MacKenzie Realty (MKZR) CEO Robert Dixon reports 7.46% ownership stake

Rhea-AI Filing Summary

Robert E. Dixon filed Amendment No. 2 to a Schedule 13D reporting beneficial ownership of 146,665 shares of MacKenzie Realty Capital, Inc. common stock, equal to 7.46% of outstanding shares based on 1,966,400 shares as of February 17, 2026.

As of April 6, 2026, this includes 54,241 shares held directly, with sole voting and dispositive power, and an additional 92,424 shares held through MPF Successors, LP and MacKenzie Real Estate Advisers, LP, over which he may share voting and investment power and whose beneficial ownership he expressly disclaims.

In the last sixty days, he acquired 5,000 shares at $3.64 per share on February 24, 2026 and 10,000 shares at $3.4972 per share on April 6, 2026.

Key Figures

Beneficial ownership: 146,665 shares Ownership percentage: 7.46% Direct holdings: 54,241 shares +5 more

8 metrics

Beneficial ownership 146,665 shares Total beneficial ownership as of April 6, 2026

Ownership percentage 7.46% Portion of 1,966,400 shares outstanding as of February 17, 2026

Direct holdings 54,241 shares Shares with sole voting and dispositive power

Shared holdings 92,424 shares Through MPF Successors, LP and MREA with shared power

Shares outstanding 1,966,400 shares Issuer’s common stock outstanding as of February 17, 2026

Recent purchase 1 5,000 shares at $3.64 Acquired on February 24, 2026

Recent purchase 2 10,000 shares at $3.4972 Acquired on April 6, 2026

Direct purchase cost $517,685.65 Funds used by Dixon to acquire directly owned shares

Key Terms

beneficial ownership, Schedule 13D, dispositive power, distribution-in-kind, +2 more

6 terms

beneficial ownership financial

"The Reporting Person's total beneficial ownership amounts to 146,665 shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Schedule 13D regulatory

"This Amendment No. 2 (Amendment) amends and supplements the statement on filed"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

dispositive power financial

"The Reporting Person possesses the sole power to vote and dispose of 54,241 Shares"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

distribution-in-kind financial

"The shares owned by MPF Successors were received as a distribution-in-kind"

A distribution-in-kind is when a company or fund pays shareholders with assets—such as stock, bonds, or physical property—instead of cash. For investors it matters because the received items may be harder to sell, have different tax consequences, and can change the risk and value of their holdings, similar to being handed a slice of pie instead of money for your share of the bakery.

dividend reinvestment program financial

"and as a result of the dividend reinvestment program since then"

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

pecuniary interest financial

"in which the reporting person has a pecuniary interest and as to which"

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Accepted by SEC EDGAR 04/07/2026 - 09:12 PM Learn about SEC filing dates

FAQ

What stake does Robert E. Dixon report in MacKenzie Realty Capital (MKZR)?

Robert E. Dixon reports beneficial ownership of 146,665 shares of MacKenzie Realty Capital, equal to about 7.46% of its common stock. This percentage is based on 1,966,400 shares outstanding as of February 17, 2026, giving him a notable minority position.

How many MacKenzie Realty (MKZR) shares does Robert E. Dixon hold directly?

Robert E. Dixon directly owns 54,241 shares of MacKenzie Realty Capital common stock. He has sole voting and dispositive power over these shares, which represent approximately 2.76% of the company’s issued and outstanding shares according to the Schedule 13D amendment.

What additional MacKenzie Realty (MKZR) shares are attributed to entities linked to Dixon?

Beyond his direct holdings, Dixon may be deemed to share beneficial ownership of 5,569 shares held by MPF Successors, LP and 86,855 shares held by MacKenzie Real Estate Advisers, LP. He shares possible voting and investment power as a partner but expressly disclaims beneficial ownership.

What recent MacKenzie Realty (MKZR) share purchases did Dixon report?

During the past sixty days, Dixon acquired 5,000 MacKenzie Realty shares at $3.64 per share on February 24, 2026, and 10,000 shares at $3.4972 per share on April 6, 2026. These open-market purchases increased his reported beneficial ownership position.

How much did Dixon and related entities pay for their MacKenzie Realty (MKZR) shares?

