MacKenzie Realty creates 2M shares of 9% Series C Preferred Stock at $25 stated value

MacKenzie Realty Capital, Inc.

Series C Preferred ranks junior to Series A and B Preferred, senior to common; $25 liquidation preference plus accrued dividends.
Cumulative 9% annual dividend; company may suspend (but dividends accrue).
Optional early redemption by company begins Jan 1, 2027; holders can convert to common at $10.25/share upon redemption notice.
Company may repurchase at stepped prices from $22 to $25 per share over four years; $25 after year four.

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