secwatch.observer — SEC 8-K summary
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Issuer:     MacKenzie Realty Capital, Inc. (MKZR)
CIK:        0001550913
Form:       8-K
Filed at:   2025-06-12T23:59:59+00:00
Accession:  0001550913-25-000093
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000093/0001550913-25-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000093/mrc8k06112025.htm
  HTML page:      https://secwatch.observer/filing/0001550913-25-000093

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