4/A: MKZR Officer Boosts Stake Post-Split

MacKenzie Realty Capital's Chief Compliance Officer, Jeri Ruth Bluth, increased her indirect beneficial ownership of common stock following a reverse stock split.

Summary

• Jeri Ruth Bluth, Chief Compliance Officer, reported indirect acquisitions of MacKenzie Realty Capital, Inc. (MKZR) common stock.
• On August 6, 2025, 22,559 shares were acquired at a weighted average price of $4.31 per share, with prices ranging from $4.18 to $4.50.
• On August 7, 2025, an additional 7,949 shares were acquired at a weighted average price of $4.64 per share, with prices ranging from $4.51 to $4.76.
• These shares were acquired indirectly by MacKenzie Real Estate Advisers, LP, resulting in a total of 30,508 shares beneficially owned through this entity after the transactions.
• An additional 5,569 shares are indirectly owned through MPF Successors, LP.
• All reported share amounts are post a 1-for-10 reverse stock split effective August 4, 2025.

Sentiment

Score: 8

Explanation: The filing indicates significant insider buying by a key officer, which is generally a strong positive signal of confidence in the company's future performance, especially following a reverse stock split. The disclaimers are standard for indirect ownership.

Positives

• Insider buying by a Chief Compliance Officer, indicating confidence in the company's prospects.
• Acquisition of shares by entities in which the officer holds an interest, aligning management's interests with shareholders.

Risks

• The reporting person disclaims beneficial ownership of the securities except to the extent of their pecuniary interest, which could imply limited direct control or full financial exposure.

Future Outlook

NA

Management Comments

• The reporting person undertakes to provide to MacKenzie Realty Capital, Inc. (MKZR), any security holder of MKZR, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote 1 to this Form 4.
• The reporting person undertakes to provide to MacKenzie Realty Capital, Inc. (MKZR), any security holder of MKZR, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote 3 to this Form 4.
• The filer owns an interest in MREA and therefore could be deemed to beneficially own the MRC shares acquired by MREA, but disclaims beneficial ownership of the securities referred to herein except to the extent of the filer's pecuniary interest in such securities.
• The filer is now disclosing the total amount owned by MPF Successors rather than his pecuniary interest in such shares, and disclaiming the amount in excess of his pecuniary interest.
• The filer owns an interest in MPF and therefore could be deemed to beneficially own the MRC shares acquired by MPF, but disclaims beneficial ownership of the securities referred to herein except to the extent of the filer's pecuniary interest in such securities.

Industry Context

This filing indicates an insider's increased stake in a real estate capital company. In the broader financial industry, insider buying can signal management's confidence in the company's valuation or future performance, especially after a corporate action like a reverse stock split.

Comparison to Industry Standards

• Insider buying, particularly by a Chief Compliance Officer, is generally viewed positively as it aligns management incentives with shareholder interests.
• The transactions occurred after a 1-for-10 reverse stock split, which often aims to increase share price and meet listing requirements or attract institutional investors. Insider buying post-split can be interpreted as confidence in the post-split valuation.
• Comparable actions might include other REITs or real estate investment companies where management has recently increased their holdings, such as XYZ REIT or ABC Capital, indicating a belief in the sector's recovery or specific company's strategy.

Related Party Transactions

• The transactions involve entities (MacKenzie Real Estate Advisers, LP and MPF Successors, LP) in which the reporting person owns an interest, making them related party transactions.

Stakeholder Impact

• Shareholders: Positive signal due to insider buying, potentially increasing investor confidence and aligning management interests.
• Management/Employees: Reinforces alignment of interests with company performance.

Key Dates

Recommendation

The significant insider buying by a Chief Compliance Officer, particularly after a reverse stock split, suggests strong internal confidence in MacKenzie Realty Capital's valuation and future prospects. This aligns management's interests with shareholders and can be a positive indicator for potential investors.

Keywords

MacKenzie Realty Capital, MKZR, Insider Trading, Form 4, Stock Acquisition, Chief Compliance Officer, Jeri Ruth Bluth, Reverse Stock Split, Beneficial Ownership