MacKenzie Realty Capital, Inc. is issuing its quarterly Series B preferred share dividend to holders of record as of September 30, 2026, according to a shareholder letter dated October 15, 2026. The company, identified in the filing as MRC, detailed the payment structure for its Series B Preferred shares, which carry a 12% preferred return on the $25 purchase price. This return is structured as a 3% current cash dividend of $0.75 per share annually and a 9% accrued return of $2.25 per share annually.
The breakdown of the monthly payments shows cash dividends of $0.0625 per share and an accrued return of $0.1875 per share. The letter provided a table specifying the dividends paid and accrued based on the month of acceptance for the current quarter.
| Acceptance Date | Cash Dividends | Accrued Dividends | Total Dividend |
|---|---|---|---|
| July 1, 2026 | $0.1875 | $0.5625 | $0.75 |
| August 1, 2026 | $0.1250 | $0.3750 | $0.50 |
| September 1, 2026 | $0.0625 | $0.1875 | $0.25 |
Robert E. Dixon, President of MacKenzie Realty Capital, signed the letter accompanying the Investor Statement with payment details. He noted that dividends for investors using a trustee or custodian, or those who requested a third-party deposit, have been transmitted as directed. For shareholders receiving cash dividends, the check will arrive separately from the statement.
The Board of Directors has approved future Series B preferred share dividends at a rate of $0.0625 per month for holders of record as of October 31, November 30, and December 31, 2026. These approved dividends are scheduled to be paid during the month of January 2027.
Dixon expressed appreciation for investor confidence and stated that the company is excited about the interest received from investors and the investment opportunities encountered. He believed that shareholder confidence would be rewarded. The letter included a disclaimer identifying certain statements as forward-looking under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
The company cautioned that actual results could differ materially from projected outcomes due to risks and uncertainties in its operations and business environment. These risks include economic conditions, market demand and pricing, competitive factors, and cost factors. The letter explicitly stated it does not constitute an offer to purchase or sell Mackenzie securities and that no money or consideration is being solicited. Investors are directed to rely solely on the Offering Circular for investment decisions, which is available on the SEC's EDGAR website.