzie Realty Capital, reports acquisition of shares through a Dividend Reinvestment Program (DRIP) and indirect ownership through MPF Successors, LP.

Summary

• Charles E. Patterson II, the General Counsel/Secretary of MacKenzie Realty Capital, Inc. (MKZR), filed a Form 4 detailing changes in beneficial ownership.
• On May 1, 2016, Patterson acquired 2,913.55 shares of MacKenzie Realty Capital Inc. common stock through a Dividend Reinvestment Program (DRIP) at a weighted average price of $8.93.
• The shares were acquired from May 1, 2016, through February 1, 2024.
• The reported transaction was executed in multiple trades at prices ranging from $7.38 to $10.00.
• Patterson also indirectly owns 9,935.45 shares through an interest in 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 and indirect ownership. There's no indication of significant positive or negative sentiment.

Positives

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to gauge management's sentiment and confidence in the company's prospects.

Key Dates