4/A: MKZR Treasurer Boosts Stake Post-Split

MacKenzie Realty Capital's Treasurer, Glen W. Fuller, increased indirect beneficial ownership of common stock through purchases by affiliated entities following a 1-for-10 reverse stock split.

Summary

• Glen W. Fuller, Treasurer of MacKenzie Realty Capital, Inc. (MKZR), reported changes in indirect beneficial ownership of common stock.
• On August 6, 2025, 22,559 shares were acquired indirectly by MacKenzie Real Estate Advisers, LP (MREA) 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 indirectly by MREA at a weighted average price of $4.64 per share, with prices ranging from $4.51 to $4.76.
• Following these transactions, MREA beneficially owns 30,508 shares.
• The filing also discloses 5,569 shares indirectly owned by MPF Successors, LP (MPF).
• All reported share amounts are adjusted for a 1-for-10 reverse stock split effective August 4, 2025.
• Fuller disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The insider buying by the Treasurer, especially after a reverse stock split, suggests confidence in the company's value. While a Form 4 doesn't provide financial performance details, insider purchases are generally a positive signal.

Positives

• Insider buying by Treasurer Glen W. Fuller indicates confidence in the company's future prospects.
• Purchases were made by affiliated entities (MacKenzie Real Estate Advisers, LP) at varying price points, suggesting a strategic accumulation of shares.

Future Outlook

The filing primarily reports past insider transactions and does not provide explicit forward-looking statements or guidance regarding the company's future performance or strategic direction, beyond the implication of insider confidence.

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 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.

Industry Context

Insider purchases, especially by a Treasurer, can signal management's belief in the company's undervaluation or strong future prospects within the real estate investment sector. The reverse stock split typically aims to increase share price and improve marketability, which is a common strategy in the industry for companies seeking to meet listing requirements or attract institutional investors.

Comparison to Industry Standards

• This filing is a standard insider transaction report (Form 4/A) and does not contain information for direct comparison to specific industry benchmarks, comparable companies, or project results.
• Insider buying trends are generally viewed positively across industries, indicating management's alignment with shareholder interests.

Related Party Transactions

• The transactions involve MacKenzie Real Estate Advisers, LP and MPF Successors, LP, entities in which the reporting person, Glen W. Fuller, owns an interest, making them related party transactions in terms of beneficial ownership reporting.

Stakeholder Impact

• Shareholders: Potential positive signal due to insider confidence, especially after a reverse stock split.

Next Steps

• The reporting person undertakes to provide detailed purchase price information upon request.

Key Dates

Recommendation

The insider purchases by the Treasurer, Glen W. Fuller, through affiliated entities following a reverse stock split, indicate a vote of confidence in MacKenzie Realty Capital, Inc. from within management. While insider buying is generally a positive indicator, this Form 4 filing does not provide comprehensive financial performance data or strategic updates necessary for a definitive 'buy' or 'sell' recommendation. Investors should consider this signal in conjunction with the company's broader financial health, market conditions, and future outlook before making investment decisions. Therefore, a 'hold' recommendation is appropriate, suggesting investors maintain their current positions while awaiting further financial disclosures.

Keywords

MacKenzie Realty Capital, MKZR, Insider Trading, Form 4, Stock Purchase, Reverse Stock Split, Beneficial Ownership, Real Estate Investment