MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) Postpones Special Meeting and Declares Quarterly Dividend

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) has recently announced that its special meeting of stockholders, initially scheduled for December 18, 2024, has been postponed. The new date for the Special Meeting is now January 6, 2025, at 11 am (PT). Despite the change in timing, the record date for determining the stockholders entitled to notice of and voting at the Special Meeting remains unchanged.

Stockholders who have already submitted their proxies or voted and wish to maintain their existing vote do not need to take any further action. The proposals set to be voted on during the meeting remain unaltered by these adjustments.

Furthermore, MacKenzie Realty Capital has disclosed its Board of Directors’ decision regarding a new quarterly dividend rate following an evaluation of the company’s performance in 2024. To adhere to the requirement of paying out 90% of its income to shareholders to maintain its REIT status, MacKenzie’s Board declared a quarterly common dividend of $0.05 per common share for the period ending December 31, 2024. This dividend is scheduled to be paid on or around January 25, 2025, to shareholders of record as of December 31, 2024.

The press release containing the details of these announcements has been filed by MacKenzie Realty Capital, Inc. as Exhibit 99.1 to their Current Report on Form 8-K.

Investors should note that no modifications have been made to the proposals up for vote by stockholders at the Special Meeting.

Additionally, in compliance with reporting requirements, MacKenzie announced this information under Items 8.01 and 9.01 of the Form 8-K, detailing Other Events and Financial Statements and Exhibits, respectively. The company will continue to update stakeholders regarding any further developments as they arise.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read MacKenzie Realty Capital’s 8K filing here.

MacKenzie Realty Capital Company Profile

MacKenzie Realty Capital Inc is a REIT which focused on investing in multifamily housing and office real estate properties located principally in the United States. MacKenzie Realty Capital Inc is based in ORINDA, Calif.