Dixon spent $517,685.65 to acquire the shares he owns directly. MacKenzie Real Estate Advisers, LP paid $260,413.30 for its shares, while MPF Successors, LP received its shares via a distribution-in-kind and dividend reinvestment program, with a cost basis of $484,659.

Why did Robert E. Dixon file Amendment No. 2 to his Schedule 13D on MKZR?

Amendment No. 2 updates Dixon’s existing Schedule 13D regarding MacKenzie Realty Capital common stock. It revises his reported beneficial ownership, transaction history, and funding details, while leaving all unchanged items from the original Schedule 13D filing in effect.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

MacKenzie Realty Capital, Inc.

(Name of Issuer)

Common Stock, $0.0001 par value per share

(Title of Class of Securities)

55453W105

(CUSIP Number)

Chip Patterson
89 Davis Rd. Suite 100,
Orinda, CA, 94563
925-631-9100

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

04/06/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 55453W105

1

Name of reporting person

DIXON ROBERT E

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, WC, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 54,241.00
8	Shared Voting Power 92,424.00
9	Sole Dispositive Power 54,241.00
10	Shared Dispositive Power 92,424.00

11

Aggregate amount beneficially owned by each reporting person

146,665.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.46 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1) The number of shares reported as beneficially owned is as of April 6, 2026. The shares reported consists of (A) 54,241 shares owned directly by the reporting person, as well as (B) 5,569 shares owned by MPF Successors, LP ("MPF Successors") and 86,855 shares owned by MacKenzie Real Estate Advisers, LP ("MREA"), in which the reporting person has a pecuniary interest and as to which the reporting person may be deemed to share voting power and investment power. (2) The percentage is calculated based on a total of 1,966,400 of the Issuer's shares of common stock outstanding as of February 17, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.0001 par value per share
(b)	Name of Issuer: MacKenzie Realty Capital, Inc.
(c)	Address of Issuer's Principal Executive Offices: 89 DAVIS ROAD, STE. 100, ORINDA, CALIFORNIA , 94563.
Item 1 Comment: This Amendment No. 2 (Amendment) amends and supplements the statement on Schedule 13D filed on August 21, 2025, as amended (the Original Schedule 13D), relating to the shares of common stock, $0.0001 par value per share (the Shares) of MacKenzie Realty Capital, Inc. (the Issuer). Capitalized terms used but not otherwise defined herein have the meanings set forth in the Original Schedule 13D. Except as specifically provided herein, each Item of the Original Schedule 13D remains unchanged.
Item 2.	Identity and Background
(b)	100 Campus Drive
(c)	West Side, 4th Floor, Suite 410
Item 3.	Source and Amount of Funds or Other Consideration
	The total amount of funds required by Reporting Person to acquire the Shares he owns directly was $517,685.65. The total amount of funds required by MREA to purchase its shares was $260,413.30. The shares owned by MPF Successors were received as a distribution-in-kind (and as a result of the dividend reinvestment program since then) with a cost basis of $484,659.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Person's total beneficial ownership amounts to 146,665 shares of common stock, constituting approximately 7.46% of the outstanding shares of common stock of the Issuer based upon 1,966,400 shares of common stock of the Issuer outstanding as of February 17, 2026.
(b)	The Reporting Person possesses the sole power to vote and dispose of 54,241 Shares, which represent 2.76% of the issued and outstanding Shares. The Reporting Person may be deemed to share beneficial ownership of 5,569 shares of Common Stock owned by MPF Successors and 86,855 shares of Common Stock owned by MREA, as to which the Reporting Person may be deemed to share voting power and investment power as one of a number of partners. Although the Reporting Person may be deemed to have beneficial ownership of such shares of Common Stock, neither the filing of this Schedule 13D nor any of the contents hereof shall be deemed to constitute an admission by the Reporting Person that he is the beneficial owner of any of the shares of Common Stock owned by MPF Successors and by MREA for purposes of Section 13(d) of the Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.
(c)	During the past sixty days, the Reporting Person acquired 5,000 shares on February 24, 2026 at $3.64 per share and 10,000 shares on April 6, 2026 at $3.4972 per share.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DIXON ROBERT E

Signature:	/s/ Robert Dixon
Name/Title:	Robert Dixon, CEO/President
Date:	04/07/2026