secwatch.observer — SEC 8-K summary
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Issuer:     MacKenzie Realty Capital, Inc. (MKZR)
CIK:        0001550913
Form:       8-K
Filed at:   2025-12-30T23:59:59+00:00
Accession:  0001550913-25-000170
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MacKenzie Realty amends advisory agreement: new base fee 1.25% of AUM, bonus fee 5% of AFFO
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- Base Management Fee set at 1.25% of gross AUM (excl. depreciation/amortization), paid monthly.
- Bonus Management Fee replaces subordinated incentive fee and acquisition fees; equals 5% of quarterly AFFO.
- Adviser will no longer receive Acquisition Fees, Debt Financing Fees, or Disposition Fees.
- Agreement runs for five years from Jan 1, 2026, with annual renewal option; non-renewal triggers termination fee.
- If company elects to terminate early (not for cause), termination fee equals 3x trailing 12-month fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000170/0001550913-25-000170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000170/mrc8k12302025.htm
  HTML page:      https://secwatch.observer/filing/0001550913-25-000170

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