other material
confidence high
sentiment positive
materiality 0.60
MacKenzie Realty declares $0.05 common dividend; raises over $5M including $4.8M from institutional investor
MacKenzie Realty Capital, Inc.
- Common dividend of $0.05 per share payable on or about April 25, 2025, to holders of record March 31, 2025.
- Series A preferred dividend $0.375/share (6% annualized) and Series B preferred dividend $0.75/share (12% annualized) for Q1.
- Raised over $5M via private placement, including ~$4.8M from an institutional investor; listed on Nasdaq as MKZR.
- Broke ground on 'Aurora at Green Valley' development; progressing on refinance of Hillview Hollywood property.