MacKenzie Realty Capital Not Emerging Growth Co.

TL;DR

**MacKenzie Realty Capital is NOT an emerging growth company, meaning full SEC compliance.**

AI Summary

MacKenzie Realty Capital, Inc. filed an 8-K on January 18, 2024, indicating it is not an emerging growth company and is not using the extended transition period for new accounting standards. This filing is primarily administrative, confirming the company's status under SEC regulations. For investors, this means MacKenzie Realty Capital, Inc. is subject to the same immediate compliance requirements for new accounting standards as larger, more established companies, which could imply greater transparency and potentially higher compliance costs compared to an emerging growth company.

Why It Matters

This filing clarifies MacKenzie Realty Capital's regulatory status, confirming it operates under the full scope of SEC accounting and reporting requirements, rather than the relaxed rules for emerging growth companies.

Risk Assessment

Risk Level: low — This filing is purely administrative and does not disclose any new financial or operational risks for the company.

Analyst Insight

Investors should note that MacKenzie Realty Capital, Inc. operates under full SEC reporting standards, which may offer greater transparency but also implies higher compliance costs than an emerging growth company. This filing itself does not warrant any immediate action.

Key Players & Entities

• MacKenzie Realty Capital, Inc. (company) — the registrant filing the 8-K
• January 18, 2024 (date) — Date of Report (Date of Earliest Event Reported)
• 000-55006 (dollar_amount) — Commission File Number
• Maryland (company) — State or Other Jurisdiction of Incorporation
• 45-4355424 (dollar_amount) — I.R.S. Employer Identification No.
• 89 Davis Road, Suite 100 Orinda , California 94563 (company) — Address of principal executive offices
• 925-631-9100 (dollar_amount) — Registrant’s telephone number

FAQ

Filing Documents

• mrc8k011824.htm (8-K) — 28KB
• mrclettertoprefa.htm (EX-99.1) — 54KB
• mrclettertoprefb.htm (EX-99.2) — 32KB
• mrclettertocommon.htm (EX-99.3) — 53KB
• 0001550913-24-000002.txt ( ) — 287KB
• mrc-20240118.xsd (EX-101.SCH) — 4KB
• mrc-20240118_lab.xml (EX-101.LAB) — 20KB
• mrc-20240118_pre.xml (EX-101.PRE) — 14KB
• mrc8k011824_htm.xml (XML) — 4KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On or about January 12, 2024, MacKenzie Realty Capital, Inc. mailed a letter to preferred series A stockholders. The full text of the letter is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. On or about January 12, 2024, MacKenzie Realty Capital, Inc. mailed a letter to preferred series B stockholders. The full text of the letter is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated by reference herein. On or about January 19, 2024, MacKenzie Realty Capital, Inc. will mail a letter to common stockholders. The full text of the letter is attached as Exhibit 99.3 to this Current Report on Form 8-K and is incorporated by reference herein. The information in this Current Report is furnished pursuant to Item 7 and shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. This information will not be deemed an admission as to the materiality of any information contained herein that is required to be disclosed solely by Regulation FD. of dividends are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on current expectations and assumptions with respect to, among other things, future economic, competitive and market conditions and future business decisions that may prove incorrect or inaccurate. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the risks described in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended June 30, 2022, as amended

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Letter to preferred series A stockholders 99.2 Letter to preferred series B stockholders 99.3 Letter to common stockholders

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MACKENZIE REALTY CAPITAL, INC . (Registrant) Date: January 18, 2024 By: /s/ Robert Dixon Robert Dixon President

View Full Filing

View this 8-K filing on SEC EDGAR