MacKenzie Realty Capital Files 2024 Proxy Statement

TL;DR

MRC filed its 2024 proxy statement. Get ready for shareholder votes.

AI Summary

MacKenzie Realty Capital, Inc. filed a definitive proxy statement (DEF 14A) on November 18, 2024. The filing, related to the fiscal year ending June 30, 2024, concerns the company's proxy statement for its shareholders. MacKenzie Realty Capital, Inc. is a Real Estate Investment Trust (REIT) incorporated in Maryland.

Why It Matters

This filing provides shareholders with essential information regarding the company's governance and upcoming shareholder votes, impacting their investment decisions.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) and does not contain new material events or financial disclosures that would indicate immediate risk.

Key Numbers

• 2024 — Proxy Statement Year (Definitive proxy statement filed for the 2024 period.)

Key Players & Entities

• MacKenzie Realty Capital, Inc. (company) — Registrant
• 0001550913-24-000039 (filing_id) — Accession Number
• 20241118 (date) — Filing Date
• 0630 (date) — Fiscal Year End
• 6798 (sic_code) — Standard Industrial Classification

FAQ

Key Financial Figures

• $10,500 — eson will be paid fees of approximately $10,500, plus out-of-pocket expenses, for its b
• $10,000 — . We also expect to incur approximately $10,000 in expenses related to printing of thes
• $11,500 — ll pay Georgeson a fee of approximately $11,500 in addition to certain variable costs r

Filing Documents

• mrcdef14a111824.htm (DEF 14A) — 333KB
• image0.jpg (GRAPHIC) — 24KB
• 0001550913-24-000039.txt ( ) — 366KB

Security Ownership of Certain Beneficial Owners & Management

Security Ownership of Certain Beneficial Owners & Management As of the Record Date, to our knowledge, there were no persons that owned 25% or more of the outstanding voting securities and no person would be deemed to control us. Our directors are divided into two groups — non-independent directors and independent directors. Independent directors are defined by the New York Stock Exchange independence standards. 7 The following table shows the amount of our common and preferred stock beneficially owned and based on a total of 13,435,656.80 shares of our common stock and 828,439.12 shares of preferred stock outstanding on October 1, 2024, as of that date, by (1) each of our directors and nominees or director, (2) our executive officers and (3) all directors and executive officers as a group. To our knowledge, no other person owns more than 5% of our common or preferred stock. The number of shares beneficially owned by each entity, person, director or executive officer is determined under the rules of the Securities and Exchange Commission (the " SEC ") and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares as to which the individual has the sole or shared voting power or investment power and also any shares that the individual has the right to acquire within 60 days of October 1, 2024, through the exercise of any instrument. Unless otherwise indicated, each person has the sole investment and voting power, or shares such powers with his spouse, with respect to the shares set forth in the table. Unless known otherwise by us, the beneficial ownership information is based on each beneficial owner's most recent Form 3, Form 4, Form 5, Schedule 13D or Schedule 13G, as applicable. With respect to the Executive Officers listed below, they are limited partners of MPF Successors, LP, as well as officers of its general partner, which owns 55,692 shares in us, and Mr. Sherpa o