MacKenzie Realty Insider Files Amendment, Raises Stake to 56,709 Shares
Rhea-AI Filing Summary
Robert E. Dixon, listed as CEO/President and a director of MacKenzie Realty Capital, Inc. (MKZR), filed an amended Form 4 disclosing an ownership change. On 08/14/2025 the reporting person (directly and/or via an entity) acquired 21,012 shares of MKZR common stock at a weighted average price of $4.84 per share, bringing the total shares beneficially owned to 56,709. The amendment corrects an earlier error that had reported 20,012 shares and clarifies that some newly acquired shares were purchased by MacKenzie Real Estate Advisers, LP, in which the filer owns an interest; the filer disclaims beneficial ownership except to the extent of any pecuniary interest. The form was amended on 08/15/2025 and signed by an attorney-in-fact on 09/08/2025.
Positive
- Insider acquisition disclosed: 21,012 shares purchased at a weighted average price of $4.84, increasing holdings to 56,709 shares.
- Corrective amendment filed: The filer amended the Form 4 to correct an earlier reporting error (originally reported 20,012).
- Transparency on indirect ownership: Filing explains acquisitions by MacKenzie Real Estate Advisers, LP and discloses pecuniary interest and disclaimer.
Negative
- Initial reporting error: Original Form 4 misstated the number of shares as 20,012, requiring an amendment.
- Indirect ownership complexity: Some shares were acquired by an affiliated adviser, which may complicate direct beneficial ownership clarity for investors.
Insights
TL;DR: Insider purchased a modest stake via related adviser; amendment corrects prior reporting error.
The Form 4/A shows an insider-level purchase of 21,012 common shares at a weighted average of $4.84, increasing beneficial holdings to 56,709 shares. The filing clarifies that MacKenzie Real Estate Advisers, LP acquired certain shares and the reporting person holds an interest in that adviser but disclaims beneficial ownership beyond pecuniary interest. The amendment and explanatory footnotes indicate a prior reporting inaccuracy (originally 20,012), which was corrected. For investors, this is a routine insider acquisition coupled with a compliance correction rather than a material corporate event.
TL;DR: Disclosure corrected and clarified indirect ownership; governance disclosure practices followed with amendment.
The amended filing demonstrates adherence to Section 16 disclosure by correcting earlier quantity errors and explaining the indirect ownership through the adviser entity. The explicit disclaimer regarding beneficial ownership of securities held by MacKenzie Real Estate Advisers, LP is standard practice to delineate direct versus indirect holdings. The signature by an attorney-in-fact and the included explanatory footnotes improve transparency on the transaction record.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | MacKenzie Realty Capital Inc. Common Stock | 21,012 | $4.84 | $102K |
Footnotes (3)
- F1. Original amount of securities reported as 20,012 in error.
- F2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.75 to $4.91, inclusive. 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.
- F3. MacKenzie Real Estate Advisers, LP ("MREA") acquired shares of MacKenzie Realty Capital, Inc. ("MRC"). 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
